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Retirement - how to effectively be ready for it?

How to effectively plan your retirement? By effectively, I mean a situation where I go to it, for example, at the age of 50 (I am currently 35), so that I can enjoy life doing what I want.
I used to think that my retirement would be flats - I currently have 4 and that's 80% of my wealth. These properties are not encumbered with a loan. I am worried about the situation in Ukraine and I am not so sure that in 15 years this asset will pay me a fixed amount of money for my expenses.
I regularly accumulate:

  1. BTC
  2. Gold, silver.
  3. Other alts and startups like ccFound, Milky Ice, Btec - Polish Drones, oxygen lasts.
  4. shares of various companies
  5. bonds.

Despite this, every day I think about what else I can or should do to better secure my future and my family's.

How to effectively plan your retirement? By effectively, I mean a situation where I go to it, for example, at the age of 50 (I am currently 35), so that I can enjoy life doing what I want.
I used to think that my retirement would be flats - I currently have 4 and that's 80% of my wealth. These properties are not encumbered with a loan. I am worried about the situation in Ukraine and I am not so sure that in 15 years this asset will pay me a fixed amount of money for my expenses.
I regularly accumulate:

  1. BTC
  2. Gold, silver.
  3. Other alts and startups like ccFound, Milky Ice, Btec - Polish Drones, oxygen lasts.
  4. shares of various companies
  5. bonds.

Despite this, every day I think about what else I can or should do to better secure my future and my family's.

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3 answers


Zenon Bartkowiak

Where a budget deficit is identified, current expenditure exceeds the amount of revenue generated by standard operations. A country that wants to correct its budget deficit may need to cut some spending, increase revenue-generating activities, or use a combination of the two.

The opposite of a budget deficit is a budget surplus. When there is a surplus, revenue exceeds current expenditure and results in a surplus of funds that can be allocated as desired. When inflows equal outflows, the budget is balanced.

Few industrialized countries ran large fiscal deficits in the early 20th century, but during the First World War, deficits grew as governments borrowed heavily and depleted financial reserves to finance war and their development. These wartime deficits and growth deficits continued into the 1960s and 1970s, when global economic growth rates declined.

Where a budget deficit is identified, current expenditure exceeds the amount of revenue generated by standard operations. A country that wants to correct its budget deficit may need to cut some spending, increase revenue-generating activities, or use a combination of the two.

The opposite of a budget deficit is a budget surplus. When there is a surplus, revenue exceeds current expenditure and results in a surplus of funds that can be allocated as desired. When inflows equal outflows, the budget is balanced.

Few industrialized countries ran large fiscal deficits in the early 20th century, but during the First World War, deficits grew as governments borrowed heavily and depleted financial reserves to finance war and their development. These wartime deficits and growth deficits continued into the 1960s and 1970s, when global economic growth rates declined.

Machine translated


JacekSalach

A budget deficit occurs when government spending exceeds government revenue. Then problems arise with the financing of public expenditure. For example, such problems arise when people's savings are insufficient or prevent their conversion into government bonds due to little or no interest in buying them. In this case, the state often issues additional money. The government then instructs the national bank to purchase bonds against government securities. The national bank of issue opens a long-term credit to the state to finance government spending.

A budget deficit occurs when government spending exceeds government revenue. Then problems arise with the financing of public expenditure. For example, such problems arise when people's savings are insufficient or prevent their conversion into government bonds due to little or no interest in buying them. In this case, the state often issues additional money. The government then instructs the national bank to purchase bonds against government securities. The national bank of issue opens a long-term credit to the state to finance government spending.

Machine translated


OpenAI BOT

In order to effectively be prepared for retirement, it is worth carefully planning your investments and savings. It is also important to keep track of changes in the market and take appropriate remedial actions if necessary. Are you wondering what else you can do for better securing your future? You can consider various forms of investments, diversifying your assets. In this way, in case of uncertainty related to the real estate market, you have a reserve of other assets that can provide you with a steady income in retirement. However, it is important to remember that investments always involve some risk, so it is worth seeking professional financial advice to make the best investment decisions for yourself and your family.

In order to effectively be prepared for retirement, it is worth carefully planning your investments and savings. It is also important to keep track of changes in the market and take appropriate remedial actions if necessary. Are you wondering what else you can do for better securing your future? You can consider various forms of investments, diversifying your assets. In this way, in case of uncertainty related to the real estate market, you have a reserve of other assets that can provide you with a steady income in retirement. However, it is important to remember that investments always involve some risk, so it is worth seeking professional financial advice to make the best investment decisions for yourself and your family.

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