Be Legendary
People can be untrustworthy for a variety of reasons. Some individuals may have a tendency to deceive or manipulate others for personal gain, while others may struggle with issues such as addiction or mental health disorders that can lead to untrustworthy behaviour. Additionally, past experiences of being betrayed or hurt can make it difficult for … Continue reading Untrustworthy People
Difficulty Managing and Budgeting Finances Difficulty managing and budgeting finances during retirement can be caused by several factors. One reason is that retirees may have a fixed income from sources such as, pensions, savings mandated by the government as in Employees Provident Fund (EPF) in Malaysia, or personal savings, which may not be enough to … Continue reading Retirement Series – Budgeting, Finances and Decisions
Staying mentally and physically active during retirement can be challenging for several reasons. One reason is that retirees may experience a loss of purpose and social connections after leaving the workforce. Without the structure and routine of a job, retirees may find it harder to stay engaged and motivated to participate in activities that promote … Continue reading Retirement Series – The Challenges of Staying Mentally and Physically Active.
Besides financial and health challenges, retirees go through other changes in their once they stop active employment. We look two of those here, namely change of lifestyle and social isolation. Difficulty adjusting to a change in lifestyle or schedule For many people, work provides structure and purpose in their lives, and retirement can leave a … Continue reading Retirement Series – The Challenges of Changes in Lifestyle, Loneliness and Isolation
The are other factors that you must consider apart from having enough money in your retirement fund. Other factors that you must attention are: Health issues and the cost of healthcare Loneliness and social isolation Loss of purpose or feeling of uselessness Difficulty adjusting to a change in lifestyle or schedule Difficulty staying mentally and … Continue reading Retirement Series – Other Retirement Concerns (Apart from Money)
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?
