Wednesday, November 08, 2006

Living the dream!

No! This is no inspirational enthusiastic story on how to live life! It is one of my assigments here. Yes, yes assignments do get interesting once in a while.

Living the dream- Dream a dream tour for yourself. Assume that you are going to retire in fifteen years and then calculate and see if you can afford that from you savings 15 years from now and still live the same lifestyle as you are now.

I took it for granted that I would have sufficient money. I was in for a surprise. Calculations showed that I would be left with an abysmal amount of money after my dream tour! Of course to make things look good on the excel I made adjustments so that i would be left with enough dough for a living later on. But the assignment has left me thinking about how I should channel my money. It is hard to imagine that after working and standing on your own for a long time, retirement hits you hard!

Gotta watch out! Investments,savings et all. Traders here I come!