April 4, 2024,
There is a time for everything under the sun.
That’s what we’ve been told.
Good, bad and in between.
Prepare for it.
In that preparation, yes, there will be a time to speed things up to meet deadlines, but also a time to take a break, slow down and, believe it or not, rest and do nothing.
In life’s journey, it is important to recognize when it is best to do either.
Many spend way too much time doing one or another.
There is a reason why the words slacker and workaholic have made their way into our conversations. Usually, for better or worse, to use them as examples. Both extreme, it seems best to find our behavior somewhere in the middle.
As we age, in terms of speeding things up, it is best not to procrastinate because our window of opportunity to accomplish important things on our life pathway is quickly closing.
It is nice to travel across Europe when you are 19 but it might be imperative to finish college as soon as you get back. Love happens and often children happen. Do you really want to begin working before you finish your degree? Do you really want to go to night school while working fulltime?
Keep thinking about your window of opportunity.
Speaking of children, do you really want to start having children in your forties?
In terms of finance, your twenties are very important years to save money.
The global financial information source Forbes Magazine posts, “If you’re looking for a ballpark figure, Taylor Kovar, certified financial planner and CEO of Kovar Wealth Management says, “By age 30, a good rule of thumb is to aim to have saved the equivalent of your annual salary. Let’s say you’re earning $50,000 a year. By 30, it would be beneficial to have $50,000 saved.”
Good to know.
Where are you at in terms of that?
This might provide you with some perspective.
Let’s travel over to the book store.
The Power of Opportunity: Aware of All Wonderful Opportunities in Life Paperback – February 12, 2015
By Chris Smythe (Author)
“We have countless opportunities around us that go wasted every day and this is due to the lack of awareness that we have regarding the importance of creating opportunities for ourselves. Whether it is regarding that someone special, family, friends, co-workers, acquaintances, new individuals or jobs around us, magical opportunities are always waiting for us, but we have to be able to recognize an opportunity when we see one. If we all can be more aware of our surrounding,”One” opportunity can turn the table and change the course and help us progress towards success.
So why do we not take advantage of the opportunities around us?
The answer lies primarily in the lack of awareness. Thorough research on the subject matter has revealed great tips and tricks on recognizing opportunities and making the most of them. Only when individuals can recognize opportunities around them, can they make the most of them. A few simple alterations in our day to day lives could be a turning point towards success.”
Very well stated.
As we think about our young adult life, it is a pathway in time where we will be the most healthy and resilient. What are we doing during that time to make the most money that we can or chart a career pathway where our investments will continue to increase in the future?
This might help.
Building a Winning Portfolio Hardcover – July 11, 2023
By William Bernstein (Author)
“Retired neurologist and master investor William J. Bernstein has seen it all throughout his career. Buying investments with borrowed money. Chasing past performance. Overestimating one’s own risk tolerance. Listening to cable news. These are just a few of the many mistakes he has witnessed smart, serious investors make, to the peril of their portfolios. Add to these behavioral errors such economic factors as deflation, sudden stock declines, soaring inflation, and the like―and investing can seem like something to be avoided at all costs. But with the right discipline and knowledge, you can build and manage an impressive portfolio. It all comes down to understanding four key pillars:
- Theory: Risk and return go hand in hand―you can’t make money without risk
- History: Understand past markets to understand today’s markets
- Psychology: Avoid the most common behavioral mistakes that tank portfolios
- Business: The cost of investment services can be high―unreasonably high
After taking you on a deep dive into each of these topics, Bernstein walks you through the process of designing and maintaining a powerful portfolio.”
In terms of the passing of time, so much of this appears to make sense.
The balance in life is to work hard and smart to prepare for the future but never lose sight that living life is about today and staying in the moment.
Making good memories.
This is such an important aspect of living and we all having different way of doing it, but above all, do it.
We have a friend who is older and single. She is a successful therapist with a thriving practice. The way she makes good memories is to go away for the weekend, stay at a quiet, unique style Bed and Breakfast or hotel, bring a few books and go off her diet and eat what she wants.
She has found that having no agenda, looking at new scenery and leaving her daily life behind, does wonders for her spirit.
What would be relaxing for you?
The present is always the best time to create good memories for the future.
It is all about finding the balance.
When you are young and strong, this appears to be the best time to work, make money and invest for the future. The key along the way is to recognize your windows of opportunities before they permanently close.
Understood.
But along the way, stop and smell the flowers and have some wonderful times with friends and family while they are still alive.
By participating in both pathways, we sense you are laying the groundwork for a wonderful future where life doesn’t pass you by.
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