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This Is What Millennials Can Actually Expect From Retirement, According to Experts
Money in the Future
Radical changes in the way money is perceived, earned and saved will impact our lifestyle and retirement goals.
Big companies and institutions will play their part in changing the concept of money and how relevant it is in the next 50 years.
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SIMILAR ARTICLES & IDEAS:
5
Key Ideas
Belongingness
Humans have an inbuilt drive to belong and be accepted. This makes us care about what others think of us.
- In the pre-historic times, human beings couldn't surviv...
Staying Clear of Imaginary Groups
Out of novelty and boredom, we started being part of 'imaginary' groups just because it is cool to do so. There are groups in social media, or in clubs/bars, in which people join due to desire to be accepted.
If we have our friends, family, a career and a few hobbies, we don't need to attach our identity to a group.
Mission = Value + Vision
Discovering your core values, and having a vision is key to finding your mission.
You have to know where you want to go (Vision) and create a road map that takes you there (Values). Having these foundational pillars in your life makes us less susceptible to what others think and do.
10
Key Ideas
Be a Professional Cheerleader
Charismatic people offer encouragement instead of skeptically listening to people’s goals and ideas. Find ways to encourage people while still holding them accountable:
Charismatic People Bring People Together
Charismatic people have lots of connections and share them regularly. Highly charismatic people are not only great at meeting new people, but also sharing their talent with their connections by introducing people who they know will get along well.
This quality is part of the reason charismatic people are such sought after connections; they spread their social wealth.
Likability is Key To Your Own Charisma
Likable leaders earn the trust of their team members and treat them well, and that makes the team’s performance better.
Teams with likable leaders tend to be more stable long-term because of lower turnover rates and are also better with changes since they are more likely to have employees committing to adopting to new ways.
"The New Rich are defined by a more elusive power than simple cash—unrestricted mobility."
Tim Ferriss
The W’s you control
Money is multiplied in practical value depending on the number of W’s you control in your life:
- What you do
- When you do it
- Where you do it
- With whom you do it.
Fundamental rules for success
- Retirement is the worst-case-scenario insurance.
- Interest and energy are cyclical. Alternating between periods of rest and activity is essential.
- Focus on being productive instead of busy.
- The timing is never right. Waiting for ‘someday’ means that you will take your dreams to the grave.
- Ask for forgiveness, not permission. Try it and then justify it
- Emphasize strengths. Don’t fix weaknesses.
- When things are done to excess, they often take on the characteristics of their opposites.
- Money alone is not the solution. We often use not having enough money as a scapegoat for not self-reflecting and working out what we want out of life.
- Relative income is more important than absolute income. Relative income looks at both money and time.
- Distress is bad, eustress is good (the type of stress that helps you grow).