In a recent article titled "Corporate Owners and Retirement Programs," an initial statistic was disclosed on the Generational Equity website - more than 40% of business owners did not have a retirement plan.
In fact, according to anecdotal evidence, this is not so rare. Even employees have done more than a minimum to prepare for a long-term happy retirement.
The basic facts are easy to understand. Our longevity [due to medical advancement], the joint retirement plan has become less stable [thanks to bankers for greed.]
There may be some bankers who disagree with the previous statement; but they may not be one of the many people who lost their retirement funds in the recent financial crisis.
Perhaps it is time to consider planning for yourself.
In fact, the British government recently passed a plan that people can choose to do - a bit.
Reading between online, it looks like the choice of earning income at the same time from
where from
In order to invest their mandatory contributions in a pension plan, the list of approved plans is quite limited.
So what is the best way?
Fund management course from the ancients
In George S. Clason's "The Richest Man in Babylon", there are many saints on fund management. They are presented as from
Seven therapeutic lean wallets from
,with from
Hardware rule from
, chiseled into a mixture of clay flakes.
This book is a good reading, but one of the main points is to pay attention to how much it should cost and how much it should pay for retirement. Or as the book says, "The part you earn is yours.
The 10% rule is a recurring theme in the teachings of Clason and Rohn, and is a quantity that is destined to be preserved, never touched, until the protector is no longer able to obtain it.
At the same time, the book teacher believes that a person's life should account for 70% of the income, and 20% of them seem to be missing.
Enter Jim Ron.
Jim Ron is financially independent
Jim Ron has produced a VHS videotape that is sent to schools across the United States to teach young people how to manage their income as a rule of life.
It is titled "The Three Keys of Greatness" and it covers many aspects, but the core of money management is financially independent. This may be what the best people of retirement age want, and starting with less value is the key to success.
Some may disagree with Ron's insistence that the top 10% of income should be reserved for charities, but he also insists on the above 70% fee rules.
Two-tenths of the time, he is allocated between active and passive investments.
It is the subject of re-examination in "the richest people in Babylon", encouraging readers to invest 10% of their money in more money, but only by experts with good reputation and plans in their field can do so.
Therefore, the modern retirement plan looks simple - save 10%, work 10%, 70% live, then decide how to deal with the remaining 10%.
Almost unbelievable, it does work. It takes a little effort and some well-designed choices.
Orignal From: Jim Ron and the richest people in Babylon teach retirement plans
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