A Viable Outlook Into Retirement

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The Need For Awareness


I've asked a lot of people questions that pertains to retirement, and I have more or less gotten the same answer. Public workers in Nigeria are always weary of when the government will dump them. Throughout their stay in public service, they're not driven to own their own businesses and this is because they look forward to when they will cash out massively, and then they will begin to plan how their lives should turn out.

This time or period is when they're deemed too old or no longer efficient to replicate their efforts like they use to many years ago. Due to this inevitable situation, many workers change their age, falsify documents to keep them earning still and in active service. One problem I have with this is that people see retirement as an age, they place the "time" factor to retirement rather than seeing it as differently

I see government paid jobs as a trap, and this is because of the way it positions the mind of their workers towards retirement. These jobs provide a certain kind of mental certainty, in a general sense they're not certain. But these people already calculate 30 to 40 years of being in active salary, with a fat gratuity at the end of it all and this takes away their ability to plan, they're not your regular day-to-day investor.

They want to remain in a particular sector because they're just not innovation enough to embrace the revolution that is changing, commerce, finance and money. To me, retirement should be when a person has enough, not to spend for a particular period. But enough means to be able to enable them plan, replan and continuously plan. A person who hit a jackpot maybe through investment scheme, can decide to sit at home forever and never have to move a muscle again.


Tying Retirement To Circumstances


A lot of People in Nigeria for example are not accustomed to the concept of retiring early in life and that's why they tie the objectives they're trying to meet, actualize or achieve to their age and diverse stages of their lives, making it difficult for them to eventually attain true financial freedom. When it comes to working for private institutions, it's more or less the same issue. I use to talked about working in a private organization and was only able to save about $200 In seven years after paying off bills and debts.

The situation is, When you're not paid enough, there's no way you can think of retirement. People need to have enough, for them to build futuristic purposes on, before the thoughts of retirement would even suffice. However, a lot of people earn, so poorly it sets their mind to the opinion that they'll need to work till they're probably seventy to eventually retire, especially when their bodies can no longer carry time.


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First of all, old age shouldn't be a prerequisite for retirement, many politicians are already old and are still in active service some of these people have worked all their lives they have properties locked away in foreign accounts and due to their insatiability for more wealth, they're more or less doing nothing in political offices while earning constantly for doing nothing.

Truth is, retirement doesn't have to do with not working anymore, all laying in bed for the rest of one's lives, it's about stopping to struggle or working for money from one's own exertions and energy. Most of Nigerian politicians are on retirement in the government houses, because they're more or less doing nothing. They have been retired for almost their lives. Imagine if people began to take retirement seriously.


....Options Like Crypto


This will hasten the need for passive income, people would look beyond their conventional jobs to actually secure a better life for themselves. It's why having multiple streams of income can eventually help one. In reality, options, like crypto, is coming to better the lives of people. Due to Crypto, people can become entrepreneurs in whatever real-time business they choose while still being heavily invested in crypto.

With the sophistication of the internet, people can live healthier and better lives. The mindset that retirement should come when one is old is as a result of lack of opportunities which makes it difficult for people to work towards retiring at any point in time in their lives, having investments in place and living for oneself rather than dedicating their lives to working for private or public organizations.



Interested in some more of my works?


Circumstance Or Self Induced: How Do We Generally Lose People?
Financial Literacy For Beginners & The "Unaware"
Rusty Songs_ (An Original Poetry)
Lessons To Learn As A Potential Nigerian Migrating To Another Country.
Buying Education; Missing Out On Knowledge (Ignoring The internet As An Important Learning Tool) [Part 2]
How Not To Be A Bad Content Creator.


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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers


@Josediccus, your brother-in-pen & heart


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23 comments
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But these people already calculate 30 to 40 years of being in active salary, with a fat gratuity at the end of it all and this takes away their ability to plan, they're not your regular day-to-day investor.

Investor? I am sure that if you ask 10 people (especially workers) on the street (in any country in the world), then most people would not even mention investing. Many people would not invest, even if they would have money.

Just thing about it. How many people have you heard saying things like "if I would win the lottery, then I would buy this and that"?

Most people would simply spend it. And many people would spend it very quickly. They do not even think about investing.

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Just thing about it. How many people have you heard saying things like "if I would win the lottery, then I would buy this and that"?

This is totally true, in reality I often find it very strange, truth is, investing or saving smartly helps people to actually mitigate risks or even take care of emergencies by all means. Nowadays it's a diffrent thing entirely. Anyone can retire anytime if they make the right choices.

