What do you do when things go wrong? Panic, phone a friend, or go to Mr Google for answers. Depending on what you type into the search engine box you will get a variety of answers. Anyone can be an instant expert on anything courtesy of the World Wide Web.
In general, when not happy with what we are currently doing we tend to look around, asking ourselves what else we can try. It's amazing where that journey can take you. Many people have found an interesting path – making money with raw land.
Do you suffer from the fear of missing out on life? FOMO is the official name standing for Fear Of Missing Out.Generally this term is used with media but life is a much better topic to apply it to. Our lives have no limitations, except for the ones you decide on. To achieve you need to believe. Only then is it possible to create the life of your dreams.
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Forex trading means making money through the gains accumulated by pitting two currencies against each together. Today, it's quite easy to trade Forex given the availability of online trading software.
How to avoid social isolation as you age? Isolation is one of the key issues that we face as we age. Women more than men will be in this predicament as women tend to outlive their male partners. Are you are rattling around in that big house on your own? Have you thought about where you will be able to live now that you have reached the third half of your life?
There is a new trading platform which is as simple to use as online shopping. If you are a self-directed investor, like me, then growing your portfolio balance is important. Diversification has been talked about a lot lately. The saying ‘Don't have all your eggs in the one basket' rings true today as it always has. But what is diversification and how easy is it to achieve? Some say that owning a mix of Australian shares in different sectors is diversified. Others say that does not go far enough and we should be investing in un-correlated assets, like bullion and cryptocurrencies. Then some are also saying we should be investing in overseas shares.
Do you want more success in your life? Do you dream of things that you can accomplish? Do you know what ‘your success’ should/would look like? So many of us drift along through life without having a goal, a life plan and wake up one day and realise that a few decades have swept past. Where does all that time go and where are the accomplishments?
Longevity makes it imperative we make a conscious effort to save more money while we are still working. Life expectancy has continued to increase with females now aged 65 expected to live to 87.1 and a 65-year-old male can expect to live to 84.2 according to the Australian Institute of Health and Welfare. I became a widow at 55, my girlfriend became a widow at 59 and my Mum became a widow at 83. The chances of women ending up on their own are greater than men and that is why women need to avoid running out of money.
The retirement vision is something we eagerly await. Some of us have a clearly defined picture of our future retired lives. We know the location, the activities, the travel and dream of the free time. What happens then when this definition of our retired life is not duplicated by our partner? After all those years together, could we possibly want a different life in retirement to them?
What do we do to fill in our time when we are not working? Some of us will get bored, some will be lonely and some may feel angry that their life had not turned out as they expected. We don’t have a crystal ball when we start out on our life’s journey. Most of us just go with the flow and deal with life and its emergencies as they unfold. Do you ever sit and wonder and reflect back and think if only I had made a different decision would my life be better now? I certainly do.
Sometimes in life, we need a shock, a jolt, or a wakeup call to get us doing something different. We could be living a successful life. We could have a job that brings in good money and we could believe everything is on track for a happy existence. When a major, unexpected event takes place that puts all that we value in jeopardy we are not prepared. What do we do then? If for instance the major breadwinner, the one that brings home the most income each week, is diagnosed with a life-threatening illness we may be forced into reassessing not only what we are currently doing but what we will be doing into the future.
The risk of not being diversified.
What’s your financial backup plan? Whether in life or for investing there are risks if you aren’t truly diversified. It correlates to having all your eggs in the one basket. We could be talking about what happens to the household if the main breadwinner stops bringing home the money. What if the one that earns all the income to pay for the family’s monthly bills, suddenly becomes ill or injured and cannot work? What happens then?
Some of us have always lived in the same town, and others have had many places they have called home. My parents owned many small businesses from when I was young. It just seemed that every couple of years we sold up and moved on to other opportunities. I have lived in over 60 different places and I think my kids are following in my footsteps. My son and daughter left home many years ago and both live interstate.
Everyone wants to know the secret. We want the inside knowledge on how to achieve what we have been dreaming about - a happy retirement. How do we actually succeed at anything? The secret is simple; you have to know what you want. If you can describe in detail what it is you desire then you see it more clearly and can move in that direction. When you are vague and can only give a general
Time management is an abhorrent phrase to me. No one manages time. It runs along smartly with or without our cooperation. We do speak ofe. No one manages time using time. In this sense, there is a biological clock that ticks within us all. Each of us has a different setting of which we are unaware. Nonetheless, we all are aware that in the earth plane of existence, time is a limited and perhaps precious commodity for each and every one of us.
Do you have a financial advisor? How comfortable are you with investing? Have you ever looked at your managed funds statements and wondered what all those fees are for? There is another way to look at investing and that is to take control yourself.
What does your retirement number look like? For some people the number that springs to mind is 60 or 65 years old. However there is another number that is more important than the age number. It’s the amount of passive income that is needed to come in each month in order to live on.
Retirement Coach, Ann Nelson, looks at ways to maintain your health in Retirement. Once you reach your retirement, you may get tempted to spend a lot of time relaxing and doing you love most. It is very important to prioritize your hobbies when you retire. However, your health should always come first. This is because an old person is likely to get sick due to the inactive immune system in the body. When you get ill, the rate of healing also slows down to the condition of your immune system. Consequently, you are prone to suffer cancer because your immune system can’t effectively detect and fix cell defects. For that reason, you should try as much as possible to stay healthy. Here are some ways in which you can keep your body health;
If you save wisely during your working days so as to live the retirement of your dreams, then traveling must be one of the things which you would like to do. Definitely, you would like to experience the best meals, hotels, and adventure while you are driving on foreign land. In fact, traveling is considered the first goal of many retirees, even more, that spending time with family and friends. Some of the world’s popular destinations where the many retiree dreams of visiting in their