Seniors, Are Your Personal Finances Keeping You from Retiring, If So, Think of Need Not Greed

Folks can say what they will or may about our Federal Government, but if it goes under, their will be no more America.

I have been retired for more than ten years and during that time, I have not worked any place. I did not wait until I was in my fifties before thinking of retirement. I was thinking of retirement in my twenties. My personal finances were always a top priority for me.

Get rich schemes from various companies were forever present during my employment years. In order to live comfortably during retirement, I would need more than three times my salary.

For some reason, this never made any sense to me. Why would I need three time my salary when I get old? I could fish all day and spend nothing.

Regardless of what folks may say, I find, as I get older I can actually survive on less. The key to my successfully retirement was based on how much I would need to survive, not greed. It was not my intention to acquire wealth. My late mother once told me that as long as I have enough money to pay all the bills and provide for other daily necessities, you are a wealthy man.

While many folks invested their money in various get rich ventures, I invested my money in government annuities. No, the interest rates were not as high as many others, but I felt secure and knew it would always be there.

When the recent recession hit us, many folks were crying about how much money they lost. Not me, I did not lose one thin dime. On Wall Street today greed more so than need is the driving force. Why should I invest my money with someone who makes billions of dollars watching it?

It was always important for me to maintain an excellent credit rating, which I always did. This translated into paying lower interest rates on borrowed items. This meant greater savings.

In closing, I have been fortunate enough to acquire enough savings to take that special trip whenever I want to. Moreover, for the rest of my life I will receive an annuity check from the Federal Government.

 


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