Читать книгу The Global Expatriate's Guide to Investing - Hallam Andrew - Страница 14

The first step toward planning your retirement is realizing what you spend today. Every healthy business documents its income and expenditures. Those not doing so head for bankruptcy. Government assistance doesn't intervene to save the grocery store or restaurant with the unbalanced budget. But many expatriate family households come to expect just that. Unfortunately, no such crutch exists for social pension noncontributors. Many expatriates sink or swim based on their own strokes.

After figuring out what you spend each year, determine how many years from now you want financial freedom. Estimate your postinflation cost of living with the calculator at www.moneychimp.com. Retirement is a journey to a foreign city. You've never been there, so you'll need a map – and knowledge of the number of steps ahead.

Take the first step now. Plug your numbers into Figure 1.4.

Figure 1.4 Your Postinflation Adjustment

SOURCE: www.moneychimp.com.