Building My Future - The New Plan

It was January 20, 2018, when I registered to this blockchain. It's been a nice and fun experience, that have resulted in learning a lot, meeting interesting people and also in accumulating some funds. This is like a safety blanket for me, for rainy days but I feel like it's not enough, I have to do more to secure my future.

Retirement?

One of the things we're all worried about is securing out future financially. Living comfortably for the rest of our lives, without having to worry about making ends meet is the goal we're working towards.

Contributing to the retirement fund is a must in my country, if you're employed or have a business. It's mandatory, skipping it has consequences. So based on this you may say we're secured but the truth is far from that.

Funds are managed by the government and pensions are indexed from time to time, they say based on inflation, but the truth is, it has become a tool in politician's hand, a powerful one. Before every election there are promises made, then after the elections those affected are told that there are no funds. This has been going on for years and the result is that after working your whole life and contributing to the fund, you get a sh*tty pension that can't cover much.

Photo by Obi Onyeador on Unsplash

I'm Setting Up My Retirement Fund In BTC

When you're young, you couldn't care less about retirement, all that matters is the present. Then life happens, family, kids and all the expenses that come with it, so retirement is again far, or there is no possibility to save for that. Then one day you wake up and it's too late.

Although the age of retirement is still far for me, I want to start securing my future now. I have my HIVE stake, investments in LBI, CL and CUB DeFi, plus I'm holding some other crypto assets as well, I'd like to secure some funds on a monthly bases.

So besides my long term wallet, spot wallet and cash wallet, I'm going to set up a retirement wallet as well, that will work only one way. Adding to it will be the only way. I'm not going to touch those funds till I reach the retirement age.

I still have to work out how much I'm going to add and where those funds can come from, but I'm thinking of building it up with BTC and ETH. Also I'm thinking of putting those funds to good use but obviously safety comes first.

Why BTC And ETH?

We're always talking about how much one day BTC and/or ETH is going to be. Hodling seems to be the best investment, history proves it. If you look at the charts, you can see that even though we've had a huge correction, those who got in early are still in a huge profit and if we reach the ATH again, or we get to $120k or higher, as some or almost every analyst predicts, BTC and ETH is the best store of value. Local currency can't compete with crypto, no matter what country you live in.

I'm very determined to make this work. A good plan is needed with every detail worked out and then I need to stick to it. I'm ok with living a frugal life now in order to be able to accumulate enough to secure my future.

What about you? Do you have a plan for your old days?

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