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How about saving for retirement with BCH?

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Written by   83
1 month ago

In country like mine, where workers work so hard that they usually don't have time for their families and themselves but earn very little, so little that they still find it hard to survive without taking loans, it's obviously difficult to save for retirement. What most of these salary earners get per month is so low that it barely survive them for 2 weeks. Therefore, they usually go extra mile of doing other side huslings just so, they can sustain themselves and their families.

Importance of Saving for retirement

The importance of saving for retirement is never to be underestimated as it has the potential of rescuing one from the danger of falling really deep into abject poverty situation after retirement. Some people retire at early age maybe, because they entered into the labour force very early. For these group of individuals, they still have the energy and opportunity to make something out of life even without any saving. But what of those that retires at old age when they can no longer walk erect not to talk of taking up a job or entering into any kind of business? It is what they saved before retirement that will sustain them at this point. Notwithstanding, it's best for everyone to fully prepare ahead of retirement.

If it will interest you to know, I have an uncle who worked in a foreign manufacturing company. He earned what was to be considered 'enough' for him and his family at that time. But the mistake he made was not thinking of how to save and prepare ahead of his retirement. The company policy did not put their workers on pension after retirement. His frustration, regrets and general state after retirement was nothing to write home about.

Many people actually have this taught; the taught of saving for retirement but they feel it's too difficult to do or they don't have any idea on how to go about it. I don't have any professional advice to give on saving but I'm proud to say that say that I'm aware of the fundamentals and the disciplinary measures one needs to observe in order to successfully prepare and start saving for retirement no matter how little you earn.

What you need to be able to save for retirement

Determination

The basic thing one needs to successfully prepare ahead of retirement is determination. You need to set a goal for yourself and then make sure you work towards achieving it. You need to actually have a full imagination of what you want your life after retirement to look like. By so doing, you Will gain the motivation you need to make your dream a reality. When you are making new year or month resolution, don't forget to include the goal you have set for yourself in it. Have a targeted amount you would like to save for retirement in a year and you might end up hitting it.

Discipline

The other important thing is discipline. You cannot and will never achieve anything without the necessary discipline. Saving for retirement is a very easy thing to do, you just need to have the right concept. You can not say you want to save for retirement but you keep spending lavishly. That would be wishing without action.

Minimize expenses

Just like any other saving, for you to be successful and save more for retirement, you need to minimize your cost of living. Don't increase your expenses because your salary was increased. Reduce the amount you spend on things that are not too essential like outing with family, vacation and the rest. You also need to have a budget and make sure you live by it. If you really care about the future and the life you want to have after retirement, then you will not find it difficult to follow these basic rules that are to help you in your journey.

Saving for retirement with Bitcoincash (BCH).

There are several saving options available and things to invest in. And this now brings us to the topic which is saving for retirement with Bitcoincash (BCH). Like I said earlier, I'm not a professional so, you don't have to take my words for it but I invite you to see reasons with me as to why BCH investment would be one of the best options you would take when saving for your retirement.

Digital currencies are really dominating and many people are becoming aware of their numerous advantages over Fiat like decentralization and peer-peer function. Bitcoincash happens to be one of these digital currencies and an outstanding one at that. It's very reliable with a great upward potential when you think of long term investment. The amazing thing about it now is, it is still very affordable and have numbers of advantages over other cryptocurrencies. It has an amazing speed of transaction, almost unnoticeable fee and complete decentralization.

The advantages of saving for retirement with Bitcoincash

Zero centralization

For someone who is earning very little salary, you have an advantage with Bitcoincash in the sense that, no one detects for you how much to invest per time, how many times to invest in a particular period or which time of the day to do your investment. You have all the freedom in the world with Bitcoincash because you will be in full control of your wallet.

What if something happens that you need your money urgently? Even in the middle of the night, you can access your funds because you have the key to your wallet. You don't have to join a queue or make series of calls before accessing your fund.

Upward potential and possible high returns

I know you would love the idea of making profits from your savings without staking it right?

For a Long term storage of bitcoincash, you are capable of yielding high return from your savings. I talked about the upward potential above right? While your bitcoincash is lying there in your wallet waiting for your retirement, it is being affected by the volatility of the crypto market. But the good news is that, there is no doubt that BCH price will explode in the nearest future. What if you were only able to buy upto 1BCH during the time you were saving for retirement when the price was between $400 and $500 but after retirement you find out that the price is $10,000 or even $30,000 like many have predicted? That would be a milestone of an achievement right? Now, go make it happen and don't let the opportunity pass you by.

Micro Saving

You can actually run a piggy bank or micro saving system with BCH. There are exchanges where you can buy as low as $1 worth of Bitcoincash per time and transfer it to your wallet without any much fee.

So, don't let the complaints of little earning hold you back from securing your future with BCH!

______________________

I have also written about securing a crypto portfolio for your kids. It might interest you to read.

I'm also running a fun campaign about BCH called 'The Double Pay Campaign' which I have reported on the results of the first attempt already. Do check it out.

Thanks.

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Written by   83
1 month ago
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Comments

I love the idea of saving BCH for retirement. I'm only 21 now and retirement is like 20-30 years from now. I am saving BCH as much as I can and I hope I will be able to live with no worries when the time comes. Sorry for the late comment tho. 😅

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1 month ago

That's true

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1 month ago

Send money

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1 month ago

Exactly my thinking about saving, and well written!

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1 month ago

Thanks. I'm happy to be having same thoughts with you.

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1 month ago

This is a very good idea. I even want to save some for Christmas 😁

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1 month ago

Hahaha. You can start doing that now so, you can buy yourself that magnificent dress😄😄. BCH can be saved and used for anything!👌

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1 month ago

Lol .i don't even wear a dress 🤣🤣 Am inlove with BCH. That's it , 😅🤣

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1 month ago

Oh.. my bad. Keep loving BCH❤️

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1 month ago

great well written piece.

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1 month ago

Thanks man!

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1 month ago