Not Enough To Warrant Saving
Financial Management

Not Enough To Warrant Saving

I was reading an opinion piece when it came to saving money for the future such as when one planned to retire. Essentially, it was expressing how usually when people start saving for the future they only think of the total funds based on what the current cost of living is. Therefore, when you factor in things like inflation those funds that you thought was a lot could end up being miniscule.

For myself, I save money for the most part because I don’t want to just throw away all that time I invested into earning it on just anything. In terms of saving for say an idea of retiring like fifty years later, for me it’s about an investment in that scenario. Basically, working hard now to create something where even at that age I can semi create some kind of income stream to adapt to the current cost of living as necessary.

Unless you are pretty certain you can save up say two million, basically an amount that is absurdly high, I personally don’t think it is satisfactory to just save up such small amounts with the thought that you can just rest and do nothing at that point.

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