It is that time of the year that resolutions get made. We do this with great enthusiasm. Anything new thrills us. A new movie, a new restaurant opening in town, a new dress, a new baby, a new year. We are excited. We have great hope that it will be better than what we are … Continue reading Keeping Your New Year Resolutions
Bruce Lee once famously said, “I fear not the man who has practiced 10,000 kicks once. But I fear the man who has practiced one kick 10,000 times” The saying captures the essence of the compound effect. The compound effect refers to how making small behavior changes can compound into life-changing results over time. It … Continue reading The Compounding Effect
Let us look at some numbers. Table 1 below shows the figures that you will need at the age of 60in your retirement savings. AgeAt 60 Amount needed-25 YearsPresent Retirement FundAnnual Contribution ( 6%)Monthly50155,3743,089,0671,000,000294,35224,53140 254,7175,031,834500.000166,95213,91330 414,9078,196,32580,000108,4769,040Table 1 The first column of the first row, shows the age. If you are 50 years of age this … Continue reading Retirement Series – The Numbers
Have you ever wondered what is your price? How do the people in your life view you? How much are you worth to them? For the sake of brevity, let us put aside our family and loved ones aside. We are going to assume that you are priceless for them. Ideally that should be true, … Continue reading Some Thoughts on Friends.
Why do we procrastinate planning our retirement? Most of us in a paid job will retire. Mandatory retirement differs between countries, most being in the bracket of 60 to 70 years of age. Unless we have a job that allows us to be employed until the day we die, very few of us can expect … Continue reading Retirement Series -Why We Are Not Planning Our Retirement?
The commonly accepted term for life after a career is called retirement. Often seen as a reward after spending a lifetime at work. It can fun in the sun for some but for many it is often a time of fear. The fear is well founded, for when a career or job is finished, most … Continue reading Retirement Series – Retirement and The Need for Planning