The answer to this question is extremely simple - your money must learn to “make money”. And then the pension capital you systematically created will stably provide you with money. Well, as for the pension from the state - it will be like the icing on the cake: nice, but very insignificant in size. To retire rich and make your retirement capital work, you need to take a number of intermediate steps: 1) Spend less money Sounds simple, but for many people/families this will be very difficult to do .2) Earn more Another obvious way. But implementing it is much more difficult than spending less. The mathematics is simple: if you spend less and earn more, then you can improve your financial situation much faster. 3) Invest This is the easiest way to “force” your money to work instead of yourself. There are millions of possible options for investing - at first it will be enough for us to concentrate on a bank deposit, index funds and buying currency. 4) Read a book on financial literacy No comments here (although I recommend starting with studying my book + additional materials ).5) Optimize your food preparation process. Start creating a menu for the coming week so that you can purchase all the necessary food products from the list. Don’t forget about vegetables and fruits (it is recommended to eat at least half a kilogram of them per day). 6) Exercise This does not have a direct effect on your financial situation. However, a healthy body, a healthy spirit and a clear mind will help you stay in good shape for a long time, be more productive and earn more. 7) Stop using a credit card Train yourself to use only the money that you have. Pay off everything at an accelerated pace existing loans, then leave a credit card only in case of emergencies. 8) Create a “reserve fund” In case of loss of the main source of income, sudden urgent expenses, etc. 9) Learn to earn money in your sleep We are talking about the so-called “ passive income”, which comes to us without our direct participation. Alternatively, it could be a rental real estate investment fund. 10) Create your Financial Plan In the form of a thoroughly written strategy on how you can get to your financial goals. 11) Teach your children to handle money correctly. Tell them about the 10 points above and exactly how you implement them in your financial life. 12) Sell unnecessary things that are cluttering your home, keeping your money “frozen.” 13) Move to live where you always wanted live Make sure you are not overpaying for housing. Live modestly but with dignity. Additionally: Read my other article “Where NOT to invest money? TOP 3 most dangerous places for your money.” I will be grateful for your likes and reposts of this article. Author of the article - Alexander Evstegneev, personal finance expert, author of 20 books on financial literacy, investor with 25 years of experience