I am sure most of you are aware what the French President did the other day by changing the pension/retirement age from 62 to 64. This is a big deal and big enough that this should be voted on and discussed. Imagine turning 61 this year thinking looking forward to going on pension next year and now knowing you have 3 more years because of Macron's actions. You have been paying taxes all your life and are entitled to a pension, but only when they say so.
I have never liked earning a monthly paycheck and have always looked to move away from this as I think many don't see what they are capable of. There is risk working for yourself ,but with risk comes reward so your earning potential rises significantly depending on what you do.
This same philosophy applies to crypto as there are no entry barriers as this is open to all. Those protesting around France could easily change their retirement outcome by just getting involved. Why sit back and wait for retirement when it could be up to you when you want to retire and not relying on the State.
Just think you work for a minimum of 41.75 ( France now 43.75) years to receive a minimum of EUR 645 per month state pension. Kind of sucks if you ask me as that is peanuts and not a great deal. The British Pension retirement age is 66 and you would receive around £740 per month if you worked a minimum of 35 years. Terrible umbers considering this is what you have been looking forward to after a full career working and who says those years don't creep up even more as 64 is still young for the French.
5 years ago (tomorrow) I got involved in crypto and have never looked back since. The plan was to eventually have a retirement pension plan created just on crypto more of a back up plan making sure I was not living on dog food or other horror stories I have read over the years. Prices are going up not down so having another income source is not a luxury it is a necessity today.
If I look back over the last 5 years regarding what can be created there is plenty opportunities to earn the extras required in creating a passive income stream. Being able to generate another pension larger than what the State pension is offering is not a major challenge even with the low crypto prices we now see today.
The trick is to get involved first and then to build slowly over time a portfolio that is not only robust, but one that has a future. Why gamble on crypto projects that have question marks hanging over their heads as this is gambling with your future.
I realistically believe anyone who stays focused and active through two crypto cycles will generate more income monthly than what a State can provide monthly. This is only 20% (8 years) of the time compared to 41 plus years. Those who have not researched and got involved only have themselves to blame as the times have most certainly changed.
Looking back it is quite incredible how much value can be generated especially when the prices bounce back up it will be rather significant amounts dwarfing what the various Governments are dishing out. Being involved in crypto for 5 or 10 years can be life changing and expect many will wake up to the various possibilities over the next 5 years out of necessity.
