Retiring early

 

(Photo source: pexels.com)

 

In our days, we did not know anything about retiring early. We have seen people retiring at 60. Earlier, it was 58. People work in an office comfortably for up to 60th years. But traditional jobs are only available to a small number. A select few get such a job. Most of the others have to contend with private jobs & contractual jobs at various government entities with less pay. People remain worried and unhappy. The private sector was different when we were in college. Some organizations paid high amounts, and students longed to get a job in those organizations. The time has changed, and those organizations' entry-level salaries have stagnated for years.

 

Moreover, the Government also revised the payment policy making Government sector attractive. Over the years, the Government sectors have been reducing the vacancies because the offices have always been overstaffed. Now, there are fewer requirements owing to digitization. This will continue. Moreover, factories are moving towards automation, needing fewer people in manufacturing. That is why private organizations are still holding back even though the Government is spending so much in the manufacturing sector. There is no earning and hence no consumption. So, where will they sell the products? 

 

Keeping this in mind, the students must prepare for the future. Apart from the conventional approach, the students should keep an open mind. The high-paying jobs require modern skills. You have to be proficient in them. Many people will say that private jobs do not give you security. The government sector provides employment security and comfort at the cost of long years of grinding at low pay.

On the other hand, you have new-age technology-based companies. You can draw high salaries and retire early. You can reach the final goal within a few years and then move on to do something else. People like us are already late. The path is set, but your world will be much more different. The conventional way of thinking might make you more unhappy. Therefore, one should be flexible to move in any direction.

 

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