Growing older sucks,
especially when you don't have a lot of money. Your aging and longevity may be
impacted by your spending, which has to do with the value of money,
which plays a pivotal role as you continue to age.
No matter how much
money you have, make the best and the most of your remaining years; turn
them into the golden years of your life in spite of any financial difficulty
you may be facing, Remember, life is a task-master: it teaches you not only how
to survive in any challenging circumstance but also how to live well,
especially in your golden years.
The senior years are
most challenging in that all seniors have to come to grips with the changes and
challenges they may be facing. On the one hand, they may make them more
appreciative of life as well as more proactive to live a meaningful and
purposeful life; on the other hand, these challenges and problems may also make
them want to give up on life, and thus drifting and deteriorating rapidly.
Money plays a major
role in your retirement. You need money to retire, as well as to continue
a similar lifestyle that you lead while you are working. Even if you
decide to modify or simplify your lifestyle, you still need money.
Yes, money plays a
pivotal role in aging and longevity, as well as how you are going to live the
rest of your life. Given the importance of money, you need to know what
money is all about.
With that goal in
mind, you need to estimate the amount of money you need
throughout the rest of your years. The amount is also influenced by when you
want to retire. That is, retiring at the age of 55 is not the same as
retiring at the age of 70, because life expectancy affects
your retirement savings. You need to know your assets and liabilities:
assets are the things you possess that have value when you exchange them
for cash; liabilities are the debts you owe. Your net worth is
all your assets minus all your liabilities, and
it changes over time because your assets, expenses, and liabilities
change too. Therefore, you need to review your financial situation and
re-calculate your net worth annually or on a regular basis.
Your aging and
longevity are impacted by your spending, which has to do with the value
of money, which plays a pivotal role as you continue to age.
In the past, people
could enjoy the blessings of life without spending real money.
Nowadays, to many people, enjoyment of life requires money — and lots of
it! According to Buddha, craving or desire for material things
is the source of all human miseries. Jesus also has this
to say about money: “It is easier for a camel to pass through the eye of a
needle than for a rich man to go to heaven.” (Luke 18:25)
So, what is
the value of money? More importantly, what does
money mean to you? Your perceptions of the value of
money determine two of the most important things in the
rest of your life: how you are going to live the rest of your
life; how you are going to spend your money
The value of money
should be based on your core values in life, such as integrity,
which has little to do with money, and which is an important
value that our Creator has bestowed on each one of us. Essentially,
integrity is the value of what life has to offer, not the
value of things purchased with money. Your core values affect your
attitudes towards how you are going to live the rest of your life,
irrespective of how much money you have.
The bottom line:
spend money wisely according to your needs, and not your wants; be grateful for
what you have, and be generous to those who are less fortunate than you age.
The Wisdom of Letting Go: Find out how to let
go of your attachments to the material world and live happily in your golden
years.
You Just Don't Die! A
blueprint for living the rest of your life, if you just don't die.
Go to my website: Health and Wisdom Tips.
Stephen Lau
Copyright©
by Stephen Lau
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