Debts and recreation: how to be a parent in the 21st century?

Debts and recreation: how to be a parent in the 21^st century?

First, take care of your own wealth

Debts and recreation: how to be a parent in the 21^st century?

Let’s be honest: the conditions in which previous generations lived are different from those of today.

For many reasons, above all: the chance to find a steady job, the possibility of retiring at a decent age and with an acceptable income.

That is why a greater awareness of one’s finances is indispensable in this historical phase. Especially if you have children.

Anyways, programming our finances like our fathers did, may not be suited for the era we are living.

For example, investing postal savings certificates today is anachronistic. The same is true for multi-year government bonds, which do not protect your savings from inflation.

Now, we have much more efficient solutions at our disposal. And more things to take into account.

In Italy, we have an aging population. You may be wondering what this has to do with the financial planning we need to do for our family. A great deal. Think for a moment about the sustainability of the Italian pension system. New workers will be few and with low contributions, while new retirees, who will live much longer, will grow quickly. In such a scenario, it is certain that the pension check will be significantly lower than in the past.

This may be of help in realizing how important it is to look after one’s own wealth.

If you are aware of those risks, or want to know more about them, then the book A Million for My Daughter is right for you. For the proper planning of your financial future with efficient solutions.
Available on https://onemillionformydaughter.com/