7 Warning Signs You’ll End Up Poor When You Retire

Updated: September 28, 2023

Everybody wants to retire rich. But wanting is different from actually doing. That’s why most people who want to be rich eventually retire with meager savings – because they don’t log in the time and energy to do what’s necessary to retire wealthy.

Below are 7 warning signs that you belong to the group of people who simply want to be rich, but will most probably end up poor.

1. Your life hasn’t changed much in the past five years

Work achievements aside, how different is your life now compared to five years ago? What was your daily routine back then and is it still the same today? Don’t drift through life.

2. Because you’re too busy working

Work will always be there, but the chance to pursue your passion and achieve your dreams won’t be. Stop procrastinating and start doing what’s important.

3. And you don’t have time to learn new things

People always ask me how I became knowledgeable in business and investing, considering that my academic and professional background is civil engineering.

My answer is by patient self-study through the years. Learning doesn’t happen overnight, you have to make it a habit.

4. You lack financial discipline

It takes conscious effort to change your bad money habits. It’s hard work and often requires doing the things you ought to do, whether you like it or not.

5. Because you live with a short-term perspective

You always look forward to holidays and long weekends, and even plan the things you’ll do during those days. But you never do the same detailed and careful planning for your retirement.

6. Or have no perspective at all

Everything you do today will have an impact on your future. The little decisions you make each day will greatly determine how your life will be in the years to come.

So always ask yourself, how do I want my life to be when I retire, and what can I do now to make that happen?

7. And you simply give up when things become difficult

Financial freedom is not impossible to achieve. If it were, then all the rich people I’ve met must have lied to me about it, but I know they didn’t.

But more importantly, achieving financial freedom is not easy. If it were, then it would not be a goal worth pursuing.

What to do next: Click here to start your financial journey with IMG Wealth Academy


  1. a nice article to ponder on! thanks Sir Fitz for continously sharing your thoughts, knowledge and skills to keep us motivated in getting our goals —- achieving financial freedom! God bless you more and more!

  2. before i dont know investing but i do save the problem that keeps bothered me is how do some actors who dont have movies all the time keep their lifestyle intact like Fernando Poe ( RIP ) or Sharon Cuneta, then one guy i heard talking to his phone about stock market and mutual funds at that time im working in Rustans Makati that caught my interest i patiently wait for the guy to finish his conversation over the phone then i gathered all my strength introduced my self and i found out the guy is a stock broker and the rest is history, im now on my 10th year in investing in stock market and mutual funds my strategy is LONG TERM INVESTING now im confident that i will retire a MULTI MILLIONAIRE

  3. i used to have stocks at Jollibee but i just sold them when i resigned and migrated here in Canada. Its really nice i bought my share like P10/share and sold that prevailing price at P60/share. its really good

  4. your financial tips are great, sir. however, it seems that your advices easily apply to single persons. As much i want to apply them in my life, my married life makes it difficult for me to do that. i have to admit that my wife and i are not financially compatible. do you have any advice for couples (not necessarily married)?

  5. Hi Fitz,

    Nice article. I was surprised that you are a civil engineer too. I have been reading your blog for some time now and it have help me a lot in understanding the basics of investing. I have just started investing in stocks and mutual funds.

  6. By the way, what other investment instruments aside from stocks and mutual funds that I can look into? Can you give a list of your invesment instruments?

  7. Hi Fitz,

    You’re one of the people i considered as my mentor. I used to send msg using my company email. Last July 2013, i resigned from my work after 13 yrs. Honestly, being with your own business is not a walk in the park. I’m struggling right now and the best thing i can do is researching, thinking and etc to increase my profit. With God’s help and many of the advice i am getting, i know i will overcome these.

    thanks and God Bless

  8. One of my greatest fears is to retire without any money on my pocket. I think it’s about time i find a really good investment. Been hearing about stocks and mutual fund, where can i inquire about them?

  9. Hi Sir Fritz,
    I am an avid reader and follower of your blogs. I learned so much from reading your articles. I am always eager to read everytime you have a new articles posted.
    Anyway, inspired by all of these reading and other few blogs that i find helpful, I enrolled my self to eip uitf of bdo. I understand now how it works , thanks to u. I tried investing little by little like 2k each month .i have the balanced fund and equity. My investment goal is for retirement and plan to invest for 5 to 10 yrs.how much do u think i will get after 5 to 10 or 15yrs…i started the eip 2013..
    Thank you …

  10. Hi Sir Fitz!

    With the financial literacy that IMG-International Marketing Group is advocating one can retire rich if they know exactly how money works.As an OFW we need financial education to sustain the growth of our hard earned money because our works abroad is temporary but our needs is permanent.The high cost of living on retirement period is looming because of medical needs.
    Thanks to IMG,we are guided on the proper way of investing.Building a solid financial foundation is like building a house.One must build it from the ground up.
    Build it right build it strong.
    1.HEALTHCARE ( long term and short term care)
    2.PROTECTION (Life Insurance)


  11. Hi Fitz,

    Thanks for such a great article about an eye-opening reality checklist for myself personally. I am one of the many you’ve helped understand Forex trading. I discovered Forex just innocently surfing the web many years ago but didn’t take it seriously until this year. The reason mainly is that I didn’t understand it and didn’t see anybody else I try to speak about it with didn’t seem to care until I found your blog and you really care about the topic. So you’re one of the people I am so grateful for #3 in your 7 warning signs.

    Tanks again and Gob bless!

  12. I unfortunately have seen how easy it is for people to stay with the poverty mindset. We told our YaYa that we could not be there to cover all her family emergencies forever. She was always compensated well above going rates plus groceries and transportation money. We recently attempted to set her up with min-versions of two business that have worked very well for us over time. We had a hope that the family would compound at least a part of their new found wealth and purchase a home away from the awful place they still live. If they had only followed the plan, they would have had the downpayment for a modest home by Christmas time 2019. So far. our test run has shown these folks we care so much about apparently do not care much about their own future. Every peso of their earning gets spent on low value trinkets an non-necessities rather than something of value that could, in a serious emergency, be pawed. If we ended the test run today, we know the family would be right back where they started from. “If you always do what you have always done, you will always get what you have always got.” That quote is often sad but very true.

  13. Indeed sir fitz! Thank you for this blog . I’m still a student and your blog is very helpful ❤

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