THE NEED FOR RETIREMENT PLANNING -Odunze Reginald C

     According to an article in Yahoo Finance captioned “7 ways to Retire happy” Mandi Woodruff opined that  In a new book, “You Can Retire Sooner Than You Think,” Atlanta-based investment advisor Wes Moss, offers an alternative to the traditional line of thinking. Rather than focus on a dollar amount to reach for, Moss decided to figure out what retirees needed to be truly happy in retirement”
“I wanted to go beyond simple income numbers,” Moss says. “I wondered what it really takes to get somebody to a point where they truly feel they have a cushion and they are also enjoying life.”
“In 2012, Moss conducted an online survey of more than 1,200 workers who had either already retired or were fewer than 10 years away from retirement. He asked them questions about what type of cars they drove, where they shopped, how much their homes were worth, and, of course, how much they had saved for retirement. But he also asked about their passion projects, how often they went on vacation, what types of volunteering they enjoyed, whether or not they were satisfied with their lives, and how much time they put into their retirement planning before calling it quits. (Moss did not ask participants about overall debt levels like student loans and credit cards, but did include questions about their mortgage debt).
What he found was that more money doesn’t equate to more happiness. The happiest retirees didn’t all drive BMWs or take 12 European cruises a year, either.”

   

     Of all retirement strategies, retirement planning  is often considered the best and the most cumbersome and according to BBC capital, We all have goals. Perhaps it’s to buy your first home. Or to travel the world. Or to leave corporate life for your own company. Or to send a child to university abroad.
Some of these goals take decades of planning, but many can be managed within just five years. That’s right — with smart thinking and planning you can launch the next phase of your life in less than a decade. 

    

     Why retirement planning  is very technical, is that any phase that has passed is irreversible and so staying motivated is the key to a safe retirement planning, and as the millennial are better positioned for effective retirement planning, the rest of us may not have such a privilege. It therefore behooves on us to strategize and plan for our retirement right from the time, we secured a job.

     Planning when not put in place is  often devastating  and according Elizabeth Garone in an article captioned “From doorman to boardroom”  she noted that “this should be a mandatory business skill — no matter what the career stage. “When technology, economics, and politics change as often as Facebook profiles, being president of a company or a country is a lot like being a tour guide who doesn't know exactly where he’s going,”  if planning is not followed and adhered to.

     BBC capital rightly opined  It’s never too late to start planning for the next big adventure. Start now. In five years, you’ll thank us.

Managing old age and Retirement -Odunze Reginald

Image credited to ICICI

Tol stoy stated that “the most unexpected thing that happens to us is old age” 

Under normal condition, old age should have been expected but people do not know that time flies and that is why old age becomes unexpected. And Kiyosaki stated that “ Boldness has genius , power and magic in it , people who play it safe lose out on the best education in the world and waste a lot of precious time” Time  is the most valuable assets especially as you get older.

Therefore as time is not our friend it behooves on us to plan effectively for our lives and future right from the young age.

One you should be able to have a passion and according to Kiyosaki, he noted that without passion, the best business, the best plan and the best people will not become successful.

Managing old age and retirement has everything to do with passion, as passion is the driving force in all aspects of life, all dies if there is no passion.

One thing is to have desire and another is to have the ability but the greatest is passion, passion can with imagination can drive you what you will definitely marvel as Albert Einstein that imagination is more important than knowledge.

Therefore, one of the key to managing old age is that of positive imagination that all be well no matter the situation, you will definitely find yourself in that situation. And as Nicholas  Murray Butler  noted that “optimism is essential to achievement and it is also the foundation of courage and true progress”

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Avoiding being victim of fraudsters and other related crimes-Odunze Reginald C

Images credited to white collar crime

In a film, titled  “the wolf of wall street”,  Based on the true story of Jordan Belfort, from his rise to a wealthy stock-broker living the high life to his fall involving crime, corruption and the federal government.

I just received these messages in Face book chat, it states and I quote

“hello dear I am miss Rita I saw your profile here on Face book and become interested to be friend with you please kindly reply me so that I
will send you my picture and tell you more about myself”

These were wordings of a scammer, and if you are not careful, you may think that the young lady who may be a man camouflaging as a woman is interested in you, alas such is not the case; he or she is only interested in your money or even in your life.

In early 90s, one of the major tactics used by these fraudsters to trick foreigners  were  to write to different companies through the Chief Executive Officer or Managing Director  of fake companies offering bogus contracts that does not exist, and trying one or two voodoos in hoodwinking suspecting public, they were also involved in other related scam devices like employment, property scam, Alhaji‘s port folio (IBU ALHAJI), there were also the Arrange, wash- wash  that involved the laundering of money with mercury and other substances as they claimed. Usually carton of neatly cut papers coated with carbon.

But fraudsters now used the internet to dupe their victims. And according to Alex (2007:7) in an article in the Guardian Newspapers captioned “Nigeria fraudsters have moved to West African Nations say EFCC. He stated that these fraudsters have shifted their operations to foreign countries and other West African countries, since Nigeria has been labeled a fraudulent country.

They open up offices and operate as if they are in genuine business, all they do is to acquire computers and internet facilities and business has started.

Back to the messages, it will be erroneous for one to reply to these Face book chat messages, as they are intended to cheat, defraud the suspecting public, why should a woman be interested in a man that she is seeing on the pages of Face book, why should a woman be interested in a man that that has displayed his marital status, pictures of his wife and children, the gazed is as good as mine.

The dangerous of it is that most ladies has followed such people to hotel rooms and some get killed or fleeced of their hard earned money, the case of Cynthia is still fresh in our minds.

So what do you to avoid scammers and con artist, and as Robert Schuler will say”if you are at the bottom weighed down by overwhelming circumstances, if you are at the edge of panic, the most dangerous thing, you can do is to make a negative irreversible decision” Schuler (1988:205)   Continuing he said “keep believing and there will be a breakthrough. You will break through the challenges that you are currently facing” Schuler (op cited)

Believe that there is no free gift even in Freetown, once you have that in your mind; it becomes increasingly difficult to scam you. In the universal format of next of kin, people are sent scam mail asking them to present themselves of owners of the fund, but does it exist.  My colleague once received a text messages signaling his winning a lottery in 5 Million in MTN promo, unknown to us , he kept it secret, and was busy asking us how much is the price of a particular Honda. We became suspicious of him knowing quite alright his meager salary.  He left only to come back to inform us that he was asked to send recharge cards. Though he did not disclosed that if he actually send or not, but I think became vulnerable to their antics because, he was expecting a free gift.

Nowadays people are hoodwinked because of sex, as the con artists send such messages, if you are not careful, you will be doomed, there is no story about it, so the best a man can do is to avoid unsolicited relationship, sex and money. By so doing you will be doing yourself more good but if go ahead you may be a victim of fraud, or crime of passion.

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