人一生中那時候是最富有?

昨晚在荃灣Suzuki Cafe與兩位老友聽了一位理財師關於退休理財要注意的阱陷, 也希望與其他人分享有關之心得!

退休前執教經濟學科, 其中一課為"Capital & Interest", 記得問到學生們: 你們認為人的一生中那時候是最為富有? 很多答不出, 我也就在個人的Blog site中與學生們討論有關收入和退休的問題, 由於有些學生選擇考英文卷, 有些選擇考中文卷, 他們要求我又寫中文版又寫英文版, 於是也順應了他們的要求, 寫了兩版, 內容大同小異; 其實當時工作已很累, 很想退休 ! 正是人算不如天機算, 現在退休了; 及早籌謀, 知足者, 盈盈樂樂(知竹熊貓)也。

舊Blog重溫:

1.“有人辭官歸故里，有人漏夜趕科場！”經濟學怎去解釋?

正所謂"壽則多辱"，何不乾脆早早自行引退！退休，對某些人來說，可能是一件愜意的事情，但對某些人來說，可能是“人生最大的憾事”！有人辭官歸故里，有人漏夜趕科場！經濟學怎樣去解釋？...

Link: http://wongtc.blogspot.com/2005/06/blog-post.html

Written on Thursday, June 02, 2005

2. The problem of Longevity in Economics --- As inspired by Irving Fisher's Theories
Hong and Shanghai Banking Corporation Group has revealed the report of a global study of “The Future of Retirement” around the world in early May 2005 and found that: “H.K. people put health before wealth for a happy retirement and they are worried about their financial arrangements for retirement as 66% are concerned they will outlive their money in retirement. 93% think quality of life is far more important than longevity. 45% want to never work for pay again in retirement. 86% are seriously worried about becoming ill in old age.
Actually, the lack of preparation will jeopardize the dreams and plans for retirement.”...

Therefore, it makes me recalling the assertion of Irving Fisher(1867-1947) on his Theory of Interest that:

Interest in broad sense is the foreseeable growth in wealth that is consumable without reducing the initial amount.

Interest is the expected income from one's wealth. I = W * r

Where I =income, W =wealth and r = rate of returns (interest).

i.e. All expected future income yielded is regarded as interest.

Irving Fisher has a famous dictum: "Interest is NOT a part of income, but the whole of income. "

It is up to the individual rational decision on the retirement age.

Link: http://tcwong.blogspot.com/2005/06/problem-of-longevity-in-economics-as.html

Also written on 星期四, 六月 02, 2005