, and the possibility of becoming physically incapable of working or caring for a loved one can become a financial nightmare. The costs of care are high, with “the average cost of a home health aide topping $5,000 a month in 2021, adult daycare close to $1,700 per month, an apartment in an assisted living facility $4,500 and a private room in a skilled nursing facility was over $9,000 per month,” the study found. You also have to worry about exorbitant healthcare costs.
In an earnings call, Meta CEO Mark Zuckerberg pointed out the proliferation of managers within the organization, claiming it creates unnecessary bloat and spiraling costs. Zuckerberg called out the inefficiencies within the large social media platform, which is also happening at other large tech companies, stating, “I don’t think you want a management structure that’s just managers managing managers, managing managers, managing managers, managing the people who are doing the work.
. Seek out a professional financial advisor. You will have to defer current gratification for the future. This entails fewer vacations, a smaller home and avoiding expensive luxury automobiles and other extravagances.offered advice to people worried about outliving their savings, saying, “To figure out how much money you need to save before you can retire, you’ll want first to estimate how much you’ll.