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life is cheap Unless you want to retire in a western country, you still have to build up a decent pension. And to reduce costs later, it probably also a good i
by microtonal 4y ago
life is cheap
Unless you want to retire in a western country, you still have to build up a decent pension. And to reduce costs later, it probably also a good idea to buy a house.
- prmoustache 4y agoFor the most part and in most countries, including wealthy ones, people born after 1980 don't really expect to have the luxury of being able to retire at all.
- microtonal 4y agoIf you don't trust the pension system, you can invest your money differently. Buying and paying off a house before reaching retirement age already helps a lot, since it takes away a large future cost factor.
- xupybd 4y agoIf you earn a reasonable amount in any country you can save for retirement. If you start young you can save way more than you need. It will mean buying a house that much cheaper than the best you can afford. You'll probably have to budget so you can keep track of your money. If look at this study https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research https://www.ramseysolutions.com/retirement/the-national-stud... most got wealthy by saving. These are not billionaires but they will have very comfortable retirements.