Whether
you will live well or not at old age depends on your attitude and things you do
right from your day one at work or your business. There are some mistakes you
must never make if you do not want to live in poverty and penury in your 70s
and 80s.
Don't
make the following mistakes if you don't want to be a liability to your
children in retirement at old age.
1. Failure
to Plan for Retirement
Most
people forget the fact that they will retire one day or can no longer go out
for businesses. Though you may not be sacked, age will definitely catch up with
you one day. As you plan your financial programs, it is highly important that
you prepare for retirement.
No matter
how tedious or enjoyable your job or you business is you will have to retire
one day. Plan. Think ahead.
2. No
Vision, No Goal
Failure
to have vision today will deny you possibility of living in distinction
tomorrow. What is your vision? If you don't have a goal you will live like a
goat.
3. Desire
to Please your Extended Family to the Detriment of your Future
According
to Bill Cosby he said " I don't know the key to success but the key to
failure is in trying to please everybody." Don't dip your hands into your
savings or investment because you want to please people around you. If you seek
to please everybody, you will displease your future. Have a financial plan and
stick to it. Give your future a meaning by having a meaningful plan and
objective. without any external interference.
4. Failure
to Learn from other People's Mistakes
Others
fail in other for you to not fall into the same error, by learning from their
pitfalls. Learn from mistakes of people around you who retired due to age yet
still nurse the wounds of their mistakes while in active service. Learn from
the regret of others so you don't become a laughing stock
5. Living
Beyond your Means
If you
must have something to fall back on tomorrow, you must not live beyond your
means today. Dont spend beyond your status; dont spend beyond your means, buy
what you can adequately pay for .Do not destroy your future because of today's
pleasure.
6. Too
many Children
Most
people tend to have too many children believing that God will takke care of
them. Compare your salary to the financial demand of education in the country.
Plan your family apply your wisdom
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