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Inflation. Inflation is a measure of the rate at which the overall price level of goods and services in an economy is rising. It is typically measured using a basket of commonly purchased items, such as food, housing, and energy, and is represented as a percentage change over a period of time, usually a year. … Continue reading Retirement Series -Meet The Number One Enemy
An emergency fund is a savings account set aside specifically for unexpected expenses or emergencies such as a job loss, medical emergency, or unexpected home or car repairs. It is generally recommended to have enough money in an emergency fund to cover three to six months' worth of living expenses. This is to help ensure … Continue reading Emergency Fund – A Crucial Element in Your Personal Finance
Saving money is an important aspect of personal finance and financial planning. Some of the key benefits of saving money include: Building an emergency fund: Having a savings account specifically for emergency expenses can help protect you from financial hardship in case of unexpected events such as job loss, medical expenses, or car repairs. Achieving … Continue reading The Importance of Saving and Why Many Are Not Doing It.
There are a variety of reasons why someone might choose to quit a job, including: Lack of growth opportunities: Employees may feel that they are not being challenged or that they are not able to advance in their careers within the current company. Poor management: Employees may feel that they are not receiving adequate support … Continue reading Quitting Your Job -Why, What and When.
As we age, our bodies go through a number of changes. After the age of 60, some of the changes that may occur include: Muscles may shrink and become weaker, making it harder to move around and perform everyday tasks. Bones may become more brittle, increasing the risk of fractures. Joints may become stiffer and … Continue reading Retirement Series – What Happens After 60 (to most)
There can be a number of reasons why retirees may have difficulty maintaining relationships and connections with family and friends. One reason is that retirees may have moved away from their support networks, either to a different city or state, or to a retirement community. This can make it harder to maintain close relationships with … Continue reading Retirement Series – Relationships and Living Arrangements
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
