Post
Topic
Board Economics
Re: Is it still possible to retire early?
by
eightdots
on 18/06/2024, 21:29:16 UTC
The annoying thing today is that things are very expensive that even if you are working in a good firm and having a nice people it is not enough for you to work there till you retire without having your own business. In the past people get lucky working for the government especially in the oil and health sector. These workers see no need to do any other work or business because the pay was enough and they did build houses and buy cars and do a lot of things until they are retired and get paid pension. it is difficult to see someone now relying on one source of income, and this is as a result of everyday inflation which has affected the world. 
Working in the government sector with a minimum or maximum salary will not necessarily be enough as a step to prepare for retirement because we have responsibilities for life, health costs, children's schools and so on. Now it is necessary to plan for life in the future and relying on one job with a fixed salary structure will not be enough. Building a business is an option that can be run by anyone as long as they understand what business can grow and people can realize the business with hard work and have the ability to develop.

The life we live is getting harder every day because the price of goods and other necessities will continue to rise while the value of the currency continues to decline. If we rely on one income, how can we possibly send our children to a slightly higher level of education and how can we deal with the economic crisis, inflation and recession that is occurring?

In the past, the salaries of working people provided them with the opportunity to build their future. Most salaries today are just enough to live on until the next salary and not enough to do anything additional. The biggest problem of employees today is their inability to invest for the future.

It is necessary to take steps to start a new business or generate additional income. If a fixed salary is not enough, it is necessary to look for ways to invest for the future. Investing is one of the biggest things you can do for the future.