Friday, January 9, 2009

How to prepare for retirement

• Save at least 10 percent of your monthly income for the future.
• Make weekly, monthly and yearly budgets. Make sure you keep to your budgets.
• Avoid unnecessary purchases on credit. If you ignore this tip, you may end up using all your income to settle debts.
• Pay all your bills at the right time, so that they don't accumulate and become a burden.
• Use your income to take care of your family, parents, and self.
• Plan having your own house before retirement. Living the whole of your life in a rented house is not wise.
• Apart from your regular job, establish a personal business in accordance with your passion. You can expand it after retirement.
• Lastly, be content with your position in life.

7 comments:

Chima said...

Where do you get your tips from? They are a must read. Thanks for the service

Ruth said...

Still got many years ahead before retiring. I love the tip on save 10% of your income. Have being doing that for over ten years. I have accumulated so much

Care-Angel said...

The truth Mrs. Ruth is that you don't have much time left before retiring. Multiply the years left by 365 days. How many days do you have there? See what I mean? Thanks for your comment

Anonymous said...

I love the tips. They are highly informational for those who still think they have ambience time to work and live. I would have love if the tip is called " How to become financially free". Nice One brother, keep doing the good job

Care-Angel said...

you are welcome Ehi, this is my little way of positively impacting our world.

correct guy said...

U're a genius in this "tips" thing. U really touch me with this. I'll start preparing for my retirement by considering this tips and some others. Thanks alot.

Care-Angel said...

Thanks for your kind words correct guy. I appreciate your sharing your thoughts with us. God willing, I will ensure that your experience here will be worth the while. Keep the conversation going.

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