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5 Myths About Career

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https://medium.com/@ed.burdette/5-myths-about-career-86e7cc731a99

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5 Myths About Career
You may have noticed: Retirement is a big industry. There are banks and investment companies to help us to save for it. There are real estate companies that help us relocate once it happens. And there are lifestyle guides and influencers who build a model of what retirement looks like.

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Choosing Your Career from a list

There is a predetermined list o choose your career from. 

The reality is that there are many options for work outside of the listed jobs. When we know ourselves well, we can follo...

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The "one-size-fits-all"

The best type of work a person can have is not always a white-collar, office-based, management and technology-oriented.

The one-size-fits-all definition of success fails to take into ...

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Waiting for Financial Independence

Everything has an opportunity cost. To choose to invest time in one thing means deciding not to invest time in all the other things. It can mean missing the gains you could have been making in the ...

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Enjoying Work

The work that uses our natural gifts and aligns with our values will bring a sense of purpose and fulfillment.

Doing the work that you are called to do will give you meaning that will reach ...

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The Perfect Retirement

The myth of a perfect retirement is based on the belief that our biggest need that drives us in life is an income. In reality:

  • We have a need for a purpose. Without it, our...

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SIMILAR ARTICLES & IDEAS:

Investing defined

Investing is about laying out cash or assets now, in the hope of more cash or assets returning to you tomorrow, or next year, or next decade.

Most of the time, this is best achieved th...

Productive assets explained

  • Productive assets are investments that internally throw off surplus money from some sort of activity. 
  • Each type of productive asset has its own pros and cons, unique quirks, legal traditions, tax rules, and other relevant details.
  • The three most common kinds of investments from productive assets are stocks, bonds, and real estate.

Investing in Stocks

  • It means investing in common stock, which is another way to describe business ownership or business equity.
  • When you own equity (the value of the shares issued by a company) in a business, you are entitled to a share of the profit or losses generated by that company's operating activity.
  • Equities are the most rewarding asset class for investors seeking to build wealth over time without using large amounts of leverage.

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Early Mistakes, Late Start & Future Hurdles.

Savings and investments should be part of a monthly budget even when young or just starting a career.

You cannot save enough if you are waiting until your late 30's before...

Myth vs. Reality in Retirement Planning

  • I’m not that old:  It’s not about NOW but saving for your old days when you can no longer work full time. 
  • I’ll wait for a lump sum is just an excuse to postpone planning or procrastinate.
  • Assumed Family/External Support: It’s better to be prepared for eventualities and have contingency funds in hand.
  • Financial Requirements Decrease: Medical costs increase with age. Inflation and other factors might also come into play.
  • I will not live that long or I won’t retire: People tend to live longer, but they will suffer from medical ailments.

Retirement Goals

To have a secure and financially independent retired life during your golden years with regular post retirement income, a corpus of savings/investments and a safe shelter or home.

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'Crazy People' And Therapy

Many believe the only "crazy people need therapy" and end up waiting before they seek help, which only exacerbates the problem.

In reality, people go to therapy for various reasons ...

Therapy And Reassurance

Most therapists are encouraging and emphatic, and some therapy models emphasize this warm support more than others. But not all therapy works this way, therapists also have to challenge and educate clients.

Therapists And Money

There are many other areas of expertise that require less effort and are more financially rewarding than therapy. Therapists who thrive in this work deeply respect humanity and aren’t driven by money.

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