There are several reasons why people struggle with decision making: Lack of information: Decision making requires accurate and relevant information. The lack of necessary information to make informed decisions is the biggest source of indecision. Cognitive biases: Cognitive biases can impact decision making by causing people to make choices based on preconceived notions or flawed … Continue reading Decision Making – Why Most Suck At It.
As we age, here are some of the changes we can expect. Loss of muscle mass and strength Decreased bone density Decline in cardiovascular function Reduced flexibility and mobility Changes in vision and hearing Slower metabolism Increased risk of chronic conditions such as arthritis, diabetes, and high blood pressure. It's important to note that not … Continue reading Retirement Series – How Our Body Changes as We Age.
There is always an element of risk, but investing is good for several reasons: Possibility for better returns: Compared to merely saving money in a bank account, investing has the potential to produce larger returns. While investment returns are not guaranteed, traditionally the stock market has offered greater long-term returns than savings accounts. Investment can … Continue reading Why You Must Invest and Why Some People Don’t.
Making the transition from employment to self-employment requires careful planning and preparation. Here are some steps that can help make the transition smoother: Develop a business plan: Create a business plan that outlines your goals, target market, products or services, marketing strategies, and financial projections. Save money: Save enough money to cover your personal and … Continue reading Self Employment – Making The Transition