personal finance for residents of Japan
Retire Japan
  • Home
  • Blog
  • New Forum
  • iDeCo (J401k)
  • NISA
  • Robo-Advisors
  • Further Reading
  • About
  • Consulting
  • Contact
  • J-Pension
  • Wills
  • Taxes
  • US citizens and green card holders
  • Old Forum (archive)

Saving isn't enough

13/4/2014

 

Get your money working for you

Picture
I believe saving as much as possible, combined with reducing the amount you spend every month, are essential if you want to build wealth and safeguard your retirement.

Unfortunately, as many people in Japan are going to find out, keeping your savings in cash probably isn't enough. We talked about cash last year on the blog. Basically it's safe and liquid, but is vulnerable to inflation.

You might think that people in Japan are safe from inflation after the deflation we've seen here for the last couple of decades, but that is changing as we speak. Consumption tax, energy costs, health costs, and taxes have all risen recently, and are likely to continue rising.

 There are many ways to have your money work for you, and we'll be talking about them on the blog, as well as elsewhere on the site (the NISA and J401k pages were updated this week, please check them out).

As ever, please feel free to post questions in the forums, through the contact form, or by commenting on the blog.

How are you saving for retirement?


Comments are closed.

    Author

    Ben Tanaka is a teacher living in Sendai, Japan.

    RSS Feed

    Categories

    All
    2018
    8 Now!
    Amazon
    Blog
    Book
    Budget
    Car
    Coaching
    Credit Cards
    Cryptocurrency
    Desmond P.
    Earning
    Electricity
    Event
    Exchange Rates
    Financial Planners
    Furusato Nozei
    General
    Government Policy
    Guest Post
    Health
    Home Improvements
    IDeCo
    Immigration
    Insurance
    Investing
    J401k
    Junior NISA
    Kokumin Nenkin
    Loans
    Manga
    Mark Brierley
    Mobile Phones
    Monday Read
    Movie
    MYDC
    My Number
    News
    NISA
    Online Course
    Only In Japan
    Pension
    Planning
    Poll
    Portfolio
    Presentation
    Progress Report
    Publication
    Rakuten Wrap
    Reader Profile
    Real Estate
    Renovation
    Review
    Robo Advisor
    Robo-advisor
    Roundup
    Saving
    Scams
    Sending Money
    Spending
    Tax
    Teaching
    Telephone
    THEO
    Travel
    Tv
    UK
    US Citizens
    Video
    WealthNavi
    Website
    Work
    Workshop
    Ziv Nakajima Magen
    Ziv Nakajima-Magen

    Archives

    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    January 2015
    December 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013

We respect your email privacy

✕