8 Tips to a wealthy retirement

1. Have A Plan – The first mistake most people make is they lack a written plan to build financial security. You cannot put the formula for financial success to work, without a plan to accomplish it. You make it happen by taking action. A written plan with goals provides the road map and is a necessary first step. Financial success is a choice, it results from the many small decisions you make each and every day. Plans and goals provide the necessary context to focus every decision in your life, with purpose.

2. Invest in your Financial Education -This is a principle in wealth accumulation.This is for your financial intelligence. You must learn before you canearn.It is possible to profit from any market condition if you know what you are doing (although, admittedly, some market environments are easierthan others).Every investment in your financial intelligence will pay dividends for a lifetime.Take courses, read and research.

3. Spend Less, Save More -A real reward of spending less money is having more to save.Calculate the total annual costs of the things you spend your money on, then create and follow a spending plan that will help you keep expenses down and increase your savings and investing amounts. A workable spending plan can reduce wasteful and impulsive spending. The key to reducing your spend is to cut back a little in every area.

4. Track your Daily Expenses -You'll never know where all the money goes except you track your spending.
How? Commit to the cause, keep receipts, and track your spending online, after which you tally everything up. Be honest with yourself, if you track your spending for the full 30 days & are shocked by the results, don't make excuses for your behaviour. Remember why you started tracking your expenses and learn something from the experience.

5. Avoid Debt that does not pay you - Debt is the opposite of wealth. The more debt you have, the less wealth you accumulate. You cannot save money or invest money belonging to another person. Harmful debt is a debt that you create from things that you do not need, such as excessive shopping, luxury, expensive cars you cannot afford.
Necessary debt is a debt you create so as to live, such as a mortgage, car loan (affordable), medical loan, etc. However, even this type of debt should be kept well within the limitations of your income.

6. Do Not Procrastinate – Procrastination kills time, and as a result it kills more plans for retirement security than all other culprits combined. It is wealth suicide on the instalment plan.According to research, workers who begin saving for retirement in their 20’s can safely save between 10-15% of their income and achieve financial security. If you wait until your 30’s the percentage required rises to 15-25%. Ouch!
If you wait until your 40’s the percentage is an astronomical 25-35%. If you’ve reached your 50’s or 60’s and haven’t yet started to save then the only viable strategies for financial security will require leverage and additional risk.

7. Learn to Network –You will build valuable relationships that can result in more customers or clients, or help you land a better job. Successful people realize the importance of networking. In fact, research has found that networking can lead to people performing better at work. Networking helps you become more innovative. The richest people in the world build networks.

8. Save for your Retirement - Open a Retirement Savings Account with CrusaderSterling Pensions to create wealth for the retirement you desire.Click link belowto open a Pension Account today! http://www.crusaderpensions.com/index.php/component/artforms/?formid=2

For more on your journey to a wealthy retirement. Join the conversation with #CSPensions on Facebook – CrusaderSterling Pensions, Twitter @cspensions and Instagram @cspensions.

Call us: +234 12714605, +234 81 8011 2985

Email: info@crusaderpensions.com  or Visit: www.crusaderpensions.com