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| The middle age |
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“I have just finished reading the 6 pages of your well written and informative "How life cycles affect career and impact your retirement planning", with all the possibilities. Very true to its meaning and experiences described, I am sure everyone who is reading it has a part in it.
Either those just started a month work, already "rotting" or blooming in the company and industry. I plan to forward the attachment for my staff knowledge and I think they can learn a lot only by digesting the 6 pages.
Great job! Thank you. ~AH~
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| talks about the midlife adult….. |
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The middle age, or midlife stage of adulthood (between the ages of 40 and 50) is a challenging period. People at this stage would be hitting the halfway point of their lifespan, and may start becoming mentally bored and physically tired with their career and life. Often, they are said to be going through a ‘midlife crisis.’
What is a Midlife Crisis?
Adults experience cyclical periods of stability and transition throughout life. A "midlife crisis" is a transition period of facing crossroads in your life journey, where you feel stagnated in your personal life development, resulting in feelings of frustration and boredom with life.
This frustration may stem from you suddenly realising that you have lived half of your life span (say you are in your 40s) and you have another good 10 or 20 years more to make your money for your retirement and yet, you feel that you are going nowhere in terms of financial success, career or life achievement.
Meanwhile, you are aging biologically, which requires you to start paying more attention to your health. Your energy levels begin to drop, and hormonal changes such as menopause or andropause (male menopause) start to creep in, affecting your mood, self- esteem, self-worth and self-motivation.
You may also be facing family challenges like dealing with adolescent children who increasingly need your attention, or a strained relationship with your spouse due to lack of communication or not spending quality time together. Or perhaps you have aging parents (or parents-in-law) who need your time and financial support.
How Does a Midlife Crisis Affect Your Career?
As a result of a ‘midlife crisis,’ you may feel bored, frustrated and not motivated with your current job or career. At the same time however, you feel scared and confused about making a career change and doing something different.
There is a personal struggle between a personal commitment to your current job and family, and wanting to move forward in life with an ideal career choice that provides happiness, financial security and fulfils your life mission, ie making life meaningful for you. And more often than not, the increasing cost of living in this World of Consumerism may force you to continue working in an unfulfilling but well-paying job.
It is important to have better control of your life purpose with the appropriate personal financial planning, and having enough money to support your lifestyle will help you “pull-through” this transition period.
Find out how others coped in a similar predicament, learn from their experiences and in the process, strengthen your financial life.
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| The staff at I-Xeon Solutions speak about Carol's personal money management education training |
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"Effective financial coach, delivers superb workshop, letting my staff realize the discipline of smart personal financial planning, well done Carol!
~Sean Lee, Director of I-Xeon Solutions Sdn Bhd |
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"This corporate workshop is really very useful to me because it makes me realize that it is important for me to manage money start from now so that I can have an easy retirement life when I get older. Besides, I also realized that I have to change my spending habits. I won't spend my money unreasonable, and will think twice before I spend." ~Pang Ee Shing~ |
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"I've learned how much important is money to our life and as well for our future life time, and what I notice is that saving money will never be enough for the future life, even though it's a huge amount of money that we saved. Also what I've learned is how to put more effort on saving money." ~Roslizawati B~ |
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"We should be extra considerate when comes to spending money, don’t just get influenced by own emotion." ~Chin Chim Yap~ |
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"All the while, I'm aware that I need to save money for the old age after retirement. Prior to this workshop, I just make calculation for savings on linear basis without taking consideration into inflation rate. During the workshop, I have learnt to calculate the actual amount of money that I need after retirement by thanking into consideration for the inflation rate. With reference to the table on the handout, I able to make a more realistic calculation for money that I need to save per month." ~Chin Hooi Tyng~ |
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"I knew the importance of financial planning before attending Carol's talk and I have been doing financial planning for myself based on hand-outs that were printed from financial planning system. But from this talk I had clearer picture of myself from some tests that Carol Yip gave me. I found the tests very accurate. The next steps for me are how to stable and upgrade my financial situation." ~Jacqueline Soh~ |
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"This education workshop is a self-discovery with an understanding of what investment is about and the risk. It provides an understanding on what I going to face in the future for my financial goals." ~Alan Loo~ |
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"Thanks for the workshop; I really enjoy the styled that Miss Carol Yip presented to us. From the workshop, I realized who am I and the importance of the valuable financial guidance to help me plan for my future. Besides, I get a better understanding about the risk of investment." ~Jesse Ong Peh Sze~ |
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"Carol remind me to work hard and save a lot a lot money for my old time. Also remind me that money had no more value in future due to inflation rate." ~Tan Wei Lieh~ |
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