Do you have enough Oxygen to breathe when you retire?

Despite the fact that water is composed of Hydrogen and Oxygen, humans cannot breathe underwater.

We are unable to breathe liquid. Oxygen is useless to our lungs in this liquid form. 💧

📌️ Similarly, making money and managing money are two completely distinct forms. One can be great at making but terrible at managing.

Your money is entirely your responsibility. As a result, either learn and do it yourself (DIY) or outsource to financial planning professionals. 💎

Making money is treated as an active source of income. When you stop working, this will go away. After retirement, or perhaps in the case of early retirement, one must accumulate a sufficient corpus to generate passive income for the rest of one's life.

The absurdity is that we can't assess the need for passive income as long as our active income is adequate to cover our demands. The need arises only when active income dwindles and you are compelled to depend on other passive income sources.

After some time in life, one needs to be free of the pressures of money. This is only possible if you have achieved financial independence that generates a regular stream of cash flow.

⚡ How many people seriously consider obtaining financial independence, which is most critical during their golden years?

Do watch the movie Avtaar (1983, Rajesh Khanna) and Baghban (2003, Amitabh Bachchan) to get a sense of how life can be ruined if you are not financially secure and rely on the next generation.

The harsh reality of life is that if you are financially fit, you can get a bank loan while working and your children will take care of you after you retire. Expect none of these if you are not financially secure. 😒

What are your thoughts on financial stability in retirement?

Make arrangements to obtain pure Oxygen rather than liquid Oxygen! 🔔