Purpose-Based Planning

Remaining on hustle mode can be counterintuitive. Instead, what if you tried “wasting” your time wisely?

In a society where school, marriage, homeownership, children and career success tend to be seen as the only available paths of your future, it can cause you to lose sight of what might make you the most fulfilled.

Your concept of money will inevitably change over your lifetime; however, you’re more likely to see the most drastic changes at the beginning of your life, as well as at the end (when thoughts around money tend to mean nothing).

Here, 38-year-old blogger, Peter, compiles the biggest takeaways of reaching financial independence.

Today’s idea of “retirement” has been long outdated. While our concept of natural human life was once in the order of study, work then retire, a shift has taken place that no longer mirrors this sequence.

There is no exact “secret recipe” to human happiness, but here, you’ll find eight principles from an author who has studied and written about what lends to a fulfilling life for over a decade.

We often fill our days focused on productivity and an urgent need to get as much accomplished as possible; however, continually watching the scorecard doesn’t guarantee future investment certainty.

In his book, titled Man’s Search for Meaning, holocaust survivor and psychiatrist, Viktor Frankl, wrote: “Don’t aim at success — the more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue…”

According to 2021 research conducted by AARP and National Geographic, titled “Second Half of Life Study”, many of the ideas and stereotypes we hold about aging are wrong.

As referenced by author Bob Goff, 27,375 is the average number of days a person will live over their lifetime. If you do the math, you can (roughly) estimate the number of days you may or may not have left. How will you spend them?

Much like a plant requires soil, sun and water in order to grow and flourish, your retirement requires other factors besides a financial plan in order to bring fulfillment, such as relationships, health, identity and purpose.

Recent research gauging the guidance pre-retirees and retirees receive from their financial advisors shows there are gaps in want they want, versus what they get.