There is no need to panic!

Finweek English Edition - - INVESTMENT -

Many peo­ple do not re­alise that they are in fi­nan­cial trou­ble un­til they are ten or fif­teen years away f rom re­tire­ment. Re­al­is­ing that you don’t have any re­tire­ment sav­ings is a step in the right di­rec­tion. Af­ter re­al­is­ing your predica­ment, do not panic and give up on do­ing any­thing be­cause of the thought that it is too late to start sav­ing. There is still time – maybe not too much, but there is still time. The way to make the most of the time there is left to you is to re­main calm and think clearly and de­ter­mine proper steps that need to be taken.

Try and broaden your knowl­edge by do­ing re­search ei­ther by read­ing rel­e­vant ar­ti­cles and i nter­act­ing with knowl­edge­able peo­ple in the field, and get your­self a qual­i­fied fi­nan­cial ad­viser as soon as pos­si­ble.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.