Carpon
Valued Contributor
As a worker who knows that he or she will one day retire, there are some things that you should place as priority and putting them in place is very necessary for you to be able to live a comfortable life even after when you retire.
✓ One is a source of cash. When you retire, you stop being paid and so you need an alternative source of cash. Without this, you will become stranded and unable to take care of yourself or your family and that necessitates this. It could be a business you run or some other sort of passive income you have.
✓ Also, you need an emergency fund or a life long saving. This could be money saved in cash, investments made, liquidities purchased and etc. You need this Incase if incidents that are unforseen and unavoidable after you retire.
These are very important for your basic well being and to make sure you live a good life when you stop working.
✓ One is a source of cash. When you retire, you stop being paid and so you need an alternative source of cash. Without this, you will become stranded and unable to take care of yourself or your family and that necessitates this. It could be a business you run or some other sort of passive income you have.
✓ Also, you need an emergency fund or a life long saving. This could be money saved in cash, investments made, liquidities purchased and etc. You need this Incase if incidents that are unforseen and unavoidable after you retire.
These are very important for your basic well being and to make sure you live a good life when you stop working.