How do you save money for when you retire from work?

Except for government employees in Myanmar, there is no good system of pensions that people are entitled to after a break from work. When you have a break from work, you have to take responsibility and continue. If you start your own business, you can have income. But if you can't manage it, you need to have enough savings when you retire. If you start collecting early, there will be plenty left when that time comes.

And our country has a very weak health care system. It will take many years to reform these. If you are in good health when you retire from work, you may be able to save enough money, but when your health condition becomes difficult, you cannot be sure of a health insurance plan, so you must have the intention to prepare and save. I can't remember that I don't have to save because I have children and a family. There are many things in life that do not go as planned.

🎯 Collect as fast as you can.
Get started today! starting tomorrow I will do it from the day I get my salary at the end of the month. Don't think that it will start from the time of salary increase. Act as soon as possible to collect money daily, monthly, yearly.

🎯 Avoid spending your savings as much as possible.
Spending without thinking about your savings will hurt you in the long run. If you want to retire from paid work as soon as possible, work hard and save money. I want to buy new clothes, food, and spend less. Be aware that every time you buy these, you have to pay tax. These are the issues that reduce your savings.

🎯 Start establishing passive income for the time off from work.
At the very least, consider reusing the interest you have already saved in the bank. Also, save money to invest in setting up your own business.