Do you plan?
People in their 20s are usually in the “Exploration stage“, which means they can explore, look around & try new adventures without much commitment. This applies to both career and love. Being young is basically the best trump card. But hold on tight my friend, for this TRUMP CARD has an expiry date. It does not have lifetime warranty. Once it exceeds 30, that’s it!
For those in their 30s, it is a “Go – Getter stage“. By now, your career path should have been more or less fixed. You can foresee yourself walking along this path for the next 10 – 20 years until your retirement and you are going to be the Master of your trade. This stage may also lead you to your first car, house or even wife! For singles out there, this is really the time to enjoy your single-hood; you should be earning comfortably, driving your dream car and travelling to countries for lovely spas and crazy shopping! Most importantly, the freedom of going anywhere without having to report to anyone.
40s is what I call it “GOLDEN ERA” where you will be enjoying your fruits of labour from the past 10 years. You upgrade your Nissan to a BMW, your 3/4 room flat to a condo/semi D. Unfortunately, Life can also be really extreme sometimes don’t you think ? The rich will be richer while the poor will be poorer. If you have not been planning properly since young neither have you been working hard, this is the “WORRYING ERA” for you, where you will worry if your ricebowl is stable, if your health is good, if your bills can be paid on time etc. Not forgetting your parents’ health will also be compromised at this point in life and they might need your care most. But if you are constantly tied to your job, how is it possible to actually divide your time out for them? But then again, without a job, where do I get the income to feed my family ? Irony isn’t it?
50s and above : It will be awesome if you can afford to retire happily, healthily and debt-free. Most importantly, you are a rare gem if you still have dreams to pursue. As age increases, the size of one’s dream amazingly decreases. Someone I know once said he felt so embarrassed to hear that a 72 year old still harbors determination to pursue his dreams in life; whereby for him, he just wanted to retire at 30 without worrying for bills. Does Life really consists of only financial freedom? What about health freedom? Family freedom?
What do you think ? Where do you see yourself in the next 5 to 10 years?
As the old saying goes, if you fail to plan, you are planning to fail…