Shocking Retirement/Pensions Statistics: Mainstream Media BS [Business, mindset, entrepreneur, disruptors]
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 21 October 2021
⏱️ 11 minutes
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| 0:00.0 | I believe you need 10 million capital to retire. |
| 0:05.0 | Wow, breaking news. According to the PLSA, |
| 0:09.0 | you only need 10,900 pounds a year to retire. |
| 0:13.0 | What planet are they living on? |
| 0:17.0 | Now, these are the pensions and lifetimes savings association. |
| 0:21.0 | You would think that they would have the vast knowledge to understand |
| 0:25.0 | retirement and pensions and savings and the reality. |
| 0:30.0 | One of the things that's shocking to me is this is a mainstream media |
| 0:35.0 | BBC news article that just came out this week. |
| 0:39.0 | And of course the headlines, you need 10,900 pounds a year to retire. |
| 0:46.0 | What? What? Okay, so gas prices wholesale are up 400%. |
| 0:52.0 | Fuel prices are the highest price ever. |
| 0:57.0 | Record highs. |
| 0:59.0 | Foods going up. |
| 1:01.0 | Inflation is going up. |
| 1:03.0 | Cost of general living is going up and up and up. |
| 1:06.0 | There's virtually no interest in savings. |
| 1:10.0 | Yeah, apparently minimum required income is 10,900 pounds a year. |
| 1:18.0 | Now I'll share how they've calculated that in a moment. |
| 1:21.0 | But I need to tell you the vast freaking nonsense. |
| 1:24.0 | That is nonsense. |
| 1:26.0 | I don't even think you can retire on 50 grand a year gross because at 45% tax, |
... |
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