For accumalating enough funds for happy retirement,one needs to be a average earner and good and consistent investor for long term.If one is a good earner but bad investor, his retirement funds may not accumulate to a required amount, sufficient to maintain his current lifestyle, considering effect of inflation.
Good earner and good investor both, that is a golden combination but that is not very common....I have seen many very good earners (mostly doctors ) in my family but they are bad investors and they keep Lakhs of rupees in Bank FD,Bank RD,savings account and they say they have no time for investing properly as they are busy in their professional practice.....but if they spend 2 hours in a week for better investments, they will be much better off in the long term.
An average earner but good and steady investor can accumalate the retirement funds he needs for his happy retirement and beat the inflation by investing small amounts regularly for a long time. In 25-30 years it becomes a large fund which is large even after considering inflation for 30 years.
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