Only a few have thought about this living on interest means instead of working double during retirement, live on the interest. Let the money work for you. It is not good to see retired still working hard for survival. There might be countries whose pension during retirement is not enough for their food and medicine, Once we retire, our health deteriorates and our income is also on static. It no longer has disputes to increase, but rather the maintaining amount one must endure. It is so painful to see old people relying only on their children which is why the children would argue with each other as to who will be the next to take care of their parents' daily consumption or needs.
In my country, there are two types of saving money for retirement, the Social Security System ( SSS) and the Government System Insurance System ( GSIS) The SSS is a private corporation after which, only private employees can save their retirement program thru payroll deduction and their company would remit to SSS office the contributions of the individual employee. Those civilians or those having businesses could also pay their monthly premiums to SSS as self-paying individuals. If their monthly premium is too small, there is a tendency that their pension would also be small, unless pay bigger to have a sufficient monthly pension for life. GSIS system is intended only for all employees who work in a company, schools, colleges, universities, and establishments owned by the local and national government. These employees receive better pensions during retirement for they are deducted more than those under private offices, companies, schools, colleges, and universities.
That is why they defined SSS as living on LOSS, adding one S and inserting the letter L to mean LIVING ON LOSS. So how will these people have the chance to live on interest? Those people who worked and retired in a private company? Their salaries are also not enough for the family, therefore they cannot save. The best thing to do is to save regardless of the payment received and apply Rule 72 of Albert Einstein to know when your money doubles. There s a chance e for everyone to live on interest because Rule 72 of Einstein makes you a millionaire according to the expected years and according to your age. What can you suggest about the way how one can live on interest and not live on loss?
In my country, there are two types of saving money for retirement, the Social Security System ( SSS) and the Government System Insurance System ( GSIS) The SSS is a private corporation after which, only private employees can save their retirement program thru payroll deduction and their company would remit to SSS office the contributions of the individual employee. Those civilians or those having businesses could also pay their monthly premiums to SSS as self-paying individuals. If their monthly premium is too small, there is a tendency that their pension would also be small, unless pay bigger to have a sufficient monthly pension for life. GSIS system is intended only for all employees who work in a company, schools, colleges, universities, and establishments owned by the local and national government. These employees receive better pensions during retirement for they are deducted more than those under private offices, companies, schools, colleges, and universities.
That is why they defined SSS as living on LOSS, adding one S and inserting the letter L to mean LIVING ON LOSS. So how will these people have the chance to live on interest? Those people who worked and retired in a private company? Their salaries are also not enough for the family, therefore they cannot save. The best thing to do is to save regardless of the payment received and apply Rule 72 of Albert Einstein to know when your money doubles. There s a chance e for everyone to live on interest because Rule 72 of Einstein makes you a millionaire according to the expected years and according to your age. What can you suggest about the way how one can live on interest and not live on loss?
