Throughout my financial planning practice, I have encountered a few alarms that I think will help you make financially sound decisions EVEN if you’re near or past 50 years of age. Take this list of “key mistakes retirees make” to ensure your income still rides over inflation.
Should you remain conservative? Aggressive? What are the type of investments you need to begin today, so money can work for you tomorrow? As you will soon rely on the capital you’ve built over the years, what should be your plan in living the next golden years?
While it does make sense to preserve what you currently have, it is likewise important to grow it too. Inflation, which we call the “silent killer” will slowly spill your savings cup and ruin you. Assuming the Lord blesses you with long life, you need a plan to produce passive income to sustain you.
We have a special course to help you plan your golden years and finish strong.
Too often most of us spend the first half of our lives scrambling; building a career, buying a home, and starting a family. Avoid the key mistakes retirees make and know deeply the purpose God has for us. This course will help you get your finances on the trajectory of financial independence, without losing your God dependence, and reignite your purpose for your second half!
A very insightful discussion on a Christian’s financial investments. As God’s stewards, we are called to generate strong financial returns on our investments. Wisdom would likewise guide us to place it on projects, and companies that are very close to our faith, values and beliefs.
Set cash aside for savings, also to prepare for financial opportunities that may present themselves. Diversify and invest in high-quality assets. The impact of war on our finances is imminent, but when you plan and commit it to the Lord, He will be your shelter and shield. Proverbs 16:3 assures us “Commit your work to the LORD, and your plans will be established.”
Take a look around the world and you would agree that the world is very different. It has changed. Natural and man-made disasters, COVID-19, and of course, war. The impact of war on the world’s economy is unprecedented as we see countries coming together to wage not just armed conflict but economic conflict as well.