SMART Retirement Preparation

in #smartcash7 years ago (edited)

retirement.jpg

When it comes to retirement talk, I think it's like judgement day. You have to be prepared for it so the rest of your days will be enjoyable with family doing what you love. But if not, you will find yourself lacking, struggling and the worse you're become a burden of you're family.

Of course everyone's goal is to prepare for it and that's what this article is all about, the "SMART Retirement Preparation".

Think about it, if you retire today. How much would you need to enjoy the rest of your life doing what you love? Is it $2,000.00, or $3,000.00 a month? Those number you are looking right now is just our baseline of how much you will spend to yourself for a basic needs.

Now, do have you numbers? On a piece of paper, write it down. Then multiply it by 12 months to get your yearly expenses.

For example my estimated monthly expense will be $3,000.00 a month.

And my retirement will be on my 60's, since my grandfather died at age of 82 and my grandmother pass away at age of 90, therefore I will live up to 86, that would be 26 years.

The estimated cost of my retirement is $3,000.00/month x 12 months x 26 years, for a total of $936,000.00.

However, these number is not factor by inflation rate yet. But still acceptable for now. I think we don't need an exact amount up to the last penny.

Now that we have those numbers in hand. We will now going to estimate the projected saving and income at retirement.

On this part, I assume that I don't invested for retirement yet. However, I am able to buy and hodl 250,000 SmartCash now, that around $70,000.00 as of the writing.

Let's see how this investment fit in all those numbers above. Using the SmartRewards Calculator, we can estimate the current rewards for the month along with USD price.

Let's say I have bought 250,000 SmartCash today at $0.27 each, that will be around $70,000.00. Using SmartRewards calculator let see the result;

Holdings: 250000.00 Smart

Rewards: 13000.00 Smart

Balance USD: 69609.2500

Total Balance USD: 73228.45

Next Reward's Payout (Cycle 7): 5.20%

Total After Rewards: 263000.00 Smart

Rewards USD: 3619.20

USD Value: 0.2784

This means that in our example, I will have an available million or even billion dollars for my retirement. Since SmartCash is still young and keep on growing and growing everyday!

Where to buy SmartCash

Currently on:
stocks.exchange
HitBTC
CoinExchange.io
LocalBitcoinCash.org
monkeycoin
CryptoBridge

Again, those number does not factor in the time value of dollar, earnings at an interest. We just quickly estimated retirement with SmartCash.

If you would like to learn more about SmartCash please visit;

Official Website:
https://smartcash.cc/

Official Wallet :
https://smartcash.cc/wallets/

SmartRewards Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125

SmartRewards FAQ’s
https://smartcash.cc/what-are-smartrewards/#toggle-id-2

Mining Pool :
http://pool.smartcash.cc/

Mining Guide :
https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up

Discord Channel:
https://discordapp.com/invite/BDUh8jr
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I don't think you need retirement, just keep plugging along. Work is good but work for yourself. That's what we're aiming for as a family so we can go back home to the Philippines.

So yes, that's why I'm trying to get 1000 SMART and hold on to it to get SmartRewards.

I'm feeling I'm talking to young guy @cloudspyder :) I'll go to Discord and dm you. If so, you're one heck of a guy to be ahead of your game!

You're right @lovenfreedom, honestly I want to escape a cubicle world, escape the traffic and go my own. I want to enjoy my life doing what I love, grow my own food and go off grid. In fact I started to follow that path. I already acquire 4 acre on country side and try to negotiate to adjacent properties for my expansion. I want an atleast 40 acre of land. I am planning to make an artificial 4 acre lake in the middle, livestock and orchards for my food. I want to become self sustaining.

We are currently working on our homestead, definitely working on offgrid. Have to get started on my tomatoes, jalapenos, bell peppers and veggies.

Not sure how long we can go back to Ph but we'll have to have a big land. No real close neighbor and I think 40 acres is right on.

You would be foolish to bank your entire retirement fund on crypto, especially on a penny crypto that could go to the moon or to zero (and probably both). Far better to diversify across asset classes and with your crypto allocation, across different coins!

I will come visit you and chill in your villa (I mean the one one you will buy with so many smartcash to spare 😝) once we retire hehehe 😁

Your very welcome bro... I think of getting a yatch and we go fishing.

Σ$$$ Tipped @cloudspyder Σ15 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.292 USD per SMART. Current value of the tip is $4.38 USD. To find out more about SmartCash, please visit https://smartcash.cc.

You have Σ60 SMART (unconfirmed: Σ0 SMART).

@smartbot withdraw 60 SkSssZFMRu2Wzkr2eX8Mc917BijRiRTb5X

@cloudspyder: Σ59.99 SMART has been withdrawn from your account to SkSssZFMRu2Wzkr2eX8Mc917BijRiRTb5X. You have been charged Σ0.01 SMART withdrawal fee. Transaction e25311c5d2238e5f377ef84a741f7ff9cb26e8dcc591b24015aabefc89198535 is now completed. To monitor the transaction status click HERE.