Sometimes we dream of retiring at 45,50 or 60. But when we reach that age we realise that we dont have the money to retire on or we will just be too bored. Being bored with money is a lot easier than having insufficient and having to work until you die.
Retirement needs funds.
If you want to retire you have to plan your retirement fund, ideally that means starting young. If you are a bit on the mature side dont worry start now and things will get better.
The best advice i can give to anyone is to start a financial freedom fund. You must put aside 10% of whatever you earn in a financial freedom fund. Dont be put off by the term fund - as long as you put some money in a safe place - jar, bank, under the bed, this is a fund. It's a security fund.
This fund can only be used for investment or for starting a business. Otherwise do not touch it.
Always pay yourself first.
This means as soon as you get your salary you must provide for yourself first.
10% to your financial freedom account
50% for your necessities
then sort the rest out.
This is the best advice you will ever get.