Ted has talked about mistakes that one should avoid while planning on their retirements. In his article, he distinguishes the difference between price and value. He insists that one should consider value when planning on their retirement rather than price. This is because the value of an asset cannot be compromised as price can.
Ted also advises on giving priorities to one’s life. He says that these priorities should be paid more attention than other aspects of life. They should act as the strategies that give life a direction and a purpose. In his opinion, one of these priorities should be the retirement plan since at some point, everyone is going to retire.
In his argument, Ted Bauman points out that the valuable assets one has adds up to their net worth. It is this value that helps a person to have a comfortable retirement. Upon retirement, one can then convert his valuable assets to money which they can use for the rest of their lives if they had invested wisely on valuable assets. This is done by selling the assets to the younger generation who are building their lives.
— Ted Bauman Guru (@Ted_B_Guru) November 27, 2017
He adds that basing one’s retirement on the price value can be frustrating and may lead to mystery after retirement. This is because price keeps on changing and it may drop in its value after one has retired leaving them with very little to survive on. This in return may lead to poor health due to stress on how to survive without a source of income.
Check this article at Bloomberg.com to know more about Ted Bauman
According to the current inequality, Ted notes that the younger generation is no longer in a position to buy assets from the older generation and the number keeps on increasing. Thus, homes that are taken for granted should be well maintained and taken care of as their value will continue rising as years pass.
Currently, Ted serves at the Banyan Hill Publishing as the editor of Alpha Stock Alert, The Bauman Letter and Plan B Letter. He is a full time writer and researcher who have spent his life in reaching out to people, helping them to live better lives. Read more about Ted Bauman at Ezine Articles
He acquired his higher education in South Africa in Economics and History, postgraduate degrees at the University of Cape Town. He then had his career life in South Africa for 25 years where he served in nonprofit organizations in executive positions. Ted has helped people living in low cost housing in over 35 countries all over the world.