5 caterpillars wey dey destroy good retirement

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Blessing Chuks Okonta

Retirement no be something wey just
happen by luck. Na planning, discipline and correct decision dey make am sweet. But some bad habits dey like caterpillars — dem go quietly chop your future if you no careful.

1. No Get Clear Retirement Plan
If you no know how much you need and when you wan retire, you dey waka without direction. Many people just dey hope say “things go sort themselves.” Retirement no be trial and error matter — you need plan.

2. Depend Only on One Source of Income
If na only pension or one business you dey depend on, wahala fit show. Smart people dey build multiple streams — investments, property, side business, annuity, etc. One source fit dry anytime.

3. Poor Savings Habit
“I go start next month” na one dangerous statement. If you no dey save consistently, even small-small, retirement go hard. Time dey important — the earlier you start, the better the result.

4. Spending Without Control
Lifestyle inflation na silent destroyer. As income increase, expenses increase pass am. If you no control spending, you go reach retirement with plenty stories but empty pocket.

5. Ignoring Insurance & Risk Protection
Medical emergency or unexpected loss fit wipe years of savings. Health insurance, life insurance and other protection plans dey important to secure your retirement plan.