RE: Investing for Retirement - Timeless Truths
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All my life until my mid 40's I always thought as my parent taught me was to work, pay your debts, and save. Enjoy life when you have the momey for it. Mind you, I was raised in the Azores. 9 islands of Portugal in middle of no where North Atlantic ocean. I was raised in farm skills, and I ahted it growing up, today I miss it and miss my parents very much. RIP mom and dad. That I try to make it back home every summer, not the last few years due to this covid stuff. So it wasn't the value of money, except when selling our farm animals. Food came from the animals we had and crops we grew. We were cash poor, and food and land rich. I don;t mean rich as in millionaires. we still poor lol.
I got to Canada. Took same values my dad taught me for working hard, and saving, and enjoying life. I just didn;t understand the value of money on how your saving pretty much keeps you poor due to inflation and BS taxes we get robbed of. I worked as a carpenter building new homes, and sky scrapers, and just saving and saving and my savings earning me a half a peanut sitting in a savings account. I retired construction at 40 because my ension was WOW, I had to pinch myself. I reired and went crazy for 6 months. Crazy due to boredom. I got a job at the airport deicing aircraft before take off, and I get summers off. I learned about stock market while working at the airport. I took a chunk of my savings and put it into a TFSA (Tax free savings account) where I can invest into companies and earn dividends, growth, and capital gains all tax free. And when I retire I will use my dividend payments hopefully $5K CAD/mth, and no I am no where close to that figure yet, but its growing better than a plain saving account that throws peanuts to the hungry.
Sorry for writing such a long comment. I need t learn to say less lol.
Have a good day bro.
No problem at all. I was raised on a dairy farm and learned more about responsibility and that from that than they ever taught in schools. I always love to learn from other’s experiences. Take care.
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LOL school. School only teaches today on how to be a good obedient slave they call an employee. And they teach to collect the slave dollars and spend it, never on how to use your slave dollars to get out of slavery. School is for morons. I maybe uneducated on a lot of things that are not important, but i am educated on the things that are important. School is for those who are weak and accept slavery because they get the sense that slavery is taking care of them. School can never teach us what our parent teach us.