Page 209 - THE PATH
P. 209

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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