What’s your plan for retirement ?
The better concept of financial arrangement for retirement is based on point of view of cashflow. Why? Some personal finance magazines may introduce to save more money for retirement, and ignorant of cashflow.
Because to retire with savings may cause a decreasing cash, you feel losing money lesser and lesser. And careful on expenses for travel, food, medical, etc. and not found secured in savings.
While to retire with positive cashflow, say passive income for example house for rent, stock devident, or time savings will give you extra regular cash. After deducted monthly expenses, you may remain much cash that will make you richer and richer before end of life. And you maintain a better quality of life.
Cashflow is something really matters when it comes to retirement planning. Imagine once you start your retirement, how much cashflow you can have every month ? Without passive income, your sit in the situation of negative cashflow. Maybe you could have a stable PHP30,000 monthly cashflow in the future better than 20 Million Pesos savings for your retirement.
That is to bring your rich mindset to smart retirement.
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