Page 209 - THE PATH
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He has various options. He can invest in real estate,
stocks, insurance funds, other investment funds, etc., or
he can save in a bank (where the risk is lowest). Planning
for the future is an important element for everyone
because security and clear vision bring peace of mind.
A serene man is more productive for himself and for the
society. For the sake of clarity, here is an example.
Joe is 24 and graduated in architecture in Orlando. He got
a job in a good company where his net monthly salary was
$3,000. Satisfied with his job, Joe planned his future. “I’ll
buy a house and live in it for the rest of my life. Monthly
instalments plus the property tax will amount to $1,500.
The instalment for the car and all my household expenses
will be approximately $500 . For personal expenses $600
will be enough and each month I am going to put $400 on
my savings account for old age.”
Thus, $400 multiplied by 12 is $4.800 per year, and in 40
years it means $192,000. My pension of $1,500 plus the
interest of $1,400 will be quite enough for old age.
This simple example shows the obvious way to the future
that provides comfort. But what is the current situation.
The interest on deposits is around one percent, which
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