How To Be Your Own Finance Planner in 10 Steps (Master Your Financial Life Book 2) by Manish Chauhan

Author:Manish Chauhan [Chauhan, Manish]
Language: eng
Format: epub
ISBN: 9789380200811
Publisher: Network 18 Publications Ltd
Published: 2014-04-12T18:30:00+00:00

A year lost = more pressure on retirement life

For every year and every month you do not save for future, you are short for that particular retirement year. Your time left for retirement decreases, but you still have to save more and more with each passing year. This is a really serious issue. Close the book for a moment, shut your eyes, think about your age 60-90 years from now and imagine each day, each desire of yours that you will fulfill in retirement, each wish you have saved in your heart, each plan you have for your retirement and stop. Only you are going to fund it, no one else will give you money for it; if someone gives to you, that’s great, but can you take the risk of not planning and just live on assumptions?

You earn for 30 years, but you need to use that money for 60 years - 30 years while working and 30 years in retirement. So use that 30-30 rule!

If you had to take only one learning from this book and implement it, I would suggest that you take this particular point from this book and seriously save for your retirement. If you don’t do anything else, life will still move on, but this particular part cannot be ignored, simply cannot!

Coming to the point, let’s look at your retirement parallel to your working life. Imagine a case of a 30-year-old person with 30 years of working life and 30 years of retirement life.

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