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Millennials: Let’s Grab a Beer, Burger and a Movie. In 2064
May 05, 2014 at 19:00 PM EDT
Asking a 25-year old to save money for his 75-year old future self is like asking him to give money to a stranger. But if you put the future in more relatable terms – like the price of beer, burger and movies – saving may start to make sense. Let’s say you’re 25. Close your eyes for a moment and try to imagine what it would be like to be 75. You couldn’t do it, could you? What you may not realize is that when your parents were 25, they also couldn’t imagine being whatever age they happen to be today. That’s why asking you to save money for your retirement is like asking you to give money to a stranger. So let’s think about this in a different way. Start by assuming that you will enjoy pretty much the same things 50 years from now that you do today. […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Asking a 25-year old to save money for his 75-year old future self is like asking him to give money to a stranger. But if you put the future in more relatable terms – like the price of beer, burger and movies – saving may start to make sense. Let’s say you’re 25. Close your eyes for a moment and try to imagine what it would be like to be 75. You couldn’t do it, could you? What you may not realize is that when your parents were 25, they also couldn’t imagine being whatever age they happen to be today. That’s why asking you to save money for your retirement is like asking you to give money to a stranger. So let’s think about this in a different way. Start by assuming that you will enjoy pretty much the same things 50 years from now that you do today. […]
