If you’re anything like me, retirement is just around the corner, sneaking up on you. We’ve tried to put it off and pretend that it isn’t there, and everything is going to be just fine once we retire.
Some of us might even have some idealistic dreams about having time for travel or for our hobbies once we retire, but there’s always something missing from those dreams. That something is the money to fulfill them.
Can we be honest for a moment? Most of us really aren’t at all ready for retirement. We’ve ignored all the advice from the investment and retirement gurus and don’t have the million dollars of savings that we’re supposed to have in order to retire.
We’re lucky if we have a few thousand dollars stashed away for a rainy day. Worse than that, we’re in debt up to our eyeballs, after decades of living on 110% of our income.
Let’s look at some of the ways you can help your budget survive retirement!
If you’re reading this article, you’re probably a gold bug, or maybe a gold digger. Either way, you probably don’t know that in 100,000 cellphones there’s about 2.4 kilos of gold to be collected (as in recuperated) by a competent gold digger.
Yes, I know – 100,000 cellphones is quite a lot of old hardware. Besides gold, you’ll also find 25 kilos of silver and more than 900 kilos of copper (that’s almost a metric ton).
The people of India suffered through a difficult December, caused by a sudden action of their government.
On November the 8th, Prime Minister Narendra Modi announced that as of midnight the 500 and 1,000 rupee notes would no longer be valid. As their replacement, the new 500 and 2,000 rupee note didn’t hit circulation until weeks later, it left people in a bind.
There’s a lesson to be learned here; and that is that our money isn’t safe.
Many people talk about a recurring economic crisis in US, and look for means to place their money so their investment won’t become useless once the economy hits the ground. For example, a reader recently wrote:
“I am a fan of Survivopedia and I love your articles. I just read your article “Top 4 Things to do Prior to the Dollar Collapsing” and it is the first thing I have read that is helpful. Everything else is for millionaires to get off shore banking, get lots of gold, buy real estate and on and on. I don’t have that kind of money… only a few thousand dollars as an emergency fund… I am 72. It seems to me it is stupid to hand on to the money if it is worthless. Is there some other means of currency exchange that those in the know are doing instead?”
This is a very good question that Dianne asks. Before answering, let me say that I am not a professional financial counselor; all I am is a man who tries to do his best.
Having said that, the standard in the financial investment community is to put your investors money beside your own, taking the same risks and receiving the same benefits. So, based on that standard, the best I can do is to tell you what I’m doing myself.