22 May '12, 4am
In search of higher income and better standard of living. What’s missing?
We complete our education, find a job/career, start a family, buy a house, and pay off our debts while planning for retirement. However, in this search of climbing the corporate ladder, earning a better income while starting a family, many (NOT all) are in search of higher income. In my opinion, the primary objectives of most family are a higher income and a better standard of living. What I am concerned about is that the improvement in income and a better standard of living does not equate to a proportionate level of savings, investments, retirement funding, protection of future income for future expenses for self, loved ones and dependants. Why is that so? The common reasons are: No money, no worry, no hurry. Hence, the issue is that when they reach pre-retirement, the time factor, health factor, insurability factor may be too little too late…. Read more →