Choose Wisely
Keep in mind there are two ways to use money. One is to live a better life. The other is as a yardstick of success to measure yourself against other people. The first is quiet and personal, the second is loud and performative
People are living longer, which is great, but our savings must last much longer too—healthcare, promising advancements that could extend our lifespans significantly. Most people plan to live beyond their expected retirement age of 65 and are expected to live much longer than even they are expecting, due to these medical innovations.
Internationally public pension systems are also under?strain, these pensions could be depleted significantly by 2034, and payroll taxes will only cover about 79% of benefits, leading to potential cuts in expected pension payouts as well. Perhaps the only solution is to extend the working years.? The earlier you start, the greater the benefits.
The retirement?crisis?is real, and while the solutions might not be easy, neither is your choice to choose…..
Get professional advice
Private Client Advisor / Wealth Manager
5 个月Money can be used as a means to improve one's life and well-being, or as a way to compare oneself to others and measure success. The first approach focuses on personal growth and fulfillment, while the latter can lead to endless comparison and dissatisfaction. By recognizing the difference between these two mindsets, you're choosing a path that values inner happiness and contentment over external validation. That's truly commendable! As the saying goes, "Comparison is the thief of joy." By avoiding the trap of comparing yourself to others and focusing on what truly adds value to your life, you're cultivating a more authentic and fulfilling relationship with money and with yourself. Keep living your life with this wisdom in mind, and may it continue to bring you joy and peace!