I retired at 46 but I have a government pension so I am secure in the knowledge that I do have an income.
However, I have also ensured I have good savings in case anything goes wrong and I will still have an income if the pension is taken away at some future date.
That said when younger I spent a lot of time travelling the world until the age of 28 when Iknuckled down got a secure job and saved. I still enjoyed my life but always saved at least 15% of my income every week.
Believe you me having financial security is extremely import as one ages and I know of many who wish they did have assets now instead of squandering them living the high life when younger.It would be awful in later years having to watch every cent you spend as many I know now do.
Save for pension or blow out! IIN?
← View full post
I retired at 46 but I have a government pension so I am secure in the knowledge that I do have an income.
However, I have also ensured I have good savings in case anything goes wrong and I will still have an income if the pension is taken away at some future date.
That said when younger I spent a lot of time travelling the world until the age of 28 when Iknuckled down got a secure job and saved. I still enjoyed my life but always saved at least 15% of my income every week.
Believe you me having financial security is extremely import as one ages and I know of many who wish they did have assets now instead of squandering them living the high life when younger.It would be awful in later years having to watch every cent you spend as many I know now do.
I