Quickly grow a non-career identity

Many people tie their sense of self to the work they do. If they work for only one employer in their lifetime, they might tie their self-concept to the company. We hear horror stories of Japanese employees who continued the daily routine of dressing up, taking the train to work, and hanging around their old offices. There are similar stories in other countries. A close … Continue reading Quickly grow a non-career identity

Reduce Expenses

If you haven’t provided sufficiently for your retirement, it is obvious you need to cut your expenses. Even if your financial planning is perfect, the loss of your regular income is likely to be a psychological shock. You can decrease this shock by reducing your spending. Defer any major expenditure e.g. a new house, auto, computer, or video equipment. This is especially critical if you … Continue reading Reduce Expenses

Avoid sudden changes

Some people would be too impatient to plan first, and may suddenly jump into something new without preparing. This is most likely to happen to high activity persons. Example: A school principal retired at the mandatory age, collecting his entire provident fund. Unable to handle the reduced pace of life, he decided to open a Thai restaurant since he liked Thai food. He got the … Continue reading Avoid sudden changes

Adjust your life style portfolio

We don’t have to think of retirement as a time of inactivity and decline. We once heard an active eighty-year-old describe his contemporaries as ‘waiting to die’. Nowadays, the idea of retirement is far from that. It is about using the opportunity to achieve one’s full potential. There is optimism. and one chooses a personally satisfying level of activity. It doesn’t have to be restricted … Continue reading Adjust your life style portfolio

Earn People’s Trust

Whether you earn through employment or business, trust is one of the most important assets to have. Think relationship, not transaction. In a transaction, you try to get the most out of it. In a relationship you are in for the long run – be concerned with the other party besides being concerned with yourself. Don’t offend people. Be kind and compassionate to everyone. Avoid … Continue reading Earn People’s Trust

Be prepared

This scout’s motto works just as well for learning, earning, saving, investing, and retiring. Do your homework and get things ready before you need them. Retrenched employees who survive the best are those who monitor whether their employers would need them in the next few months, and who constantly check the market for new opportunities. Shoppers who get the best deals know what they need … Continue reading Be prepared