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[Razor1911]

Retirement plan is very important. When we do our job or earn from businesses, mostly we overlook the future plans. We mostly invest our money and time on the current situation, which is natural. But we also need to focus on the retirement plans and start saving small amount for that.

I personally do a desk job from 9 a.m. to 5 p.m. Usually the job pays me well but I keep 10% of my I earning for saving purposes specially for retirement. The amount of 10% may not be very huge, but with time the interest on it will make it go double every 10 years. In that way the savings will become huge when I will retire after 40 years. I think everyone should invest for retirement so that we don't have to court ine problem at the very end.

 

[Kennysplash]

Many people underestimate the importance of saving and investing for retirement. This may be due to little awareness and lack of knowledge.
I commend the tactic you use to secure your future. Investment is certainly the best way to go, at the end even the interest would have multiplied a lot. But if one wants to do that, one needs to start very early. Maybe about 25 years of age and below.

 

[BALABALA111]

Personally I don't think let anything that is better than saving no matter how small or large you're saving especially for for your retirement it is only a nice idea 10% of your salary or your earnings is also a nice idea but it all depends on if you are a government worker or you work in the private sector or your business man but I think 10% is nice

 

[BALABALA111]

I think saving is important especially at the range you're going to use it after your work that is your retirement but some people might not be able to save up to 10% because of the nature of their jobs and their earnings they are welfare hospital Healthcare children education tax and other extra Hudl can make an individual not able to save up to 10% so but the concept of saving is nice but the what the percentage should be determined by the individual

 

[Ivanr01]

10% save is good investment for the future. I did this for some months,and I have collected enough to buy anything,which I wouldn't be able to buy with my salary. Yes,it takes too much time to collect something big,but everytime you should have white money for black days,right ? Better save what you can afford to.

 

[ashim kate]

They are not so many people that can be able to keep up with this but that is a very good idea. If you can start eat very early enough, 10% of your salary monthly throughout you're working period is more than enough for you to be able to have a very decent retirement and cover all your bills.

 

[ashim kate]

If you invest it to let it grow or use it to start a business after hitting a good amount of $$ in your savings.. but saving up in banks isn't that bad but not as good as investing

Especially for someone who wants to start planning for retirement at an early stage it will be wise that you should invest your money instead of just keeping it with an insurance company. There are a lot of safe investment platforms that would yield small profit over a long period of time that is better than insurance companies.

 

[Dav1d]

This is a very good idea, it's better to start preparing for your retirement now than wait till you are close to it. This is the mistake so many persons made in the past before but for most persons, do you think it's possible to always save 10% on their own? To be able to do this requires alot of self control and discipline cause I know of some persons who would end up touching from the money especially if they are the ones holding the savings themselves.

 

[Kubiat-Abasi]

Saving 10% of your income for forty years is actually a lucrative and well-organized retirement plan. In my setting, the government and the workers actually engage in our contributory pension funding, in that at the end of their 35 years of active involvement in civil service, the money is being disbursed to them and that is strictly for those under civil service. My grandfather invested in real estate, buying of landed properties and that was what he used to make his life worthwhile after retirement.

 

[ashim kate]

To be very honest not too many people are going to be too comfortable with saving a whole 10% of their salary. If you can be disciplined enough to do that then that is more than enough for you to be able to set up your pension fund and even a little earlier than expected. I advise that you should invest it into a business.

 

[Tipper]

Hey! Here is the free article on how to save money 2022.
There are 14 tips that can help you http://rite.link/Xmm9

 

[VibrantMelon]

Saving money is a challenge across all income levels.

Saving money is more important than ever in 2021.

In fact, while personal savings rates continue to increase, the average savings rate has been declining since 2010 (Deloitte).

The concept of saving money seems simple:

Spend less than you earn. Save and invest the difference.

So why do most retirement savers struggle to save?

Put simply, there are three main factors that make it hard to save money:

1. Bad Habits. Our money habits and behaviours begin forming around age 7. Since financial education is severely lacking in America, most people find themselves with bad habits as adults.
2. Lack of Prioritization. Learning how to change bad money habits isn't typically at the top of the list. As one research study concluded, "financial planning is like a mix between a dental visit, math class, and marriage therapy."
3. You Only Live Once (YOLO). This modern acronym suggests that one should enjoy the present without worrying about the future. Some have argued that this increasingly popular philosophy has convinced a new generation to spend more and save less.

