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How To Retire Without Money
By Bob Belmont
CHAPTER 4
RETIRING ON A SMALL INCOME
Page 1 of 5
This book is
not devoted solely to persons who have established incomes,
either pensions or investments. I plan to reveal how any adult
American, with or without income, with or without savings, can
retire and lead a more full life. However, before dealing with
general details on how to accomplish this I should like to
devote a short chapter to those persons who do have a small
income already on hand.
I say a small
income, because it is obvious that if you have a large one you
have no need of my advice on how to retire, no matter what age
you may be. Given sufficient money, nobody need have any
difficulty retiring.
The very
purpose of this book is to tell those persons who do not have
sufficient money—or at least think they haven't—how they can
accomplish this desirable goal.
Give a
European a small income, you can almost say no matter how
small, and he'll retire, no matter what his age. The average
European feels that the most important thing in life is
freedom to dispense his time in the way he wishes. He figures
that as long as you are at the mercy of a business, even your
own, or of an employer, you are not truly free. Others dictate
how your time shall be spent.
So you will
find throughout Europe and especially in the very economical
countries such as Spain, Austria and Greece hundreds of
thousands of Europeans, both single persons and families, who
have retired at any age from 18 to 80. They simply cannot
understand why anyone should continue working after already
reaching the point where he, or she, has sufficient funds with
which to lead a full life.
I know I am going to run into disbelief here, but I personally
have met, in various places throughout the world, single
persons, couples and even families who have retired on as
little as fifty dollars a month and have no other source of
income.
That is
correct. Five hundred dollars a month—$6,000 a year.
And when I
mention families retiring on that amount, I don't mean per
person, I mean the whole family.
Of course, there are a good many more who have retired on
larger sums, and any addition at all to this minimum makes
considerable difference in living standards, but nevertheless,
there are some who stretch out one hundred dollars a month to
the point where they can retire on it.
There are
hundreds of thousands of Europeans who have retired on one
hundred dollars a month, or less. In fact, there are few, if
any, European nations where the average workingman can look
forward to a pension that large upon his retirement at 60 or
65 years of age. Two hundred dollars a month is a fortune in
the eyes of the average European. Actually, in most European
countries the working man does not make that magnific3nt sum
even while employed a full working week. Indeed, there are
some European nations, Spain, for example, where even a
skilled electrician or plumber, does not make as much as fifty
dollars a month, working full time.
>>> CHAPTER 4
RETIRING ON A SMALL INCOME Page 2
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