Raphael Arefaine

e of the inflows for future consumption. My rule of thumb is that a day’s income must be split between two days at a minimum. This means, half of the earning is for today’s consumption and the remaining half for tomorrow’s consumption. In arriving at the final figure to be allocated for future consumption, the following potential benefits are to be factored into the calculation: government pension plans, company’s pension plans, and present value of future interest earnings. Once the final income is determined, it is to be divided into two. The resulting amount less the pensions and the interest earnings in real terms, is the amount of money required for savings, which is predicted to cover the same number of days upon which the income was determined. The premise is to maintain the type of lifestyle and standard of living accustomed during the preretirement years. The implication of this premise also means that to not get use to a lifestyle or standard of living that cannot be maintained. I can guide you as to how to allocate your earnings of today, between the present and present-day tomorrow. It does not stop there: I can also share a wealth of experience as to how to get ahead in today's competitive environment. If you have a question(s) about your present and future finances, investment opportunities, or need help in identifying a room for improvement, do not hesitate to contact me via private or this page.