{"id":1594,"date":"2019-08-23T19:07:15","date_gmt":"2019-08-23T19:07:15","guid":{"rendered":"https:\/\/www.signalpointinvest.com\/?p=1594"},"modified":"2023-02-22T14:36:21","modified_gmt":"2023-02-22T14:36:21","slug":"the-senior-view","status":"publish","type":"post","link":"https:\/\/www.signalpointinvest.com\/the-senior-view\/","title":{"rendered":"The Senior View"},"content":{"rendered":"\n

Financial Advice For Every Decade:<\/strong>
The Senior View<\/strong><\/h3>\n\n\n\n


It was when I was in my 20s that I heard an excellent lecture. The topic was \u201cGoal Setting\u201d which had not been something I\u2019d understood very well at the time. \u201cWhat are your Goals?\u201d was a question I\u2019d heard but I never had been able to articulate any sort of comprehensive answer.<\/p>\n\n\n\n

The lecturer said people have trouble defining their goals because the subject is too broad and needs to be broken down into sub categories which can be addressed directly. He felt there were five basic areas in life which we could make goal defined decisions: Family, Community, Financial, Career and Religious\/Spiritual. Further he said it helped to further have two separate categories for these \u2013 Long Term and Short Term goals. What a difference that lecture made for me. I could refine my view of the future by looking at various aspects of my life and finding reasonable and achievable prospects.<\/p>\n\n\n\n

Now, nearly 5 decades later, I still look at my future with these ideas in mind. Reviewing these things as a septuagenarian I can offer these thoughts for you to consider:<\/p>\n\n\n\n

     \u2013 KEEP IN TOUCH WITH FAMILY AND FRIENDS, EVEN IF YOU DON\u2019T HAVE SOMETHING SPECIFIC IN MIND.<\/strong><\/h2>\n\n\n\n

Time has a way of evaporating and missed opportunities aren\u2019t easy to recover. A phone call, a shared meal or a remembered birthday will always be appreciated.<\/p>\n\n\n\n

     \u2013 SEEK OUT WHERE YOU MAY BE EFFECTIVE AS A VOLUNTEER.<\/strong><\/h2>\n\n\n\n

Everyone likes a helping hand. This isn\u2019t a matter of just saying \u201cyes\u201d each time someone asks for assistance, but looking for chances to do things at which you\u2019re good, as that will give you maximum reward. It\u2019s also a good way to keep involved in your community and even expand your circle of friends.<\/p>\n\n\n\n

Further, you\u2019re at an age now where your years of learning have given you a wealth of information. It\u2019s time to figure out how to offer your useful experience and \u201cpay it forward\u201d to another generation. Sometimes opportunities can be found at a local community center, library or even offering to be a guest lecturer at a local college in your area of experience.<\/p>\n\n\n\n

     \u2013 SEEK TO ACHIEVE AT LEAST A \u201cZERO SLOPE\u201d TO YOUR NET WORTH.<\/strong><\/h2>\n\n\n\n

While circumstances of one person\u2019s life are going to be different than the next we should make an attempt to balance our current expenditures with disposable income. Perfect balance would give zero slope and anything we can do to tilt the slope to the positive will help fight inflation and keep our life style stable.<\/p>\n\n\n\n

     \u2013 TAKE THE TIME <\/strong>NOW TO REVIEW YOUR ESTATE PLANS AND DOCUMENTS TO ENSURE THEY ARE UP TO DATE AND STILL VALID.<\/strong><\/h5>\n\n\n\n

Wills and Trusts, Medical Power-Of-Attorney and other such papers need to remain current as our lives and those around us change. Everything we can do to make the plans move easily along will be appreciated by those who survive us. And, just since you did review things recently, don\u2019t forget to revisit the review process in a couple of years. Keep them current.<\/p>\n\n\n\n

     \u2013 MAKE AN EFFORT TO SPEND TIME IN REFLECTION.<\/strong><\/h2>\n\n\n\n

Turn off the evening News and instead use that time to consider the things about which we can be grateful. This could be considered a spiritual or religious activity and possibly more rewarding than trying to swallow the latest dose of Current Events. Share your impressions with others when it seems appropriate. Find a local Writers Club or other similar group where you can learn, share and collate your ideas and writings. It could be the start of something to which you will add for years to come.<\/p>\n\n\n\n

As the lecturer suggested, you can sub-divide these ideas into Short and Long Term goals and projects. At the end of his lecture, he asked us to address an envelope to ourselves. Further he asked us to put on paper our short term goals in each category. Guess what? A year later I received my list in the mail! It was a comfort to see that I\u2019d stayed on track for the most part on my new goal setting targets.<\/p>\n\n\n\n

\u2013 Tom Veale<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Advice For Every Decade:The Senior View It was when I was in my 20s that I heard an excellent lecture. The topic was \u201cGoal Setting\u201d which had not been something I\u2019d understood very well at the time. \u201cWhat are your Goals?\u201d was a question I\u2019d heard but I never had been able to articulate […]<\/p>\n","protected":false},"author":9,"featured_media":1595,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/posts\/1594"}],"collection":[{"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/comments?post=1594"}],"version-history":[{"count":1,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/posts\/1594\/revisions"}],"predecessor-version":[{"id":1737,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/posts\/1594\/revisions\/1737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/media\/1595"}],"wp:attachment":[{"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/media?parent=1594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/categories?post=1594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.signalpointinvest.com\/wp-json\/wp\/v2\/tags?post=1594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}