Yep, the title of this Money Safety article says it all. Think about it, why are you saving cash for your so called "retirement years?" You don't know whether you'll even be here. Yeah, you should sock away some cash. That's a given because we have bills come up that are fixed or we screw up and have to pay the piper for a little bit.
Yeah, this goes against the title of my blog. But you have to enjoy life as well. Why sock away or hoard most of your cash so you can lead a dull life? That's not what life is about anymore. The price to live a good life is huge, yes. But if you can put away 10% of your cash you're better off than most. I personally think that stocks, mutual funds, Government investments are a waste of time. Unless you can spend a lot of time studying them. I was talking to a relative on the weekend who was talking about investing. He said, what if the government decided that precious metals could not be used if the economy went into a tail spin?
That got me thinking. Shit, that would really suck if that happened. Most people would be screwed. The people who owned major corporations and government people would be the only people who would have a say in anything. Makes ya think huh? Protect your cash at all costs. Form your own Pension plan. Do not, I repeat do not put your hard earned cash into a company pension plan. What if that company goes bankrupt. What? don't think that could happen to a big company? Get real. Putting some cash in a personal IRA or RRSP, which is the canadian version is still not a bad idea to cut back or defer taxes. It's not all bad.
But don't put cash into retirement savings just to save it for retirement years. Do it for the here and now. To see life and to pay extra bills. To me there only two ways to make money. Most people are taught how to get a job. And that's what they'll do. But you should strongly consider a small business of some sort. Yes, it may take a while to make a regular income. But don't spend money you can't afford. There are so many ways to make extra cash in a business, and you'll save on taxes as well, depending on the type of business you start. Start a cleaning business just picking up litter outside businesses. Most retail business either clean their own building's or hire out. You have to think differently. Or if you're still a renter and in good standing with your landlord, ask them about providing your cleaning service.
Look online for other ways to be in business on a shoestring budget. You have to understand the business and like it. Why would you be in business taking huge risks and don't really understand it? I still work and started my own cleaning biz. So, stash your cash, work a job if you have to and start your own small biz. Don't worry about being 65 or older. And yes, take care of your body. You'll be happier and healthier.
Any questions, just email me.
Yeah, this goes against the title of my blog. But you have to enjoy life as well. Why sock away or hoard most of your cash so you can lead a dull life? That's not what life is about anymore. The price to live a good life is huge, yes. But if you can put away 10% of your cash you're better off than most. I personally think that stocks, mutual funds, Government investments are a waste of time. Unless you can spend a lot of time studying them. I was talking to a relative on the weekend who was talking about investing. He said, what if the government decided that precious metals could not be used if the economy went into a tail spin?
That got me thinking. Shit, that would really suck if that happened. Most people would be screwed. The people who owned major corporations and government people would be the only people who would have a say in anything. Makes ya think huh? Protect your cash at all costs. Form your own Pension plan. Do not, I repeat do not put your hard earned cash into a company pension plan. What if that company goes bankrupt. What? don't think that could happen to a big company? Get real. Putting some cash in a personal IRA or RRSP, which is the canadian version is still not a bad idea to cut back or defer taxes. It's not all bad.
But don't put cash into retirement savings just to save it for retirement years. Do it for the here and now. To see life and to pay extra bills. To me there only two ways to make money. Most people are taught how to get a job. And that's what they'll do. But you should strongly consider a small business of some sort. Yes, it may take a while to make a regular income. But don't spend money you can't afford. There are so many ways to make extra cash in a business, and you'll save on taxes as well, depending on the type of business you start. Start a cleaning business just picking up litter outside businesses. Most retail business either clean their own building's or hire out. You have to think differently. Or if you're still a renter and in good standing with your landlord, ask them about providing your cleaning service.
Look online for other ways to be in business on a shoestring budget. You have to understand the business and like it. Why would you be in business taking huge risks and don't really understand it? I still work and started my own cleaning biz. So, stash your cash, work a job if you have to and start your own small biz. Don't worry about being 65 or older. And yes, take care of your body. You'll be happier and healthier.
Any questions, just email me.
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