Warning: Retirement Age Increasing 😳And What it Means to You

I need to warn you about the rising of the retirement age, the pension age. This is an urgent warning. Now, whatever age you are, this affects you and it affects people you know. So the retirement age is currently 66. Now, you know, decades ago it might have been 10 years less than that. Now, of course The state would say, well, that's the increase in how long we live, but the retirement age is proposed to go up from 66 to 67 to 68. Now I need to give you a stark warning here. I really believe this. This isn't necessarily a bash at the state pension system. It's a warning to you. If the age of retirement and the state pension is going up from 66 to 67 to 68, that's a lot of decades that you need to keep working. And I— and yeah, Sean Paul has just said the younger you are, the more you suffer. Get this, well, for those now aged under 30, the state pension could go up to 70 years old. 70 years old! I think the average life expectancy is about 80, give or take either side. So you've got to work 7/8 of your life to hopefully enjoy a bit of retirement for 1/8 of your life. I mean, to me, that's just— that's wrong. That is fundamentally wrong. Now get this, right? The state pension, the new— the full new flat rate state pension for those who reach state pension age after April 2016, get this, £179.60 a week. I, I paid £55 for a breakfast in London 2 days ago. £179.60 a week is the state pension. The full old basic state pension for those who reach state pension age before April 2016 is £137.60. So please hit the share button. We must get this message out to the masses. A lot of people don't know this. They don't know how long you have to live and how little you get from the state. The state have not managed that pension money maybe like you'd manage that money. There's no money left in it. People are living longer, there's more population, the government are in more debt, people are— there's no money left. So why am I telling you this? As a warning for you to take full responsibility for your retirement. That's why I love being an entrepreneur. That's why I create so much content like this. My personal vision is to help as many people on this planet start and scale their business and get better financial education. I want you to be self-sufficient. I want you to have enough capital to live your life and then your children live live their life. Intergenerational wealth. Because I just have to be honest with you, and I'm sorry if this is a bit offensive to some people, the government will not save you. They will not take care of you. They will not look after you. They do not love you. State pension age of retirement is on the increase. Now, there is a lot of pressure to hold that back, but 65 to 66 to 67 And anyone under 30 currently, it could be age 70. Shit! Yes, I paid £6.33 for a bottle of water in a London hotel. So inflation is huge, cost of living is way going up, interest rates are really low, we're in this pandemic situation. So what are the lessons? The lessons are: number 1, you must take care of your own financial future. Number 2, you must invest in assets that create recurring income. Number 3, you must build enough capital for you to see yourself through retirement. You don't want to retire at 67, 68, or 70. I'm sure maybe you want to retire at 47, 50, or 57, and the government aren't going to do that for you. And maybe it's not even their job, maybe it's your job. Just have to be honest. So take care of your own financial future. Have enough capital, you know, realistically earn 5-6% a year on capital invested safely. So £1 million is £50,000 to £60,000 a year. £10 million is £500,000 to £600,000 a year. Build up that capital pot. Invest it yourself. I've always said this, I wrote this in my book Money. I say that you should be your own financial advisor, because most FAs are not I, independent. You should be your own independent financial advisor. You should learn to manage and invest and master your own money. Build the capital reserves, invest them, you know, low, medium risk, most of your capital, and then some speculation on a small amount of your capital. Invest in assets that pay recurring income streams so you can live off the income, not the capital. And no one is going to look after you in retirement except you. No one's going to give you enough money to retire except, except you. Let me tell you these figures again. Please share this. This is a shocker. But then the full new flat rate state pension is £179.60 a week. That is not enough to live on. I don't care where you're from, that is not enough to live. Inflation on the rise, cost of living on the rise, ability to earn on the decline because of you know, the, the, um, pandemic that we're in now. The old basic state pension is £137.60 a week. You cannot live on that anymore. People have got to get their minds adjusted. You can't live on the state pension. A million is not enough to retire, and all your figures are all old and out of date. So hit the share button, please warn people about this. You have to take care of your own financial future. You have to be your own independent financial advisor. You have to educate yourself on managing and mastering money. That's why I wrote the book Money. The state is not going to do it for you. The state does not want to look after you. You are a drain on the state, especially if you're older and living longer. You've got to get real about this. Invest in assets that create recurring income. Build up capital, most of it in, you know, a secure investment. Um, you know, you've got low, medium, and high risk. Speculate with max 10%. The rest safe and secure, 5-6% of return, build up the capital, invest in assets that produce recurring income streams, and you take care of your own financial future. You start and scale meaningful businesses that change the world, you know, help you make money and help make a difference. This is what it has to be— intergenerational wealth started by you. So if you'd like a gift from me to help you achieve this, um, I've got a link here where you can gain some free money resources. This is all free, no cost. Nothing to sell, everything to share, and the link is robmoore.com/mmm. Rob Moore dot com forward slash mmm. Now I'll give you my ulterior motive for giving you all these gifts and bonuses for free in a moment, but let me just tell you what you're going to get there. You're going to get access to my new book, Increase Your Fees with Ease. When it's finished, you're going to get access to a digital version of my new book, The Laws of Money, when it's finished. You're going to gain access to 15 to 16 interviews with billionaires teaching you to manage and master your own money. You're going to gain access to probably 200-odd pieces of content on making money, mastering money, on starting and scaling your business, and some surprises as well. And then every week I'm going to send you a resources message which collates all my money-related content and some of my social media content that's been the most valuable to people. And you're going to gain access to that, and it's all free, always, just once a week message. Um, my ulterior motive for doing this is that if Facebook deplatforms me or, you know, my reach is reduced, I can't contact you anymore. So I'll just ask you to pop your details in and there'll be a once a week message. But all those bonuses are waiting for you at robmoore.com/mmn, as in make more money, because the state are not going to make you more money. The state don't have enough money. The pension age is going up and up and up, and whilst there's a bit of resistance for it, retirement to go up to 67, then 68, let's be honest, the state will do what the state will do, and you have to look after you because no one else is going to. So please hit the share button if you agree. Please let me know in the comments what you think about the state pension age rising from 66 to 67 to 68. I mean, to me, I feel like 66 is already really old for a retirement age, and the amount that you get is so low you can't live on it anymore. And I feel like it's my job to warn you. So hit the share button, let me know what you think in the comments, and go to robmoore.com/mmm, as in make more money, and grab all the gifts. The link is in the comments. I'll share with you what the gifts are, and then every week I'll update you with new, uh, resources so that you can take control of your own financial future, so that you can be your own independent financial advisor, so that you can invest into assets that create recurring income, so that you can control your age of your retirement and build intergenerational wealth and not be, um, one governmental decision away from bankruptcy or being broke. Because this is the, the fear I have for most of the planet, and this is my mission. This is what I was born to do. This is why I've done 250 Money Podcast episodes. 768 entrepreneur podcast episodes. This is why I've written 18 business and money and entrepreneur-related books. I want to help, but you have to help yourself, and you have to take action. You have to vote with your finger by hitting the share button. You have to go to robmoore.com/mm. I've got some questions coming in, but I have to get out of here now. I'll get in the comments and discuss what we think about rising state pension age, universal basic income, the amount that the pensioners get, etc. I'll see you in the comments. If you don't risk anything, you risk everything. It is disruptive times.