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WHY YOU NEED TO LEARN TO INVEST WHEN BABY BOOMERS RETIRE | ||
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"People need to get themselves financially educated to survive the next crash as the baby boomers retire."
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Sean is encouraging you to start learning about investing and taking control of your financial destiny. As 70 Million baby boomers are set to retire over the next few years. Many of them will not be able to maintain their lifestyle no matter where they live. "What are they going to do if they cannot survive when their bodies force them into retirement or jobs are no longer available?" Sean ask.
But
10 to 15 years from now, millions of baby boomers will retire. Instead
of putting money aside for their old age, they will begin cashing in. It
stands to reason that this will reduce the demand for stocks, real
estates, mutual funds, etc. This is just basic economics, lower demand
means lower prices. Hence, those peaks from markets in real estate,
stock, mutual funds, etc. can no longer be sustainable. A crash will
inevitably happens sooner or later. However, people are choosing to be
ignorance of their financial education and losing control of their
financial destiny as they work harder each day chasing after the rat
race.
He believes that the only solution to financial disasters is to start being responsible for their own financial planning and education is the best solution before they are victims of those "Great Falls" of the bear markets. "They have a choice in their lives! They have to decide if they want an easier life now and experience hardships later or they experiencing hardships now and enjoy the fruits as you learn along in their financial education."
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© 2007 Sean Toh. All rights reserved. Privacy Statement |
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©
2007 Sean Toh. Four Steps To Financial Freedom. All rights reserved.
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