They say old age is gold, but it can never be gold if there is inadequate saving to enjoy a decent life. Retirement is the on -set of the old age. It marks the stage where people take a break from sometimes rigorous careers and create the essence of having a break from the daily routine. Retirement requires resources as one is no longer economically engaged to make ends meet.
The record is clear that one out of three Americans do not have savings to support himself after retirement. The commercial banking services have stepped up their advertisement to attract more clients to save with the banking and insurance companies for retirement benefits. The aim being to avoid a bleak future most of the individuals get themselves in particularly those who do not consider saving during their younger days.
Banks, the insurance company, brokerage and other financial providers have actively been giving advice to income earners to invest in saving for the retirement benefits. However, one cannot solely rely on with the help from these people as most of them are salesman who aims to increase their payroll by earning commission. A small number of private firms, banks, and insurance can still offer reliable advice.
The issue has elicited much interest even from the government with Obama administration proposing to make mandatory changes in the financial sector. This will ensure that people are empowered to make some saving before retirement. The move has received wide recognition even from the opposition party as it tries to solve the problem of irregular saving skills. Saving little by little could in the end give a substantial amount of money at the retirement period. This has been the theme most private companies have been trying to illustrate to people as a way of encouraging them to safe for the future. The move already is bearing some fruit.
Establishing a business is among the challenging tasks the investors always encounter. This is the first step to the growth of business that defines its success or its failure. In most of the cases, businesses fail to pass the test of creating and establishing the market. This has always presented the hard nut to crack for the investors. The case has been different for Warren Buffett. Warren Buffett is among the renowned businessman who has made a mark in the business sector. He is a legendary investor with astounding financial success in American history. He has successfully managed to climb to the top and establish multi-billion business empires from the scratch. The world recognizes the leadership and the entrepreneurship skills Warren is endowed with and the ability of turning the skills into opportunities. Brought up from a humble background, Warren Buffer has a special talent in amazing mastery of numbers. As he grew up, he turned his seemingly not worthwhile talent into gold-mining business. Warren could be able to keep track of business financial records for a couple of years that enabled him predict the market trends.
The opportunity gave a platform to rise from the ground. Through his extraordinary mastery of numbers, he managed to acquire a business that he thought had good chances of making in the market. He established the failing business when most American was suffering from the financial crisis. Among the famous business, he acquired and turned it to which is a multi-billionaire enterprise, Berkshire Hathaway. According to Warren Buffet daughter and his long business partner Charlie Munger, they attributed his success to good leadership skills and entrepreneurship. For instance, before he bought the Berkshire Hathaway, the company had no breathed of life. It did not stand a chance of survival. Owing to his good leadership skills and entrepreneurship quality possessed he was able to turn it to enviable investment. He remains to be one of the America greatest assets.