3. Invest wisely
The closer you are to retirement, the less risk you can afford. Before you make investment decisions assess the risk vs the return of such a decision.
- Shares (Higher risk, potential for higher income)
- Property (Medium risk, potential for steady income)
- Interest-paying (Lower risk, potential for some income)
You can also consider supporting a startup this can result in big gains, but many fail so it can be risky.
One common strategy is to create an investment portfolio spread across a variety of assets with different risk levels, such as shares, property, and bonds.
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How to See Through the Smokescreen of Gurus who Promise you Wealth
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