It’s always been important to save for the future, it’s absolutely vital now… …assuming you’re thinking of the occasional luxury, such as eating, putting the heating on, or maybe even driving somewhere 😜
The stock market has plenty of opportunities to earn which I myself took advantage of.I made my first million from going diverse, mainly ETFs(stocks, bonds, etc), coins, and gold.
If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in digital currencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up ..
@@elizabethangus6628 I'm also working on an investment plan that includes NFTs with my advisor, Catherine Ann Setraycic". It's been a year and a half of steady growth, saving for my retirement in 3 years.>
@@younglee-segredo831 I heard an interview where Charlie Munger said most individual investors would do better to buy stocks and never sell. I often think about this in times like today, how can i get to this advisor?
A lot of people will never even begin to think that anything bigger than their 9-5 is possible. State of mind and belief is a very important part of taking that first step towards a person real dreams..
Pension millionaires are normally either one or both of the following: (1) those lucky enough to have a very good defined benefit scheme and (2) those who started working at 16/17 and have built up massive funds over time.
If it includes the value of your property, essentially anyone who bought their home in London is going to be a pension millionaire - but could still have only the state pension to actually live on (if they opted out of pension contributions as an employee). But the people my age (58) that I know who've already fully retired - were amongst the last to get a defined benefit plan, rather than a defined contribution plan that the rest of us have.
Be careful with company pensions . If they nick the money the receiver can't give you anything . Go SIPP in 50 low cost wide index funds or govt backed penion
I think this is old news. Labour were awful in sorting out pensions despite it being one of their key election promisses in 1997. That said, the one good thing Gordon Brown did do was make it illegal (following a few high profile cases) for companies to dip into the company pension fund. Also, when a company goes bust the pension fund is not an asset that can be used to pay off creditors, so it is safe in that way too. Ironically, Brown himself as chancellor had already dipped into everyone's pension funds to the tune of £5bn a year in his very first budget in 1997, discouraging future pension savers by removing some of the tax benefits. There are differeing estimates of how many 100's of billions that has cost pension funds by now.
Would being English British vote Labour party in England Birmingham West Midlands. Yes do Art Bezrukavenko Thomas he help English people England London politically Britain. Did Art Bezrukavenko make difference yes. What is Art Bezrukavenko he super rich Thomas. You have wait to 2024 UK general election politically Thomas. Is Boris Johnson finished yes. Awesome. Excellent channel.
It’s always been important to save for the future, it’s absolutely vital now…
…assuming you’re thinking of the occasional luxury, such as eating, putting the heating on, or maybe even driving somewhere 😜
.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.
The stock market has plenty of
opportunities to earn which I myself took advantage of.I made my first million from going diverse, mainly
ETFs(stocks, bonds, etc), coins, and gold.
If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in digital currencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up ..
@@elizabethangus6628 I'm also
working on an investment plan that includes NFTs with my advisor, Catherine Ann Setraycic". It's been a year and a half of steady growth, saving for my retirement in 3 years.>
@@younglee-segredo831 I heard an interview where Charlie Munger said most individual investors would do better to buy stocks and never sell. I often think about this in times like today, how can i get to this advisor?
@@legilooks she has an official website, you can reach her through there?
A lot of people will never even begin to think that anything bigger than their 9-5 is possible. State of mind and belief is a very important part of taking that first step towards a person real dreams..
.
👏
Pension millionaires are normally either one or both of the following: (1) those lucky enough to have a very good defined benefit scheme and (2) those who started working at 16/17 and have built up massive funds over time.
If it includes the value of your property, essentially anyone who bought their home in London is going to be a pension millionaire - but could still have only the state pension to actually live on (if they opted out of pension contributions as an employee).
But the people my age (58) that I know who've already fully retired - were amongst the last to get a defined benefit plan, rather than a defined contribution plan that the rest of us have.
Interesting how the wealth gap seems to widen as people enter retirement. I never really thought of it like that…
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Be careful with company pensions . If they nick the money the receiver can't give you anything . Go SIPP in 50 low cost wide index funds or govt backed penion
I think this is old news. Labour were awful in sorting out pensions despite it being one of their key election promisses in 1997. That said, the one good thing Gordon Brown did do was make it illegal (following a few high profile cases) for companies to dip into the company pension fund. Also, when a company goes bust the pension fund is not an asset that can be used to pay off creditors, so it is safe in that way too. Ironically, Brown himself as chancellor had already dipped into everyone's pension funds to the tune of £5bn a year in his very first budget in 1997, discouraging future pension savers by removing some of the tax benefits. There are differeing estimates of how many 100's of billions that has cost pension funds by now.
@@Dunk1970 indeed sir
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Hello ,I m expecting 10% on my index fund .I dont know why you have put 6% return?
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Inflation+fee adjusted, and also not overpromising on a video?
With 1 in 5 pensioners being classed as a millionaire - here are some tips so you could become one of them
@Louis76 Thank you!
Would being English British vote Labour party in England Birmingham West Midlands. Yes do Art Bezrukavenko Thomas he help English people England London politically Britain. Did Art Bezrukavenko make difference yes. What is Art Bezrukavenko he super rich Thomas. You have wait to 2024 UK general election politically Thomas. Is Boris Johnson finished yes. Awesome. Excellent channel.
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The ramblings of a mad man
Good content here. Listened with intent. Thanks. 🥸
Thank you