Today's article will not magically change your money habits or make finance more fun.

However, it will show you what's possible and (hopefully) inspire you to dedicate the rest of the year to improving your money-saving journey.

Read more…

 

[btaliat]

It depends on the income but stil the same, it is a good plan in a good direction. Retirement needs proper planning and we don't need to wait till we retire before we start. We can start right from the moment we start working. I just wish there won't be much inflation that will take away the value of the money.

 

[Kingsleyy]

It's depends on your location, here in Africa if you are not working for the government it may be very difficult for you to receive pension after retirement and if you are living here I don't like the idea of saving money for 40 years because the value of our economy is depreciating on daily basis, instead of saving i rather suggest that you use the money to establish a business or if you may not have the time to establish a business at least invest the money in something that can be able to give you at least 50% on yearly basis if possible.

 

[Kubiat-Abasi]

Retirement plan is very important. When we do our job or earn from businesses, mostly we overlook the future plans. We mostly invest our money and time on the current situation, which is natural. But we also need to focus on the retirement plans and start saving small amount for that.

I personally do a desk job from 9 a.m. to 5 p.m. Usually the job pays me well but I keep 10% of my I earning for saving purposes specially for retirement. The amount of 10% may not be very huge, but with time the interest on it will make it go double every 10 years. In that way the savings will become huge when I will retire after 40 years. I think everyone should invest for retirement so that we don't have to court ine problem at the very end.

Saving 10% is a good idea but you could also invest in agricultural businesses, where you either going to planting or rearing of livestock like; goats, pigs, poultry, sheep, cattles and others like; snails, fishes. You could also plant crops, vegetables and fruits. Infact, agricultural product business is lucrative especially if free from security threats and environmental tumor.

 

[dorcasy]

It will seem difficult but believe me it's achievable, just sign an undertaking with your bank or the company that they should hold 10 percent of any amount entering your account for that time frame.
It will take self discipline and maturity to achieve this feat.

 

[Shigobad2020]

Retirement plan is very important. When we do our job or earn from businesses, mostly we overlook the future plans. We mostly invest our money and time on the current situation, which is natural. But we also need to focus on the retirement plans and start saving small amount for that.

I personally do a desk job from 9 a.m. to 5 p.m. Usually the job pays me well but I keep 10% of my I earning for saving purposes specially for retirement. The amount of 10% may not be very huge, but with time the interest on it will make it go double every 10 years. In that way the savings will become huge when I will retire after 40 years. I think everyone should invest for retirement so that we don't have to court ine problem at the very end.

In my own opinion , saving up ten percent at least in the region of forty years I preparing your retirement is a great feat for people that are earning huge salary but its a disadvantage for people earning lower income because even all the salary cannot satisfy their needs .

 

[ashim kate]

If you have the financial muscle to be able to do this I will advise you to absolutely go for it. Sometimes a lot of people who are just starting their life usually are faced with a lot of problems like building a house or buying a car and as such will not be able to see up to 10%. It is completely not wrong if you can be able to reduce it in order to afford your basic needs.

 

[Ridorz]

Saving money for future purpose is a good Idea in which to prepare for future to come. Because it is very imperative to prepare for the time to come when we will not have strength or able to work again. So, when we are working to earn now either from government job or private job.

 

[Kubiat-Abasi]

Yes actually saving 10% of your salary for 40yrs till retirement is indeed a good investment but I think it will be best and better if you invest the 10% on something else so that it will be bringing more money because if you save up $50 it will still remain $50 but if you invest $50 then it will likely turn to $150 within a period of time.

I think for an intending retiree, 10% is not a bad idea but not all retirees do even save upto that percentage. Some depend on the pension and gratuity they hope to receive without a plan B. You can try cryptocurrency investment but you shouldn't rely solely on it because I don't think it's a realistic retirement plan because trading online is unpredictable and unplanned losses could be incurred. It is best to have other source or means of investment and cryptocurrency investment should be more of a bonus and not in its entirety.

 

[Ridorz]

It is very important to make a plan for a retirement day in which to prevent the complain of lacking of money when we retired, because that time we won't able to work for earning like present day anymore. And the best way to prepare for the retired day is to be savings from now and I can say Crypto currency is very good to our money to.