While some factors are within your control, some aren’t. By prudently making your choices, you could get more value for your money.
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Job security is not a given, hence, there is practically no way of relying on pension. Secondly, individuals actively strive to work for fewer than 30 years and support retirement for 30-35 years. In a way, the tables have turned. To achieve the goal of early retirement, it’s imperative to perfect these two things.
Even senior executives who have been in the workforce for 10-15 years realise that their jobs are not secure. A job loss or pay cut hurts even more if you don’t have an emergency fund to fall back on while monthly cashflows slowdown. Is it too late to build that emergency fund or should you do it now?