Watch this — Building Life
I watch this slide-show by an anonymous writer and I find it to be true to life. Whatever we choose to do in our life, we need to do it with our heart, otherwise, we will end up like this excellent carpenter with immaculate carpenter skill but who built his own house shoddily.
Remember, your life is yours to live. You don’t live it for your parents, your spouse or even for your children. Evidently how you live and die rest fully upon yourself in your own two hands.
Be a master builder of your own life and allow the next generation to emulate your good example by living a healthy, wealthy and happy life. Take care of your own health, work hard to build your financial wealth and while doing both stay happy.
I think the most common question asked is “How much longer to your retirement?” or “At what age do you plan to retire?” But, with the advance in technology and the financial climate changing, the more apt question would be “How much do you need to retire?”
Famous and smart celebrities have the privilege of saying “The question here is not at what age I wish to retire but its at what income I want to retire”. If this ring true for you, you’re blessed.
Every new year will bring us closer to the day we dream of. The day we can stop being in the rat race, the 9 to 5 routine or the weekly 3-shift work we are in. Whether we want it or not we will eventually retire one fine day.
The last day of the year; 31st December, always give me that feeling of underachievement. Of not doing enough or not completing all that I intended to. It gives me the déjà vu feeling, that I have been on this road before. Why?
It is time for reflection….. had we done what we had set ourselves to do at the beginning of the year or had we done enough for ourselves and for others?
You have to learn to plan well to retire well. Year-end is usually the budget time for organisation and companies and it could be also the right time for personal planning. As I have said in my previous posts, if you fail to plan, you plan to fail.
Face Your Fear
I asked my young son “Why are you broke before the end of the month?” and he shakes his head with the answer “I don’t know”. Then, after pondering a moment, he said “Maybe because I earn too little, I am going to look for a better paying job.” Well, that may be somewhat true but frankly speaking, no matter how much you earn, it will never be enough unless you put up a good financial plan.
When asked to write down all his monthly expenses, his response was “No way, I am not going to shock myself”.
I felt this is the common fear people faced when its time to financial plan. I would advise all to take the bull by the horns and go for it. Face your fear and find out where you are wasting your money and what is causing you not to be able to save.
John Wesley who founded the Methodist Church in the 18th century used this simple rule to teach God’s love. Universally, God’s love is doing good works.
Do all the good you can,
By all the means you can,
In all the ways you can,
In all the places you can,
At all the times you can,
To all the people you can,
As long as ever you can.
By John Wesley
December is the time of the year where people make resolutions to be better for the next year. The Christmas and New Year festivities allow us to spend relaxing time with our family and friends, reflect on the past year’s achievements and shortfalls and shout out our resolutions for the new year.
Yes, the usual resolutions are to lose that extra 10 kg you have gained over the year or to stop smoking or even to be a better person by promising yourself to do a few good deeds a day; give up your seat in public transportation to the elderly, disabled and pregnant etc etc. All these are fine and good but let us change the theme for this year’s resolution.
How about setting a goal to retire young and rich? It is a lifetime goal and if you have set this goal then your next 5 years’ resolutions will be set for you. In fact, your new year resolutions are set for life as you now have a life long direction. Here are 5 I can think of on top of my head; maybe you have more to share……
Every one has to retire at one point or the other. Whether you retire early or late depend very much on your financial situation and your family background. Some who are late starters; meaning those who are almost at retirement age but still having young children might not be able to retire early even if they want to. Others are luckier in the sense that they have their retirement years all planned out.
Remember, when you retire you are expected to draw on your retirement funds and investment portfolios for at least a minimum of 25 years; some may be longer depending on individual life span.
Here are 3 things you need to do before you retire:-
You don’t have to be a qualified analyst or have a degree to trade in the market. To earn good income from trading can be an option for anyone who has a keen mind and a willingness to learn. Time will help you excel in this skill. Here is a few pointers to help beginners get started.
- Read, Read and Read
The man who doesn’t read good books
has no advantage over the man
who can’t read them.
Sometimes when you read on “Investing” topics and “Investing” books, you get all kinds of advice, all kinds of strategies and all kinds of methods to invest. At times you even get contradictory strategy. Some says to diversify, others advise to stick to one; all with good reasons… So, who do you listen to?
Then, you might be told to listen to the successful ones and do exactly what they do and you won’t go wrong. Here again there are so many successful ones with different methods and ways. If you are new to investing, you get more confused. Some might just give up on their quest to invest.
Today is Sunday, I woke up ready to have a lazy day but when scanning news online, I had headline like this “1,600 turn to Bank Negara’s AKPK unit every month” screaming at me. This is alarming for a small country like Malaysia.
These 1,600 individuals turn to the Credit Counselling and Debt Management Agency (AKPK) for help to manage their debts. What about those who are also in debts but are not aware yet and also there are those already in debts and trying to clear them on their own to save their pride. I am appalled by just thinking about it.
As reported by Rashvinjeet S Bedi, the number seeking help monthly has tripled since the agency was set up 18 months ago. And I am sure it will continue to rise if nothing is done to educate these people about how to handle their personal finances.