The Problem With Retirement Funds...
The other day I had a really interesting conversation with a colleague of mine. Just for your information he's from France. But really, money has no respector of race, country or even age. If you're still wondering why you're working so hard right now, it's easy to say that you're trying to make a living.
Honestly... do you have a retirement fund ?
I'm not kidding you I have my own retirement fund planned out already and I'm just 27 years old. I was really reading on a very good book by David Bach titled "The Automatic Millionaire". More about that next time. You see there is a grave problem with retirement fund planning today even the government is involved in this scheme (in not such an effective manner sometimes..).
What I found out from my colleague was that in today's generation for every 100 people in France. There is 70 people who are in the lower income bracket and 30 people from the middle class to higher income bracket. The government knew that people age and when they get old, senior citizens would need some kind of financial support due to the inability of elders to work more efficiently with an aging body.
So, they created a retirement fund.
This is the basic idea of what happens. The tax paid by the (working) people and to the government retirement fund is actually routed to another special fund to give back to the senior citizens. This means that there is a certain flow of money.
The problem is that the government knows that there are more lower income earners than there are high income earners. So, they "spoon-feed" these group by giving them special funding. That would mean the poor is 'dependant' on the government more and more.
So, really retirement funds were made to sustain us in old age. Why not start your own retirement funds (independant from the government now..)?
How do we solve this problem ?
The entrepreneurs are the capitalists, they bring new job offers into the marketplace and increase the availability of services and job supply. Honestly, tax is just meant for the government to get a piece of the pie.
Leaders come forth from these group and if you are still reading this, then you were meant to be a leader and an entrepreneur. They already started their retirement funds the moment they started a business. A business grows overtime and it too drives the economic factor of a country.
Start making that decision to step forth and take control of your retirement foundation today. A strong house is only as strong as it's base. In the next posts I'll talk more about how to retire early with a good system.
P.S. : To find out more on how to be an entrepreneur completely online, Click Here.
Honestly... do you have a retirement fund ?
I'm not kidding you I have my own retirement fund planned out already and I'm just 27 years old. I was really reading on a very good book by David Bach titled "The Automatic Millionaire". More about that next time. You see there is a grave problem with retirement fund planning today even the government is involved in this scheme (in not such an effective manner sometimes..).
What I found out from my colleague was that in today's generation for every 100 people in France. There is 70 people who are in the lower income bracket and 30 people from the middle class to higher income bracket. The government knew that people age and when they get old, senior citizens would need some kind of financial support due to the inability of elders to work more efficiently with an aging body.
So, they created a retirement fund.
This is the basic idea of what happens. The tax paid by the (working) people and to the government retirement fund is actually routed to another special fund to give back to the senior citizens. This means that there is a certain flow of money.
The problem is that the government knows that there are more lower income earners than there are high income earners. So, they "spoon-feed" these group by giving them special funding. That would mean the poor is 'dependant' on the government more and more.
So, really retirement funds were made to sustain us in old age. Why not start your own retirement funds (independant from the government now..)?
How do we solve this problem ?
The entrepreneurs are the capitalists, they bring new job offers into the marketplace and increase the availability of services and job supply. Honestly, tax is just meant for the government to get a piece of the pie.
Leaders come forth from these group and if you are still reading this, then you were meant to be a leader and an entrepreneur. They already started their retirement funds the moment they started a business. A business grows overtime and it too drives the economic factor of a country.
Start making that decision to step forth and take control of your retirement foundation today. A strong house is only as strong as it's base. In the next posts I'll talk more about how to retire early with a good system.
P.S. : To find out more on how to be an entrepreneur completely online, Click Here.
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posted by Vern How at 4:20 PM
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