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A survey revealed that many people over fifty do not have enough money in their superannuation account to begin preparing them for their retirement. Since we are all living longer, that means:
a) a lot of people are going to be dependent on the government for their survival, and
b) a lot of people who had planned on retiring are going to have to keep working. So, what should you do?
1) Cut back where you can and start saving more. ‘There is desirable treasure, and oil in the dwelling of the wise, but a foolish man squanders it’ (Proverbs 21:20 NKJV).
2) Find a financial planner to help you assess where you stand, and the level of income and expenses you’re likely to have during retirement. That way, you can customise a plan suited to your financial goals. ‘In the house of the righteous there is much treasure, but in the revenue of the wicked is trouble’ (Proverbs 15:6 NKJV).
3) Honour God with your finances. ‘Honour the LORD with your possessions, and with the firstfruits of all your increase; so your barns will be filled with plenty, …’ (Proverbs 3:9-10 NKJV). Giving brings God’s blessing!
4) Trust God to take care of you. ‘So don’t worry about these things, saying, “What will we eat? What will we drink? What will we wear?” These things dominate the thoughts of unbelievers, but your heavenly Father already knows all your needs. Seek the Kingdom of God above all else, and live righteously, and he will give you everything you need. So don’t worry about tomorrow, …’ (Matthew 6:31-34 NLT).
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