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.