An early start to retirement planning puts you on the right path to luck


If you have a positive mindset and are willing to save and invest, you will see growth not only in your money, but in other areas of your life as well.

ANYONE can be lucky in retirement, but it takes preparation, having the right attitude, being ready for opportunity, and taking action.

Former editor of Hit review and author of Compound effect, Darren Hardy, said that the formula for luck is preparation + attitude + opportunities + action. Starting to plan for your retirement early will put you on the right path to luck. It was Richard Bronson who said, “Luck is what happens when preparation meets opportunity.” Are you ready to act when the chance presents itself? When investment opportunities come your way and you procrastinate instead, you are sure to be out of luck. Being lucky means preparing now with what you have and taking advantage of every opportunity to earn more, get better, and achieve more.

As you prepare for retirement, are you learning a new skill? Have you decided on a new hobby? What if you paid more attention to your health? It is important to make hay while the sun is shining. It is often said that others got ahead because they got lucky. But if you’re prepared to do whatever it takes to save, invest, and learn, chances are your activities and mindset will position you to seize the opportunities. Taking the right steps to grow your money for the long term and ensuring funds are also invested for emergencies and opportunities will reap great rewards in times of crisis.

Having a positive mindset helps to be lucky. If you think you are going to die prematurely, even if you are currently healthy, you may never enjoy planning for retirement or even having a comfortable life after your working years are over. Our attitude towards money growth will determine how much money we have rather than how much money we have. Investing money in stocks requires investors to take a long-term view, whether the goal is to create wealth or financial freedom. If every time there is a drop in the stock market, the investor panics and sells out of fear of losing money, then that investor will continuously lose money. An investor who is committed to achieving sustained growth and long-term financial freedom will be in luck because no one can quite “time the market”.

From a biblical point of view, it was King Solomon who said: “I have seen again that under the sun the race is not for the rapids, nor the battle for the strong, nor the bread for the wise, nor riches to the intelligent, nor favor to those who have knowledge, but time and chance come to them all.

A savvy investor understands the value of staying in the market “to buy good stocks and hold them”. The savvy investor will be lucky when the market overcomes early volatility and the investment experiences exponential growth caused by compound interest. It is the attitude of the investor during market turmoil rather than the behavior of the market that will determine whether the investor will succeed or fail to achieve long-term growth in their assets.

It is said that the more prepared you are, the more opportunities will come your way. If you have a positive mindset and are willing to save and invest, you will see growth not only in your money, but in other areas of your life as well. Luck happens when opportunities are seized. Others will say they were unlucky, but lack of preparation negates the opportunity. Retirement planning requires discipline. There will be challenges along the way, but the “pessimist sees the difficulty in every opportunity and the optimist sees the opportunity in every difficulty”. As stock markets experience declines and instability, which have impacted not only stock markets but also pension fund returns, it is now possible to continue saving and investing as stocks can be bought at reduced prices. Investing in the stock market during market downturns will produce long-term financial rewards that will offset periods of weak or negative growth. The current financial climate offers the opportunity to review and/or increase your emergency funds, check real estate options and consider diversification strategies so that, once the crisis subsides, your long-term investments benefit from the market rebound.

Taking action is the only way to seize opportunities. Pre-retirees can be offered many opportunities to save and invest for major goals, such as long-term health care and preparing for retirement. It’s the timely response to opportunity that will help you determine the size of your retirement nest egg. Any delay in planning for your retirement can be costly. If you’ve made the minimum contribution to a retirement plan, taking steps now to increase monthly contributions or open a long-term investment account could improve your retirement nest egg. Don’t ignore the opportunity to act. If you’re looking for peace of mind in retirement, be sure to seize opportunities when they arise. Be warned that “teachers open the door, but you must enter on your own”.

Grace G McLean is a Financial Advisor at BPM Financial Limited. Contact her at gmclean@bpmfinancial. and visit the website: She is also a podcaster for Living Above Self. Email him at

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