Why do some people spend their whole lives working only to
find themselves still short of money in old age?
The answer is simple — they don’t know how much is needed
and what can be done to always have enough money.
Many of us want to believe that retirement planning is easy
because you can always invest your way to a good life. The reality is many of
us are good at our work, but extremely bad when it comes to managing money
because we do not make the effort to find out what are the prudent options to
manage our wealth.
The worst thing that can happen is for you to discover that
your investments do not pan out as planned in old age and it is too late to do
anything.
The lesson here is simply this — knowledge is money and it
really pays to gain more of it.
In his new book, The Straits Times Invest
Editor Tan Ooi Boon shares more tips and advice on how you can become smarter
with money so that you can retire well. Just like his weekly column, this book
offers you a practical and enlightened view on how you can manage your assets,
by:
- Looking
ahead
- Knowing
your properties
- Knowing
the law that governs money
- Knowing
what you are investing
- Avoiding
scams and bad deals
- Planning
for a peaceful life and legacy
Know that smart people are not necessarily rich. Their
knowledge makes them happy people because they have enough to retire well and
are enlightened to know how to keep and make the most of what they have.