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In reality, options, like crypto, is coming to better the lives of people.

I am already planning to lock in HBD and retire, just waiting to watch how the new policy unfolds. If it's allowed, then I will proceed with the decision.

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I think HBD is becoming more stable, though it might take sometime to fully become stable, I think it would have been a very good decisons by you.

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This reminds me of my dad putting in if memory serves me well 28 years of work for the government. Yes his grauity was fat and was actually sustainable to us then but things have changed, the world have evolved.

Crypto, blockchain is here now, the option to work remotely is here. It shouldn't be about age, and like mentioned to you off the chain I am not keen on working my ass off for some job that is not paying well enough to offset the time am supposed be using on Hive.

It's a new world now and we should be open to utilizing it for our benefit.

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Yeah, you made mention of the fact that its a new world and things don't work as they used to. 28 years of time taken. To me, there's no ammount of money the government will offer that will be justifiable. Because time is actually gold. To me, at least I believe time is limited and hence it's gold. As for me, I think I already know how to channel my time and to some extent it should be worth it. Anyone can retire anytime.

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(Edited)

I don't know why people hate investing in every part of the world, maybe because their hard earn money will be locked up in a certain place or maybe they are scared of losing it all.

I have families that have been convincing to invest but they are not listening and it is like I want to force them to lose money.

Too many Nigerians needs orientation about many things and we complained about lack of money and we hate doing the right thing.

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I want to force them to lose money.

They probably don't believe in what you're telling them because they're not inclined enough. The truth is people need to invest and that is the bitter truth still. Depending on what is currently on the ground can be erroneous. Thanks man, for coming through.

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I still think people need to be taught financial education in schools. If we are paying the taxes to fund these schools, they might as well teach those interested in how to generate wealth. Without passive income or assets (that can appreciate), I just don't see how people can retire and learning about compound interest might make them learn about putting a part of their paycheck to the side.

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I still think so too as well. Well if you must know people retire everyday being clueless as to what to do with their money (that is, for those who were actually paid). The system itself isn't even structured enough to teach people in an understandable manner, let alone the educational system teaching financial education

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I agree wholeheartedly. In the military, they required us to take a personal finance course. It was part of the Marine Corps Institute, they had many courses we could take via correspondence to further our education.

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In reality, options, like crypto, is coming to better the lives of people. Due to Crypto, people can become entrepreneurs in whatever real-time business they choose while still being heavily invested in crypto.

You are right about this, but what about the risk involved in investing in crypto. There are huge risk and this is hindering a lot of people from venturing into crypto

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Yes, RISK. even the life we're living is risky. Better to "live" the more viable risk.

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You are right, thank you for responding sir, it meant alot to me

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The governments won't help us so we have to help ourselves to retire!

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Public workers in Nigeria are always tired of when the government will leave them. Throughout their tenure in public service, they are not driven to own their own businesses and this is because they look forward to when they will be massively charged, and then start planning what their lives should be like.

The same thing happens in my ais, the worst that many people have worked all their lives to obtain a good retirement. That it should be a stage of zero worry because you gave your life and dreams to a company to ensure your future ... When in reality retirement comes, it is the worst part of the country due to the different consequences:

  1. The monthly payment of a retiree is $ 1.
  2. Long queue at the bank who go a whole day without eating to receive a pittance.
  3. Money is not enough for food or medicine.
  4. They are treated badly.

These are one of the great consequences that old people experience, apart from malnutrition.

I worked 15 years in a public entity, I resigned thanks to Hive and leofinance, that was more than three years ago, today I have not even received the liquidation that will be a pittance. When I think about my retirement, I must grow my crypto investment to ensure a better future for me and my daughter, since being a single mother in my country is not easy, but thanks to this platform I have come forward ... thank you for sharing your contents I love to read you.

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There are so many people who have worked in places where they have been retired and they don't end up with anything. When retirement is adjujicated by age, then it certainly makes it rather difficult for people to own anything especially when they're old. I know how it feels being a single mother, hopefully crypto will keep coming through for you

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If cryptocurrency from the moment they came into my life has been my lifeline, I am not rich, but I have a bit of economic stability, my daughter did not lack anything ... Leofinance helped me a lot ... I have been absent but it was for Problem that I am still solving does not prevent me from focusing completely ... But I will continue to do my best.

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I agree passive income is less of an option and more of a necessity going into the modern digital age :-)

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