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How to Build an Emergency Fund? Do you Need it as a Pensioner?

How to Build an Emergency Fund? Do you Need it as a Pensioner?

How to build an emergency fund and whether you need it as a pensioner is in the end your decision. In this article, you’ll discover what an emergency fund is and how to work out how much you’ll need.

A pension, which is deposited into your bank account every 25th day of the month, provides peace and security. However, it can also make you sloppy in handling your money.

Especially in the ex-pat community here in Spain we regularly meet people who have called it a day. Worked hard all their lives and now no longer feel like worrying about anything anymore.

This often has a negative effect on their attitude towards their weight and health, but certainly also brings a kind of indifference about their finances.

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Is Financial Freedom for Seniors an Illusion or a Possibility?

Is Financial Freedom for Seniors an Illusion or a Possibility?

Most websites you bump into when you browse for financial freedom for seniors are from either financial institutions or care organizations. This article focuses on the fundamental you will have to build, if you want to work towards financial freedom.

Financial freedom is defined as having enough income to pay for living expenses for the rest of your life without being employed or dependent on others.

You will achieve that when you retire or receive a large inheritance. But also if you find a way to get paid for your work more than once.

Writers and musicians receive royalties on their book or piece of music. Computer programs and apps are sold. Examples of creating something once and getting paid as often as something is sold.

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