Retirement Plan!! Timeshares!! What do the MZ generations think?
I was recently approached by an insurance agent to increase medical coverage in the aftermath of the effect of the pandemic fear to 5 million (you can translate into your own currency). What would be your response? The thought that dawned on me then, was, 'if I need to go through a treatment that will cost 5 million, I will ask God to take me home'. Most retirement plans out there would suggest: 1. Reassess the present situation and set new goals which include assessing present savings and debts, estimating future income generation capability, and desired future lifestyle. 2. Revaluate a new budget in anticipation of increased income, inflated spending, impulse big purchases, and saving more for contingency. 3. Re-strategise your income, to include passive income, and through investments and up-skilling. How much is enough, before I wasted the joy of my youth away while accumulating? This flow of thoughts led me to consider the formerly popular but presently re-emergin...