Living Rich vs Getting Rich = ROL vs ROI
In this lesson, we want to talk about: What is the difference between Getting Rich and Living Rich? Why people have different mindsets? How to balance between means & meaning? What are the consequences of imbalance between pursuing means & meaning? What is ROL and why this is more important than ROI?
The 7 Intangibles that bring you Meanings in Retirement
A meaningful retirement consists any 1 or more of these intangibles. They are: Happiness – wanting what you already possess Fulfillment – optimizing the use of your capability Balance – threading the line between too much and not enough Satisfaction – improving the quality of effort & relationship Sense of security – freedom in pursuing…
The Non-Monetary Preparations for Retirement
Many people got it wrong when planning and anticipating retirement. They think that as long as you have a sufficiently huge retirement nest egg, retirement will take care of itself. The thing is – having a substantial retirement nest egg with no vision of how you want to do during retirement is just like having…
[Exercise] Map your Vision, Time and Work Portfolio*
This is your chance to plan & pen down the 3 important non-monetary aspects in retirement. They are: Vision: What you want to do after retirement Balance: How to spend time weekly to be a balanced person Work evaluation: Identify work that unites your Mind, Heart & Hands ====================================================== FILE>DOWNLOAD AS… FILE>DOWNLOAD AS… …
Monetary Preparation for Retirement – Level 1: Financial Survival*
Most people overestimate their expenses need after retirement. Huh? Yes, I said “overestimate”. Not “underestimate.” You may retort – how can one overestimate? All this will make sense after the lesson below. Going through this lesson also gives you much clarity and hope.
Monetary Preparation for Retirement – Level 2: Financial Security*
In life, there is only one thing we can predict with certainty – is that things rarely happened as planned. And they said – life is what happens when we are busy making plans! Because things which occur beyond our expectation may cause financial mishaps; therefore the more prepared we are, financially, to face these…
Monetary Preparation for Retirement – Level 3: Financial Freedom*
The term ‘financial freedom’ is over-used in the financial planning circuit, and the concept has been glamorized as the nirvana in wealth accumulation. The fact is, financial freedom means very little unless one can achieve financial survival and then financial security first. But to stay at this level, you need to be very disciplined, lest you…
Monetary Preparation for Retirement – Level 4: Financial Blessing*
The thing about financial freedom is that it is selfish. Obviously financial freedom is about me-me-me. But to attain another level higher if you’ve achieved financial freedom is by having the financial resources to give your blessings to others. If you believe that the ultimate usage of wealth is to give back what was accumulated…
Monetary Preparation for Retirement – Level 5: Financial Self-Actualization*
The highest level one can achieve is what is known as financial self actualization. Popularly known in the pop culture as the Bucket List. This is possible when you still have financial resources to spare after attaining financial blessing. For some people, however, they skip Level 4 – financial blessing because they are not naturally…
[Exercise] Quantify your 5 Levels of Financial Preparation for Retirement*
By now, you should have better clarity on the difference levels of financial preparation for retirement. Therefore, we need to quantify each and every of the anticipated expenses associated with all these 5 levels, or at least up to Level 3, and if you have children, Level 4 is almost compulsory. This step is important…