The END Of Pensions - Why You Need To Save Yourself!
In this video, I talk with author and economic analyst John Sneisen about the importance of self sustainability and financial responsibility as the pension ponzis throughout the world start crumbling at their foundations.
The the UK Department For Work And Pensions announces that six million middle class workers are not saving enough for retirement. This is a big problem, but when compared to pensions throughout the world, it all fits into the script.
Pension funds are seeing massive shortfalls throughout the world and the reality is, the very entity that wants you in debt and poverty and benefits from such an occurrence is also the same entity behind the pension systems. The banking system and government. It's a massive ponzi scheme and keeps individuals dependent on that said system with some terribly risky bank rather then saving for themselves and being responsible with money.
People need to be self sustainable and financially responsible. People need to put money where they want to put money without the force of the state. Voluntary interactions is the true free market, not government coercion and force tell you you must save money here or there.
People under 30 are very unlikely to ever get their pension. So preparing themselves so they are comfortable later in life is very important.
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I keep telling my folks that pensions will probably cease to exist by the time they retire, or the pensions will pay so little when adjusted for inflation that it will be a pittance, but they are so indoctrinated with the currently system that they refuse to take seriously anything I say.
Real eyes realize real lies!
truth
Remember George Carlin? «And now they're coming for your social security money. They came for your retirement money. They want it back! »
My advice: Follow the yellow brick road to Oz and seek the assistance of the Wizard.
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Scary!
That van down by the river is starting to look pretty good!
I get laughed at by bank employee questioning their deposit security and other issues. I switched to a credit union that don't do derivatives and have a different deposit insurance than banks. Hopefully less likely of a wipe out if things do go south.
I try telling people that it won't be there for them and they don't want to hear it. That's okay. The people I really care about listen to me :).
Wooow this is really a huge problem that is facing the societies financially, and I believe investing in diverse businesses could save anyone who could practice it and commit to it, especially in digital currencies,, too many people got wealthy investing their money in cryptocurrencies.
Personally I invested a small amount of money $200 in digital currencies in the beggining of 2017 now it has been doubled 10 times,, I have now $2k which is a good thing imagine if I was financially able to start with $20k it would be $200k by today,
and I am not a professional trader,, but only investment put money in and let grow.
Cheers
You said it brother. It may be even worse in the U.S. I was raised to believe that you better be saving for retirement by your 30's or earlier. Yet so many people I know refuse to even put 1% into a 401k because they just can't afford it. Their monthly Spotify, Netflix, Vaping, etc. habits are just too important ;)
I'm hoping my crypto investments play out long term, but I'm also investing traditionally!
Great info. I am on a medical pension and this is a really scary thought. Luckily I saved enough maybe just enough to make it, Thanks again
Yes, just ask the clapping soccer moms.
Most people think that they should work work work and then save up until they think they have enough money to last them until they die... I think that's the scariest thing to think about in life.
But why can't we have little "mini" retirements throughout your life? I like the idea of just not working for a solid few years here and there during your life. It'd be way better to do it while you're young and you can enjoy it.
It's a shame that people think the norm is mandatory
Pretty funny. You should have been awake the day they promised you all that crap and put stars in your eyes.
Find a career or projects that you love working on and you will find you don't even want that much vacation time.
That's cuz we're normies. ; )