Things are finally falling into place, and we’ve moved on from foolish the last to They're all idiots, every last one of them. As the article, written on 20 April 2007, is quite long, we will be publishing it between today and tomorrow. I’ll leave you with «By the time you’re 30, it’s too late.« Or »Take on debt in moderation. It’s your responsibility.”:
Surely we can almost all agree that during our unpredictable lives we should try to accumulate assets that will allow us to reach the end of our lives with a decent financial stability. Growing old, falling ill and dying are unavoidable stages in our lives. Although, if we think about it, we can avoid old age if we die young, and even illness if we die accidentally. But in view of this, I prefer to cling to the hope of growing old and getting sick before I die.
All this in a scenario of financial comfort is more bearable. Especially because of the way you will be treated by those around you if they are waiting for a more or less substantial inheritance. We all have close cases of people who have come to their decline depending on the charity of others, be they family, friends or the State itself. Although I could not say which of these is less reliable, I would venture to establish Friends as the most stable plank to hold on to if one has maintained an honest and noble life trajectory, which is rare.
Most realise this need for financial foresight when it is too late. They rely solely on their ability to produce an income. via The banks kindly see to it that an individual can greedily consume goods far in excess of his or her productive capacity. The banks kindly see to it that an individual can greedily consume goods far in excess of his or her productive capacity. Even beyond what could The state would be able to produce healthy working people until the age of 65 and then be supported by the state. Even in these ideal circumstances, it would never be able to generate as much as the banks can. are The limit of indebtedness should be set by ourselves, not by the companies that live by mortgaging all our time and productivity two times over. The limit of indebtedness should be set by ourselves, not by the companies that live by mortgaging all our time and productivity multiplied by 2. And even so, moderate indebtedness should only be assumed as a depreciable investment and not for the purchase of leisure consumables. You will find some amusing situations in the novel «El vendedor de tiempo» by F. Trías De Bes (http://www.empresaactiva.com), which refer to the aberration of mortgaging one's entire life time for an asset, even if it is one's own home.
It is true that most people never manage to break out of the vicious circle of living at the same rate at which they are able to progress. This condemns them to depend on the income generated by their work throughout their productive lives, and only live off the state in old age, something that is increasingly evident that is not going to happen. succeed them to our generation of 40-somethings and, of course, to future generations. It doesn't matter if we are talking about an office worker with a salary of 25.000 eur/year or a high-earning professional earning over 100,000 eur/year. If they live life to the full and don’t Prevent an accumulation of productive assets over the years, they will always depend on their jobs. And unforeseen events such as work-related problems, marital problems, illnesses, etc., are always will sinkn in hardships from which not everyone will be able to recover. Robert Kiyosaki christened this phenomenon of a «rat race» from which it is not easy to get out of, in his popular book «Rich Dad, Poor Dad». You can find out more about Kiyosaki at http://richdadclub.es But it’s not just a matter of getting out of this rat race but what is truly essential for achieving success is Do it as soon as possible! That’s why I’ve titled this post ‘It’s too late at 30’: (to be continued tomorrow)