I'm an ordinary person, just 50 years old this year. Like most people, I began to realize the importance of pension money. When people reach middle age, they are no longer as impulsive and blind as when they were young, but they understand more and more that they have food in their hands and do not panic in their hearts. I started to prepare for my later years by saving some money for retirement.
I'm not a rich man, but I know how to be economical. I understand that no matter how much you earn, you need to plan for your future life. I've started to pay more attention to my expenses and avoid unnecessary waste. At the same time, I also realized that I had to be very careful in the use of my pension money.
There are many ways to save, but not all of them are wise. I have met some people who, in order to save a little money, bought rotten vegetables and fruits, but ended up having problems eating and spending a lot of money on medicine. There are also people who are usually reluctant to spend money, but when it comes time to play cards or gamble, they become extravagant. Is this kind of saving really cost-effective?
I've made that mistake before. Once, I saw a store that was on sale, so I bought a bunch of things and went home. As a result, a lot of things are not practical and end up being wasted. Since then, I've learned that saving doesn't mean saving money, it's about spending where you go.
Fifty-year-olds, some of whom may have accumulated a certain amount of wealth and are beginning to think about how to invest. But investment is also a science, and you can't blindly follow the trend. I've seen a lot of people who have lost a lot of money because of failed investments. Especially those who invest all their pension money, once they fail, the consequences are unimaginable.
I've done some small business myself, and although I have made some money, I am also well aware of the risks. So, when it comes to investing, I've always been cautious. I think that at this age, doing some small business is less risky and more suitable for yourself.
As parents, we always want to do something for our children. But sometimes, we need to think about ourselves, too. I've seen a lot of parents give everything for their children's marriage or career. But in the end, I had a very difficult time. Is such selflessness really worth it?
I have children of my own and I want them to have a better life. But I also understand that I can't spend all my pension money on them. I need to save some for myself in case I need them. In this way, even if one day I am old and can no longer work, I will be able to live a basic life.
Now, I'm fifty years old. I understand better that pension money is not only a sum of money, but also a kind of life security. I need to use it sparingly to avoid unnecessary waste and risk. At the same time, I also need to think about myself, and I can't put all my hopes on my children. Only in this way will I be able to live a safe and comfortable old age.