Monday, February 9, 2009

Income Replacement

So I am a big believer in saving money for retirment, I don't think Scocial Security will be there for me when I am at that age. But I don't really just want to save up my money and hope the investments stay good the whole time I am retired.

I need to find a way for my money to work for me. I need investments that actually make money, for many people this is a business, like a mechanic, or doctor or something, they basically build up a business their whole life, the when they retire they sell it off to a partner over the course of many years. That would be all great and stuff but Don't know if I have any skills or abilities that people would pay for.

Another is owning apartments or something. Those are great but I don't want to have to deal with broken stuff that you have to fix all the time. I think my best bet is Farm land or simmilar.

Who knows, I know the key to saving is more than just money it is income replacement. Savings is subjet to inflation and market pitfalls.

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