Yes, we know, when you're young it's hard to think about retirement. You have other things on your mind. However, I'm sure you've heard around (or at least on social media) about many older people who "can't make it in retirement". That's why, in addition to investing, it's a good idea to transfer some of your excess income directly to your future.

You can make do with your state pension: you pay contributions for your current pensioners now, and others will pay for your pension when you retire. But it might be safer not to rely on others and pay for yourself right now.

You can do this through a private pension fund or simple life insurance. Both work in the same way: those who manage your money invest it and try to multiply it. Most of these managers commit to giving you back at least as much as you've accumulated by depositing with them, all adjusted for inflation.

So think now about what you want your life to look like in retirement.