By Yeldi on August 31, 2017
How to retire like a Rockstar!
1. Try to manage with only 30% of your earnings
Save the other 70%. Bring down the number of trips to restaurants, movies, coffee shops, excessive clothing and unnecessary materialistic items. Re-evaluate your lifestyle & slowly shift towards a minimalistic life. You might feel poor to begin with, but guess who will be laughing all the way to the bank in the end.
2. Don’t put all your eggs in one basket.
Diversify your portfolio. Invest wisely after discussing it with your auditor or financial consultant.
3. Don’t carry huge debts
Finish paying all your loans (house, education etc.) by the time you are in your 40s. Enjoy the rest of your years in comfort and with peace of mind.
4. Health is Wealth
Do not underestimate the costs taken for healthcare. Take care not to let all your savings drip into hospital bills and medicines. Exercise regularly, reduce stress levels and eat healthy, home cooked food.
5. Move to a more economical city
Move to a more economical city or into a smaller house. Live comfortably but live judiciously. Try not to keep up with the joneses! Keeping the focus on oneself and what is right for your family will make life smoother in the long run.
6. There is no shame in discounts & coupon cuttings
Keeping a keen lookout for genuine sales and discounts will help you save small amounts that can be used for a treat at the end of the month. Companies like Yeldi Softcom offer from 5% to 50% monthly Recash on the 27th of every month when you tap their NFC card to purchase groceries, at salons and even when you travel on the Metro rail.
7. There is more to retirement than just money
Plan well. Invest in your financial education so that you can take the right decisions to retire in comfort. But also learn to have fun!
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