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Do You Remember When Pensions Were a Thing?
Do you remember the golden era of pension plans in Canada?
A time when folks went to work, raised their families, and generally enjoyed life without worrying about their retirement, because they had a company pension?
Careful, your answer to those questions will show your age.
Of course I’m being a little cheeky, but it’s true. Most people under 35 or so, don’t remember a time when all the best jobs had pensions. Now contract work, internships, and employee turnover are the norm.
A lot of older folks want to say that the younger generation is lazy, or they can’t keep a job long enough to become a career, but the same incentives aren’t there for them either. Why should anyone spend 20 or 30 years working at a job that gives them nothing when they retire?
That’s why so many younger folks have opted for business ownership. They’ve made a shift in thinking that a whole lot of older folks haven’t. They realize that if they ever want to retire, they have to generate increasing income, and save as much of it as possible, so they can become investors.
Young folks these days don’t have the same ideals of buying one house, paying down the mortgage and living there forever. They want to make a profit off of their investment. Yes it’s a home, but it’s also a means to creating greater wealth for their retirement. Especially since the government, and most employers, aren’t going to do it for them.
It’s this critical shift in thinking that’s making all the difference for families today.
The realization that real estate investing is a way of setting up your own pension plan. A way of generating an asset that not only grows in value year after year, but also creates a monthly income for you later in life.
The best part is, it doesn’t actually take that long, it just takes the right strategy.
Today on the “Investment Property Income” podcast, we’re talking start to finish, how to create your own pension through real estate investing.
Check it out here.
The sky truly is the limit once you get started.
www.guidetothegrind.com
View all episodes
By Jonathan Tillger & Geoff Edie
5
22 ratings
Do you remember the golden era of pension plans in Canada?
A time when folks went to work, raised their families, and generally enjoyed life without worrying about their retirement, because they had a company pension?
Careful, your answer to those questions will show your age.
Of course I’m being a little cheeky, but it’s true. Most people under 35 or so, don’t remember a time when all the best jobs had pensions. Now contract work, internships, and employee turnover are the norm.
A lot of older folks want to say that the younger generation is lazy, or they can’t keep a job long enough to become a career, but the same incentives aren’t there for them either. Why should anyone spend 20 or 30 years working at a job that gives them nothing when they retire?
That’s why so many younger folks have opted for business ownership. They’ve made a shift in thinking that a whole lot of older folks haven’t. They realize that if they ever want to retire, they have to generate increasing income, and save as much of it as possible, so they can become investors.
Young folks these days don’t have the same ideals of buying one house, paying down the mortgage and living there forever. They want to make a profit off of their investment. Yes it’s a home, but it’s also a means to creating greater wealth for their retirement. Especially since the government, and most employers, aren’t going to do it for them.
It’s this critical shift in thinking that’s making all the difference for families today.
The realization that real estate investing is a way of setting up your own pension plan. A way of generating an asset that not only grows in value year after year, but also creates a monthly income for you later in life.
The best part is, it doesn’t actually take that long, it just takes the right strategy.
Today on the “Investment Property Income” podcast, we’re talking start to finish, how to create your own pension through real estate investing.
Check it out here.
The sky truly is the limit once you get started.
www.guidetothegrind.com