Family Finance: Financial Mistakes You Can Make Now To Live Miserably At Old Age (Part 4)
1. FAILURE TO SAVE MONEY
Many people find it difficult to save money. They have a lot of excuses for not saving but no matter your reason(s) for not saving, it is unwise not to save. In fact, if you have no savings, you are saving for poverty.
2. FAILURE TO INVEST
This is another mistake you must never make. Never fail to invest your money. Don’t just save your money, invest! Invest in viable projects like publishing of your own books, real estates, stocks and shares, etc.
3. THINKING YOU ARE STILL FAR FROM RETIREMENT
Every day you spend at work takes you closer to retirement. If you are to retire in the next 35 years and you started working yesterday, it means you now have less than 35 years at work. The best time to prepare for retirement in now! One wise man said, “On the great clock of time, there is but one word, NOW!” Success is the reaction of life to the actions that men dared to take.
4. EXCESSIVE BORROWING
Avoid borrowing like a plague. Never borrow for wedding, burial, birthday, etc. to borrow means to ‘BORE’ your ‘MORROW’ i.e. to drill your tomorrow, to spend the future today and remove the power of tomorrow.
Bisi Adewale is a family expert and president of college of marital success, He is an international conference speaker and an author of more than 40 books on marriage and family life, singles, love, sex and purity and intimacy. He is the host of family T.V. program called Family Booster Moments.
Get daily lesson and teaching and articles from his blog: bisiadewale.com and You can also get his resources and also send an mail to familybooster01@yahoo.com. Visit https://bisiadewale.com for daily updating!
