Today I’m going to share with you what is the factor that you must consider when plan for your retirement.

Ok, like what I said before, now, we will use our income or any money that we have presently to prepare for our retirement. However, different people with different goal (Before Retire) and different demand (after retire) will have different plan(Fight For Retiring) to use their income and money to fight for retiring. Huh… sound complicated? Let’s me make it easy by telling you the Factors that you must considered.

Different Goal (Before Retire)

This section is mostly about your goal and achievement that you want to make in your life. For example, some parents, they want to plan an education plan to support their children until they’re graduate and have the ability to earn income to support themselve. Some people, on the other hand, wish to have their own property, a house, a car, or any other stuff. So if you have your personal goal or any achievement that you want to get in your life, you must include them in your planning. My personal advice is don’t make too much since we do all the things with just an income. Except you own a higher income or you have the ability to make more money.

Different Demand (After Retire)

Ok, like what I said in my post Retire Rich - Retire Math & Calculation, you must clear and know what you want after retire. Different demand will need you to put different money for you retire fund. For me, I want to have a financial freedom life after retiring. I love traveling and I want to spend most of my time doing that, I love my family, so I want to spend more time with my family and I enjoy helping people, so I want help more people! This is why I want to achieve financial freedom. So I must prepare myself and do whatever I must to achieve financial freedom. If possible knowing how much money you need for you dreams is better. Why? By Having a clear goal, you will more easy to success.

Different Plan (Fight For Retiring)

Now is time to talk about action - How we should manage our money so that we can our different goal and different demand before after retiring. There are a lot of financial tools for us to build our plan. Most people think that by putting their money into their 401K plan and saving account because it is more safety. Some people want to invest in stocks and bonds market so that they can make more money. Actually there are no such thing that a plan that is perfect and 100% correct. As long as your plan can support your goals and dreams, then just make and stick to it.

Above is some of my opinions. If you think you have more opinions and have something to say, you can always tell me and I will update this post accordingly.

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