6.
There are TV game shows that give people the chance to become millionaires. When asked the
Question “What would you do with a million dollars?” most people give similar answers: “Quit my job,” “Buy my dream house,” or “Go traveling.” Twenty years ago, it was possible to realize these dreams. However, things are not so easy today.
In many countries, the cost of living is higher than ever. One of the main reasons is demand.
Over the last twenty years, for example, housing prices in many cities have increased. The main reason is that the population has become large in certain areas, but there is a smaller supply of available housing there for sale or rent. Apartments in many city centers are also more expensive now than in the past. In the recent past,
people often moved from a city center to the suburbs in order to escape overcrowding and noise. Today, people want to be closer to their workplace, and many are now moving back into the city center because many modem apartments in the city center have indoor swimming pools or movie theaters that allow people to relax or exercise without leaving their building.
In order to live well after you stop working, you should begin saving for retirement early.
Experts suggest that after you retire, you will need 75 percent to 80 percent of your salary to live on every month. And older people now also have to spend more on health care because they live longer.
With increased demand for housing, higher living cost, and longer life expectancy, a million
may not be enough to live on. To be able to retire early, travel the world, and build your dream
home, you may have to appear on that game show and win more than once!