Retirement Thoughts
Will you ever be able to retire in whatever profession you are in? Yes. Why wouldn't you be able to?Unless you did not save and use your money wisely, that is. I see people all the time use money in the strangest ways possible and it riles me. So instead of putting some cash away into a safe investment, you would rather buy a tattoo or piece of clothing. Then when you are 50 that 100 dollars could have been $500 or even $1000.
Back to the point, retirement is something we all want to look forward too. I was on Facebook the other day and read a quote that had to do with working hard in your 20s, grinding in your 30s, and relaxing in your 40s. This is what should happen with majority of people. This is what your goals should be for the future.
Obviously not everyone wants to retire, some people love what they do and continue to work during retirement. For me, I want to work, make a few deals, and sit on a beach and have absolutely no worries. Especially financial worries. It may sound like I am repeating myself in some of these posts when I'm not talking about investing or investing strategies, that is because I want all of my readers to have the mindset of saving money before spending. Especially when you get your first big paycheck, or bonus, you should use it wisely and not blow it. That is critical in making money, with your money.
Then again, who am I to tell you what to do with your money. I just want to make sure people understand it is not hard to be stable in the type of economy we live in, or who is president, or who takes as much taxes out of your paycheck as possible. You cannot rely on the government, let me repeat, you CANNOT rely on the government. You should focus on yourself, and your own problems and not let the government interfere with what you want to accomplish (providing it is one hundred percent legal).
What is the average retirement amount? There are too many "estimates" in my opinion. I suppose it depends on your living standards. My living standards are very low, all I am looking for is an average house, a few solid cars, and some real estate to have passive income, along with my stock market investments. I have read posts that 3 million is good retirement, I have heard 10 million, I have even heard 50 million. How do you even become a millionaire? (May I suggest reading The Millionaire Next Door). They did a fantastic job with illustrating what a current day millionaire does, and how they spend their money. To me, my personal goal for retirement is a solid 10-12 million dollars. Net worth speaking. Yes it is possible, for those of you saying it is not, thats why you will never achieve it.
Millions? How? Why? You don't need that much money! I am sorry I forgot there was a limit on how much currency you can acquire. That stuff makes me laugh.
I hate to say it, I may be only 19, but I am aiming for a retirement age at around 50 years old. Life is too short to just work. Even though you need to put in work to gather money, you know what I mean.
https://www.facebook.com/chrisbartoinvesting/
Chris Barto
Then again, who am I to tell you what to do with your money. I just want to make sure people understand it is not hard to be stable in the type of economy we live in, or who is president, or who takes as much taxes out of your paycheck as possible. You cannot rely on the government, let me repeat, you CANNOT rely on the government. You should focus on yourself, and your own problems and not let the government interfere with what you want to accomplish (providing it is one hundred percent legal).
What is the average retirement amount? There are too many "estimates" in my opinion. I suppose it depends on your living standards. My living standards are very low, all I am looking for is an average house, a few solid cars, and some real estate to have passive income, along with my stock market investments. I have read posts that 3 million is good retirement, I have heard 10 million, I have even heard 50 million. How do you even become a millionaire? (May I suggest reading The Millionaire Next Door). They did a fantastic job with illustrating what a current day millionaire does, and how they spend their money. To me, my personal goal for retirement is a solid 10-12 million dollars. Net worth speaking. Yes it is possible, for those of you saying it is not, thats why you will never achieve it.
Millions? How? Why? You don't need that much money! I am sorry I forgot there was a limit on how much currency you can acquire. That stuff makes me laugh.
I hate to say it, I may be only 19, but I am aiming for a retirement age at around 50 years old. Life is too short to just work. Even though you need to put in work to gather money, you know what I mean.
https://www.facebook.com/chrisbartoinvesting/
Chris Barto
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