Be Legendary
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)
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
I have used a few techniques to remind mw on things that I need to do in my life. I have used apps, created my own digital reminders, and used purposed built software. I found all of them useful and each has its advantages. However, I keep returning to the method that i first read … Continue reading Writing List – My Preferred Way
There are several ways in which interest is calculated and paid. The simplest of the methods used is called simple interest. The formula for this is \[S=P\times \mathit{r}\times \mathit{t}\:\Longrightarrow {Formula}\:\mathit{1}\] where \[S = Simple\: Interest\] \[P = Principle\: /Present\: Value\] \[\mathit{ r}\ = Interest\: rate\] \[\mathit{t}\ = period\] Let us consider an example of an investment … Continue reading Simple Interest
Multitasking can take place when someone tries to perform two tasks simultaneously, switch. from one task to another, or perform two or more tasks in rapid succession. It is believed that the word multitasking arose in the 1960s meaning the concurrent performance of several jobs by a computer. It loosened up and became figurative like … Continue reading MULTITASKING- Should You Do It?
Lao Tzu said, “ Man was meant to sit quietly and discover the truth within” and Pascal, the great French mathematician of the 17th century wrote, “ All of man’s problems could be solved if he could just learn to sit alone in a room with himself for an hour” The mind is a chatter machine. There … Continue reading Having a Quiet Mind
