Another Beginning of the Whiteaura

Most of us will get a chance to manage over millions of dollars in our life time. Suppose our monthly salary is $2500. One year we'll have $30k inflow into our bank account. And taking retirement age to be 65 and entering workforce at 22, we have $1.29 millions inflow to our account. Of coz, I did not take into account income tax, inflation etc. However, I also did not take into account yearly bonuses, yearly increment, performance bonuses etc.

Comes to my point. If there are millions of dollars inflow to our account, why is it that many people have less than $200k in their bank after retirement? Where does the bulk of that one million goes to?

We cannot control our salary to a certain extend. However we can always control our expenditures. Of coz, we need to eat, shit, bath and all these costs money. But I suppose we can eat at home or in hawker centre instead of restaurant, use cheaper toilet paper, or use less water to bath. If u have $1.29 million and u spend $290000 on expenditure, u still have $1 million. If you spend $1 mil, u only have $290000 in ur bank.

Another thing people often say is life is short, enjoy life. That is the assumption that ur life is short. What if u can't die and live a long life?

posted by Whiteaura II @ 7:21 PM