It’s time to Rethink Retirement

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#11
(11-03-2014, 07:21 AM)chialc88 Wrote: We all left behind our legacy...
The first definition from dictionary defines legacy narrowly as money and properties left behind...

I learn very early in my career that legacy has another meaning...
much more meaningful that $$ and properties.

I'm sure you felt this too.

Life is beautiful! Live life to the fullest!

Heart Love Compassion
Well said.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#12
(10-03-2014, 09:35 PM)Contrarian Wrote: > To mitigate this challenges, we need to start living a healthy lifestyle now.
> It's never too late to start...
> Go traveling... walk around... look see, look see

Well said...

1. Regular exercise... 3-5 times a week. Swimming, jogging, brisk walking. Yoga, Cycling

2. Pick up wushu - Taichi and qigong is especially good. The energy generation and qi movement will clear the blocked qi.
When one practises taichi, one needs to focus... so the concentration and memory always stays.

3. Learn to use natural herbs. e.g. Sweet potato and pumpkin. For liver cleansing, use parsely.

4. Find a good TCM LOCAL practitioner - Such as the one in Thomson Imperial Court (JI SHENG TANG), next to thomson CC.
e.g. my oily scalp problem... - $24 for 2 bags of herbs last me 6 mths. And I can keep the medicine prescription...
Hi, i can attest to your recommendation of learning TAI CHI +CHI KUNG.
i had learned only for a few months. And the first time the CHI came, i could not control it as i was practising at home. It was quite scary to us then. i think i was in my late 30s. My wife had to phone the instructor how to "control" the CHI that was flowing inside my body. And the CHI made me lost control over my limbs' movements.

i like to take up TAI CHI again as i am retired oldman.
Any recommendation where to learn properly from a qualified TAI CHI + CHI KUNG Instuctor?
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#13
....and possibly end up being the richest man in the cemetary?



(16-12-2013, 02:00 PM)funman168 Wrote: In the context of retirement,
It maybe better to invest your time & $$$ in create a passive income instead of raising kids.
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#14
I'm pretty surprised at the stats- I knew CPF was useless but I didn't think it was that useless. Or it is possibly because most people's CPF monies would have been spent on housing?

Also that 60% of the income that retired folks get come from their kids gives some weight to a discussion that I had with an academic yesterday. His view was that we need a welfare state because the current generation of working adults is being squeezed on two fronts- providing for the earlier generation (their parents) as well as the next generation (their kids). And because the only front they can "control" is whether to have kids or not, that's why many in the current working group have less kids or not at all. Or they move.
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#15
Most ppl I know just like to follow the conventionary wisdom of just go get married n raise kids, thinking all will end up well in the end.

What if after spending all ur time n $$ in raising the kids,
1) kids is liability, or
2) kid only able to take car of himself due to financial hardship

Most likely in the current economy, u will nt be able to save enuf for retirement
Guess only solution is to work till ur last breath...

(11-03-2014, 01:17 PM)wysiwyg Wrote: ....and possibly end up being the richest man in the cemetary?



(16-12-2013, 02:00 PM)funman168 Wrote: In the context of retirement,
It maybe better to invest your time & $$$ in create a passive income instead of raising kids.
Reply
#16
(11-03-2014, 01:17 PM)wysiwyg Wrote: ....and possibly end up being the richest man in the cemetary?



(16-12-2013, 02:00 PM)funman168 Wrote: In the context of retirement,
It maybe better to invest your time & $$$ in create a passive income instead of raising kids.

1) Interestingly Steve Jobs said the same thing when he was interviewed along with Bill Gates and Gates was asked why he went into philantrophy... Steve injected and said that certainly he doesn't want to be remembered as the richest man in the cemetry Big Grin

2) Your sentiments is echoed globally. I always believe that the urbanisation is the best contraceptive. If you urbanise the Indians I am sure their birth rate will decline Big Grin China doesn't even need to have a 1 child policy in the cities to be honest.

But like the paradox of thrift, the paradox here is that if everyone thinks the same, then humans are going the way of the dodo bird... Exagerrating? The Japanese will be gone by end this century and the whites probably century after.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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#17
> i like to take up TAI CHI again as i am retired old man.
> Any recommendation where to learn properly from a qualified TAI CHI + CHI KUNG Instuctor?

Hi bro... I learn wu style taichi. Their teaching is systematic and the instructors there is very good. THey are willing to share. And quite a lot of instructors
they speak English.

Wu style taichi is the most traditional and has the most number of steps, focuses on precision. So it will take 6-9 months to complete the 108 step series. You need to have patience and practise regularly to remember. I find that they want each student to really learn the precise step, so they will focus on correction and correction. I am > 2 years and I am still correcting, but at different levels.

It is truly amazing and has become a part of my life!!!

Website: www.wustyle.com.sg

Type wu style taichi 108 on youtube or Eddie Wu Taichi 108

Enjoy!!!
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