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Do you want to live in poverty for 20-25 years?

January 13, 2008

With a high probability your life expectancy lies between 85 and 90 years. Therefore after your retirement you will enjoy your unique being on this earth for another 20-25 years; and you will want to do something reasonable. Think about how you want to live your life in the future after 65. If you are careless, you will have a bitter life! Calculate the success of your new strategy!

10 tips for clever people who do not earn a lot of money:

  1. Nowadays cars have a minimum life time of 15-20 years and up to 500′000 km. Therefore drive your new car for at least 8-12 years, and orient yourself at a sales price 10-20% less than desired. Save an average of 50-100€ per month in the long run!
  2. Whenever I go out door, mostly it costs me money. Nearly all people outdoor, not at home, spontaneously spend money. At least during 14-16 hours every day I am prone to spend money, especially calling with my cell phone. Therefore I think about when and what I want to talk about or to listen to before and during calling. Analyze now your spontaneous expenses in a monthly overview! Is that necessary and meaningful? Save 30€ per month!
  3. I reduce my consumption of meat up to 20-30%. The steak for example may then be only 130-150 gr., and not anymore 180-250 gr. How much chicken do I have to eat every year? Sometimes I renounce eating meat altogether and instead enjoy fish much more (especially from fish farms), or I simply eat varied salads. How much money do I save with that? Save 30€ per month!
  4. I strongly watch the use of electricity, gas, water, and heating with all kind of measures. This makes a saving of 15-20% per year. How much is this in cash? Save 30€ per month!
  5. I drive 20% less with the car. In 3 out of 5 situations I accelerate a bit less, and drive more consciously regulating the speed. I save 20% petrol money and 20% service costs per year. How much money is that in a year? Save 30-50€ per month!
  6. I drink at least 20% less alcohol. I take less medicine (against pain, constipation, sleeping disorder, etc.) and therefore also 20% less. I use detergent and cleaning agents reasonably and I also save 20%. And this produces a saving per year of how much? Save 30€ per month!
  7. The fight against smoking addiction is certainly useful. But you can also see it the following way: reduce your smoking consumption by 20%, later 30%, and finally 50%. You save a lot of money! And this can’t damage your health. Save 30€ per month!
  8. How much money can you save during a year if you respect a minimum life rhythm for the week days and weekend? Start the day with calmness and without hurry. Meditate 15 minutes after getting up or after breakfast. Get up 15 minutes earlier for that. This has effects on your well being, your health (expenses for medical help), and also effects on the use of money. Save 30€ per month dealing directly with money!
  9. You live with a partner: Talking is very important every day. Review each month with the partner how living together was. And discuss all income and expenses. Analyze where and how a reasonable management of money is appropriate, in case it can be improved. In any way this pays off. Save 30€ per month where nobody sees it!
  10. After your day, take 15 minutes to meditate and go over the day. You can learn a lot about yourself and your way of dealing with money. Again, save another 30€ per month!

In total you can easily save 200-400€ each month. In a year this can be a total of 2400-4800€. In 10 years you can save 24′000-48′000€. How much do you save until your retirement, if today you are 30 (35, 40, 45) years old? Even if with a small income each month, you can save only 30, 50 or 100€, you save in 20, 25, 30, 35 years … how much?

This way of dealing with money does not correspond with our zeitgeist! Do you think this is constrained? Then, simply imagine that when you reach your retirement you haven’t saved a cent and you have to live for 20-25 years off of your standard retirement provisions! You will be constrained from 65 onwards and your daily life will be very bitter! Therefore: start saving money! If you are in unemployment, mobilize all your energies and change with complete decisiveness as fast as possible your whole life to get a job - no matter where or what! Better you go low for a while now, than stay low for 20-25 years once you are 65.

This is called rethinking! This is also an adjustment of values. For a long good life! Because it is stupid not to think about the future! And the motives for this pure-blind thinking are very shameful!

Written by Dr. Ed · Filed Under Society & Zeitgeist 

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