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5 Signs You Will Retire Poor

“If you are born poor, it’s not your fault. But if you die poor, it’s your fault.” ~ Bill Gates

Poverty is often a generational thing. You might be poor simply because your family has always been poor, which is one of the hardest environments to make any positive progress in. But with today’s technology and the many business and job opportunities available, we can probably say that poverty is a choice – a choice not to take action about your current situation. So, if you’re wondering whether you will retire financially better or poor, be wary of the following signs.

  1. You’re leading the same kind of life for the past five years. Work achievement aside, can you honestly tell that your life is comparatively better than five years ago? Was your daily routine still the same today? If you’re drifting through life, chances are, you’re drifting to poverty upon retirement.


  1. You’re stuck in a debt trap. Whether it is credit card, payday loan, debt settlement loan, debts and bad financial decisions will keep you broke. So, as fast as you can, get out of the debt trap, cut those credit cards, pay your lender diligently and lead a debt-free life.
  1. You’re not making savings a priority and live with a short-term perspective. Saving is the holy grail of living comfortably in the future. If you’re spending everything you earn today, you will have nothing to spend come retirement.
  1. You don’t know where your money is going. Many people live from paycheck-to-paycheck. They are usually at the last penny before the next paycheck comes, clueless as to where their money goes. Such is the result of not having a budget.


  1. You don’t invest in education and training. Better opportunities come to those who seek to learn new things and upgrade their knowledge and skills. So, if you’re looking to get better paying jobs, invest in yourself first.

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