Ephy
Active member
Planning is the act of setting or building up for something moreso life or even work. When we talk about retirement this is the age that you cannot continue to work in any government office or being employed by government. Therefore a certain age is kept by the government when one reaches he or she has to retire. Why? This help in job creation and creating space for the unemployed youths to be employed.
But today we're talk of how you're going to plan your retirement. It doesn't mean that you've retired you should not work, you can work as long as you have the strength and capability to do the work. If you retire from the government jobs you can as well be hired by the government authorities which are the non governmental organisations (NGO's). But have you thought of what happens when you're not employed by any NGO? That's why planing is every important before you retire.
How are you going to plan for the retirement:-
1. Make sure you save some funds while working - this will help you be able to start up your own business so that you can continue earning or even employ people to work for you making your life more easier.
2. Avoid overspending - Make sure you reduce unnecessary costs this will make it easier for you to build up and save for your future.
3. Save with Sacco's - It is advisable to save your money with sacco's this will enable you get quick and reliable loans to start up any business that you want.
4. Invest while still working - start up a business with the little you have with time it will grow to be more profitable hence increase or expand the business in the future. While investing don't just invest look for a profitable business that has a gap and you have the ability to fulfil people's demands. Make it as a hobby don't just take it as a business but do it with all your heart and you'll see the results.
5. Knowledge is power - Take time to understand and study the needs of people before starting any business in that it will be very easy for you to prosper rather than just starting something without even looking at the market. Also look for enough information concerning the type of business you want to start like what kind of business, what capital is needed, location and even the customers.
6. Be positive minded - when doing the business Make sure records are kept plus also have big dreams and make realistic goals that you can achieve. Make sure all records are upto date plus always think of how you are going to expand the business.
7. Spend your money wisely - when you have low capital avoid buying luxurious things like cars. This will be liability to you and make your life more miserable but with te when the business pays alot profit that you can manage that type of life go ahead and buy as many as you want.
But today we're talk of how you're going to plan your retirement. It doesn't mean that you've retired you should not work, you can work as long as you have the strength and capability to do the work. If you retire from the government jobs you can as well be hired by the government authorities which are the non governmental organisations (NGO's). But have you thought of what happens when you're not employed by any NGO? That's why planing is every important before you retire.
How are you going to plan for the retirement:-
1. Make sure you save some funds while working - this will help you be able to start up your own business so that you can continue earning or even employ people to work for you making your life more easier.
2. Avoid overspending - Make sure you reduce unnecessary costs this will make it easier for you to build up and save for your future.
3. Save with Sacco's - It is advisable to save your money with sacco's this will enable you get quick and reliable loans to start up any business that you want.
4. Invest while still working - start up a business with the little you have with time it will grow to be more profitable hence increase or expand the business in the future. While investing don't just invest look for a profitable business that has a gap and you have the ability to fulfil people's demands. Make it as a hobby don't just take it as a business but do it with all your heart and you'll see the results.
5. Knowledge is power - Take time to understand and study the needs of people before starting any business in that it will be very easy for you to prosper rather than just starting something without even looking at the market. Also look for enough information concerning the type of business you want to start like what kind of business, what capital is needed, location and even the customers.
6. Be positive minded - when doing the business Make sure records are kept plus also have big dreams and make realistic goals that you can achieve. Make sure all records are upto date plus always think of how you are going to expand the business.
7. Spend your money wisely - when you have low capital avoid buying luxurious things like cars. This will be liability to you and make your life more miserable but with te when the business pays alot profit that you can manage that type of life go ahead and buy as many as you want.
