It is a fantastic question about my life after my retirement. Indeed, when I am still a professional player, I can earn a sustainable stream of cash to support my consumption. However, after my retirement, the income stream no longer exists, while my consumption habit is still there. The solutions are two-folded: building up a habit of saving money and creating new passive income streams when I am still earning a lot. The relatively easy part is about saving. While we often treat it as unnecessary as consumption drives our economy, saving should be treated as a merit for society. Living a thrift life requires self-discipline, which is also a personal virtue. While difficult, the process of saving money can enable me to learn the cost side of my life, which guides me to differentiate my true needs from my superficial ones. In terms of benefits, I am actively investing in a variety of assets. We all know that the passive income stream is the way to financial independence, and it also provides us financial security (thus more freedom). The common ones include real estate, stocks & bonds, and virtual money, which are accessible by any common citizen. As a star football player, I have other options. For example, I can sell my name or just start some brand with my name as a business. Business can also provide my future financial security.
Words: 233
Words: 233