Now, you are wise, and you see a few people who are also living well on pensions, and you may think that my description is too negative, but you must not be fooled. From about 2020 onwards, we will experience a completely different era from the present. Anyone can clearly see with a few simple calculations - you can no longer continue to rely on our country's pensions.
The pension plan will not be able to cover the pension that is due to be paid. People are living longer, health insurance is getting more expensive – who is going to pay for that?
There is no Joseph who suddenly opens a huge barn ** everything, and there is no such barn in the world. We have moved from the industrial age to the information age. One of the effects of this is that few people realise that we have to pay our own pensions. Those who retire in 20 years or more need to plan ahead now and don't turn their retirement year into a wasted year. This should have been clear a long time ago, people should have been told, but accusations are not very helpful to us now. We have to build our own barn and become our own finance minister. We have to take responsibility for ourselves.
Winners and losers.
Do you also feel that the injustice in this world is unbearable?It's easy to get caught up in thinking and asking the question of "why" that we love the most. As written in Chapter 2, asking "why" isn't always helpful for you. It likes to seek justification. Justifications are often used as excuses. As a result, thinking about the "why" often prevents you from taking action.
Huge changes always distinguish between winners and losers. There is always a huge injustice. But it is futile to think about it, and thinking does not change our situation.
In today's information age, losers are those who continue to be dependent on the state and their employers, and winners are those who take responsibility themselves. This is a society of victims and a society of those responsible. Those who see themselves as victims continue to rely on the promises of the past, which can never be fulfilled today. But they are still dependent on the state and their employers.
Those who take responsibility cannot tolerate that their fate depends on the promise of others. They took Goethe's proverb to heart: There is only one thing you can expect: the unexpected. They see self-preparation as their responsibility.
Hardships often begin long before retirement.
We'll begin to experience another impact of relationship change sooner: there is hardly a lifetime of iron jobs left today. Today, many people are experiencing their "7 famine years" many years before they retire. Because they didn't save 20% in a good year.
Why is this happening?All of us tend to fall into two delusions.
The first delusion, we think, is that if the economy prospers, it will prosper forever. If we have been earning well, we will expect to earn more soon. But as my coach always emphasized: lean cows tend to emerge sooner than expected.
The second delusion is that we often fail to recognize a good year. It is only when the famine year comes in that we realize how well we have lived before. How many people mistakenly believe that a good year is yet to come, and postpone their plans to save and invest?
Reality. Most people save too little money. They live in a shiny house or apartment, drive a good car, and have the best TV or stereo. They have nothing but a loan agreement, a tiny life insurance policy, and a fragile savings account. They have fallen victim to two delusions. And those who only save and don't invest are not real financial managers. Many people put their money into a financial project and then ignore it, in which case, it is impossible to grow money properly. Still others confuse the concepts of speculation and investment, and there is a huge difference between the two.