Are You Really Planning For Your Retirement Days –Saving And Investment Should Be Your Priority

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I really come across this wonderful post by @tfame3865 which talked about investment before retirement, when I read it, I was moved and I decided to say something on it. I have to let go of the topic I decided to write today and post this. Retirement hmmmm is really a big thing that almost all civil servant workers are really looking forward to but most aren’t planning how life will actually be after they retire. Most think they are actually planning for it but they aren’t.

At times I do think that, it is because most adult are not born into the jet world, is that the reason their eyes aren’t that open to what is really going on around them or it is just ignorance, I do see older men and women really suffering after they are down serving the government and I always wonder, what did they really achieved during their 35 years of working as a civil servant. What happen to all their salaries, many will be saying they have to take care of their children, lot of burden on their head and they have to take care of things. You hardly see them talk about having some investment or savings somewhere.

There is this popular statement that says “we shouldn’t eat with all our ten fingers” this statement really have a deep meaning in my life, never ever spend more than your earnings, most wont understand it and also little savings will surely turn out big. Let think about that three statement and do some calculations. According to @tfame3865 post, a minimum wage is $86 and I know most civil servant will be collect more than that but let us use $86 as their salary and they will be using (let say) 30 years. If they could try to set out $10 every month from their salary irrespective of their spending or things they have to sort out, $10 is really small. Do the calculation for each month in 30 years, it should be around $3600 which is around 1.3 – 1.4 million naira and that is even enough for them to start a business after retirement. But no most wont because of the following reasons,

Ignorance

This is one thing that is really affecting lot of people, both old and young, they always say life is too short, they should spend and enjoy their life while they can and they forget about the future. That is one reason they wont plan for their retirement days and spend what they have. Ignorance is really a bad thing.

Peer Influence

One enemy to success at times, we should always learn to walk with friends that will have positive impart in our life, if you walk with someone with no future plan/career you will surely have no because they will surely have impart in you. The best is to move away from these people and move with the right people.

Lack of Knowledge

I really cant blame most people because “had I know” is really affecting them, they don’t know and yet they don’t want to know, there are lot of empowerment program out there but most prefer to sit at home instead of attending such program, how will they now have more knowledge on ho w to plan ahead especially for their future.
But how can they plan for their futures
There are lot of ways they can take to plan ahead, they just have to ignore ignorance and that the bold steps. One of this ways is

Having A Saving Account

When I mentioned a saving account, am not talking about saving in the bank because there will always be lot of charges attached to it which will reduce their savings on a long run instead of adding to it. There are some trustable platform where you can save your money and lock it up for years without touching it, saving is actually a hard thing to do especially when you save it in your house or with someone you know, you will collected it one day If you really need money, but having it lockup will really prevent that.

You Can Invest It

Many really need more enlightenment on this part of investment, because that is what matters. Most adult are really scared of bearing the risk because there are lot of scam out there, but if they can have a more trustable company, they can invest their savings and we accumulating the interest they will be seeing. Also I can say investing in usd and lock it up somewhere is also a good way because they value rarely reduce unlike naira.

Now is the best time to start saving up and you don’t need to be a civil servant before you can save, we will all retire one day, Don’t spend more than your earnings, save a little part of it, it will help on a long run
Stay blessed.