I'm not yet working, but I know sooner or later, I'll be gainfully employed in an organization. I've visualized how I'd make good use of the opportunity to ensure I still have a well-to-do family and sources of income when I've retired or are too frail to do any work. Most often we learn to make certain decisions from what we see around us and among people who had once worked and are retired now. Some of them made good decisions and some didn't plan their retirement days perfectly, and they end up living with nothing and struggling to survive in their old age.
I understand it's difficult to make proper savings and investment in this economy, but it's still possible if one can cut down some expenses and invest them into something tangible with the prospect of yielding good profit in the future. My step dad, who is retired now , retired with no single savings, no investment, no money to boast about and instead of resting, he still farms to feed. I may not have known why he never planned for retirement, but his indecision to plan for retirement only brought him more trouble and misery and this is why it's important to have a retirement plan.
I've not started working, but monthly I put a certain amount of money into a long term and reliable investment with a bank, and this is from the little I make on hive. I hope to do more of this investment in both crypto and fiat investment, no one knows what the future holds but casting many breads in water may give one a good chance to benefit from both or either of the two. There are certain assets I desire to possess before retirement, these are; A house, land, family, business I own, and a share in some big companies. These aside the crypto investment and fiat investment.
Mentioning family among the list of assets may seem funny but it's also one important aspect that determines how well one would live after retirement. I met a male nurse in a hospital I once worked at. I had gone to the ward alone that day to collect statistics of patients admitted and discharged when we got talking. He told me one thing he regrets in his decisions was that he married late. He was old and it was just a few years to his retirement. He told me his first child is still in primary school , which means he would retire while his son is still in secondary school when he should have been a graduate and probably working. He knew training his child through school after retirement would be difficult for him even if he had investment. Before I left, he advised me to marry early and not suffer the same regret.
So my plans for retirement still include marriage among other things. The earlier you train your children, the earlier they graduate and save one extra cost and probably grow to become independent than still retire on the individual. All these would be duly considered.
@hive-naija community. The contest is still valid for participation