Life is short, says a clich. But this is nonetheless true. You have to enjoy the experience. You should get a job and give in to the materialistic urges. But there will certainly come a time when you need to get married, buy a house, raise kids, and all those life rituals. It would be a shame if you reach your 40s still struggling how to finance your daily needs. This justifies why you should need a financially secure future, and thereby an orientation on how to plan for retirement.
Contrary to popular belief, this is not just about saving up for a bunk bed in an elderly home. It is about fulfilling your ambitions at every life stage and strategically getting opportunities to keep a portion of your regular income for comfortable and happy golden years.
Singaporean citizens are expected to retire when they reach the age of 65, and your expected resources by then should support you for at least the next 20 years. Consequently if you plan to stop working early, then you should work really hard and obtain all the money as soon as possible.
Financial management is the keyword. A sound retirement plan will help you handle your expenses well, set a regular budget, and get rid of debts. It will help you in sustaining life, health, and property insurances. Also, it will instruct you on how to plan for big investments like housing and business, among many others.
Many books and websites can teach you about money management, but of course it would be important if you solicit expert advice from a professional and trustworthy financial consultant. To get rid of financial troubles in the future, learn to save, invest, manage debts, and keep an emergency account.
Contrary to popular belief, this is not just about saving up for a bunk bed in an elderly home. It is about fulfilling your ambitions at every life stage and strategically getting opportunities to keep a portion of your regular income for comfortable and happy golden years.
Singaporean citizens are expected to retire when they reach the age of 65, and your expected resources by then should support you for at least the next 20 years. Consequently if you plan to stop working early, then you should work really hard and obtain all the money as soon as possible.
Financial management is the keyword. A sound retirement plan will help you handle your expenses well, set a regular budget, and get rid of debts. It will help you in sustaining life, health, and property insurances. Also, it will instruct you on how to plan for big investments like housing and business, among many others.
Many books and websites can teach you about money management, but of course it would be important if you solicit expert advice from a professional and trustworthy financial consultant. To get rid of financial troubles in the future, learn to save, invest, manage debts, and keep an emergency account.
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Lofts with a table to save money -kids loft with desk
While this is probably the most obvious benefit, many people do not realize at first
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