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65 Percent of People Working Now Will End up as Bankrupts at Retirement Age
This is according to one of the speakers at the Money Summit. She says that 65% of the people working now will end up as bankrupts at retirement age because they do not know how to save and invest.
There was even an investment ad saying that only 1% will retire wealthy.
Most people have zero savings. If you do not save your money or invest, you will only keep on working and you may not be able to retire at age 65 because you have nothing. This is okay if you die at 66. But life expectancy is becoming longer. The oldest living person died recently in Japan at age 116.
Think twice as to setting aside part of your money for investment for your future. Exactly how much, you may ask? You can prepare for your retirement with at least Php20,000 PER YEAR! That is only Php56/day. Imagine that! You can prepare for your retirement by missing out a simple snack per day.
Always have your retirement as the end in mind. If you keep procrastinating and delaying on when to invest, you will never start.
Start investing now.
Understand that a day you keep delaying equals one day that you do not earn. The problem is always when to start.
Invest now or else.
