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Does ageing has effect on making money.
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[QUOTE="Phantasm, post: 332203, member: 94599"] Depending on certain factors, such as practice, occupational progress, self-employment, investment, health status, working abilities, market dynamics and financial scheduling; aging can greatly alter ones’ money generating capacity. As people grow older they acquire invaluable knowledge that could increase their worthiness in the job market hence leading to higher incomes. Income streams may also be positively influenced by career growth. On the other hand business activities and entrepreneurship can act as a platform for wealth creation while savings in form of investments and retirement plans could have profound effects on the finances of an individual. Health conditions and ability to work are other income generation scope determinants. Furthermore one has to remain updated with current industrial trends and technology for competitiveness in business and money making. Retirement security can also be guaranteed through social security benefits as well as pensions. Thus it is important to take into consideration factors such as living costs and housing decisions while determining level of expenditure that will eventually affect financial stability. Probably continuous learning and skill development would still enable one to remain relevant in the labor market especially during old age. Lastly, financial planning is crucial for both active income generation processes and retirement purposes. [/QUOTE]
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