2. Retirement savings
Retirement savings is a lubricant that polishes your “desirable standard of living” after retirement.
You might think it is too early to save up for your retirement. How wrong. It is never a bad idea to start early. Apart from monthly pension savings which is compulsory under the law, also set something aside every month, no matter how small, for the day you call it quits.
If you want to retire at the age of 50 and live a comfortable life afterwards, you should dedicate an account for your retirement days.
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