Many people put off thinking about retirement until late into their lives. For some, retirement means old age and inactivity. For others, it is a matter they will face when the time is “right.” There are so many retirement fallacies out there. This post will try to shed light into some of these fallacies.
1. “Retirement is dull and boring.”
Being retired is actually one of the most exciting phases of life! It’s during retirement that you get to do everything you like. The point of retiring is that you do not need to work to sustain your lifestyle. Some still continue to work but income is ideally not a grave concern during this period.
2. “I’ll deal with it when I have ‘enough’ money.”
Low income is not an excuse to start early. Don’t fret if you can only save a small fixed amount every month. Keep it up. When you have saved enough, invest it in a financial vehicle that can give you medium to high returns in the long run. The earlier you start, the longer time you will have to grow your money!
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This article is sponsored by Lenddo.com.ph
“Excessive expenses, too many loans, less savings- these are just some of the common problems people have that cause financial stress. Right now, you may have one was well. If left unresolved, you may find yourself struggling for life inside the financial ICU one day! Every day, many people find it difficult to deal with their financial stress. The main problem is that they do not have the proper mindset on how to deal with such situations. Thus, they end up worse than before.”
