The Retirement Paradox
How do most people define success and failure in modern day retirement planning? And why the very thing most people want to achieve makes them fall into a cycle which takes them further from the actual retirement goals they want to achieve? And lastly, you will learn what is the fulfillment curve and the diminishing…
Retirement is about Re-tiring for the next phase of life
Imagine you are going for a cross-country road trip. What if you are ill-prepared for the trip? What would be the consequences? The fact is, retirement planning and management is a dynamic problem due to its nature, so how do you solve a dynamic problem? Permanent solution won’t work for a dynamic problem.
Prepare for the Non-Financial Risks in Retirement
Most people treat impending retirement as a pure financial issue. In fact, there are at least 6 common non-financial issues you need to be mentally prepare to face, such as: Sense of Identity Loss Poverty Consciousness … In the Advanced section, we will address these head on and how to mitigate the risks.
Anticipate the Financial Risks in Retirement
You may already know what will be your financial risks after retirement, but let me give you a new spin on this aspect. Most people are concerned about market volatility affecting their retirement nest egg; I say, you are looking at it wrongly. Also, people are worried about the official inflation rate reported, but I…
The Origin of Retirement
Before the Industrial Revolution, the concept of retirement is unheard of. Do you know why? This section reviews how has the retirement concept evolved, which further birthed what we know as retirement & pension funds today. And how financial services industry came in to serve the the nirvana promised by ‘retirement’ as we know it…
Why you cannot wait to ‘retire’
Most people are impatient when it comes to wanting to reach that desired retirement stage. The earlier they can do so before the mandatory retirement age dictated by society, the better. In fact, early retirement is deemed a life success. The truth is, this is a very shallow and wrong mentality. We drill deep into…
Why Follow your Passion is a bad idea (here’s a better way)
Now after identifying what rocks your boat (read:passion), you should have developed a better mentality when approaching the topic of retirement. However, passion alone is too fleeting and unrealistic. You must also balance things by considering what you do best which people will pay you for it. Here, you’ll learn how to mash up these…
Retire from [ ] –> Retire to [ ]
Retirement is not end of everything. If you think it is, then you’ll be dying inside before you physically die. Ponder over this – you’ve honed your skills and become probably the absolute best version of yourself after all these years in your vocations/career/business (even if you are in a job which you disliked). It…
How to Retire on Purpose
Without a purpose in life, we as intellectual creature will feel aimless. Insignificant, regardless of the size of our retirement nest egg. Money is just a means to an end. In this lesson we will be looking at: The 3 ways people retire – from the least desirable to the most desirable The outlook in…
The 3 Most Difficult Things When you Retire Earlier than your peers
Retiring before the mandatory retirement age in your country might sounds like a dream, but those who have been there, done that came to realize it is not a bed of roses. Here are the most challenging things you have to take note: 1. You have to retire to something If you don’t know what you…