Have you ever been looking at something on YouTube and you started to view the suggested videos and it takes you places you were not intending to go? That happened to me this weekend. I don’t remember where I started, but before I knew it, I was watching interviews on YouTube at this exclusive gym in Southern California. The pool of interviewees were had some occupational diversity including: a retiree, a school teacher, some business owners, a sale representative, and a day-trader. They were asked such things as, “what do you do for a living?”, “how much money do you make?”, and even, “why do you spend $200-$300 a monthly on a gym membership? at this club” Among all the questions from all the interviewees, there was a line of questioning I noted that had the most interesting responses.
First, I want to point out that most of the interviewees claimed to be actively investing. That’s awesome! But, I guess you need to make some extra money to afford a $300/monthly gym membership, yikes!). As they talked, I noticed their investment vehicles and strategies were as diverse as there were. Some were into the stock market, some were into real estate, others were into crypto[currencies]. Even though their investment strategies and portfolios differed; they all could articulate (at least for the camera) what they were investing in and why. This may not seem like a big deal, but this is huge! It means, they had enough interest to learn about the places they decided to park their hard earned money. What do you invest in and why? If you can’t defend your investments, you need to do some research. You might be doing something just because you were told. And who said what you were told was good advice? How do you know if it’s good advice (or not) if you haven’t vetted the opportunity? It’s not enough to know a particular investing strategy is working for someone else. You need to know yourself. Get educated. Know where you put your money and why.
Secondly, I noticed all the interviewees had defined goals. Goals help keep you focused. Some of the goals were to maintain their lifestyle and enjoy their retirement. Some of the other goals were to retire early and enjoy more of their life on their own terms. Some of the investment goals were to make a little extra money to have a little more freedom. They say, “money can’t buy you happiness”, but it can buy you options! So what are your investment goals? Is your strategy leading you toward your goals or are you going to have to course correct? Have you even thought about it? I know this may seem simple, but these are basics to investing that everyone should be able to answer; because everyone should be investing!
And the last thing I noticed was, they all wish they started earlier. Investors know the power of time, the concept of compounding, and how those two forces can work for you or against you. The longer an investment is growing, the longer it is compounding and its value is more rapidly increasing. That is how the rich keep getting richer. They invest in assets and the assets grow in value, compounding over time, to create wealth. They invest themselves rich!
So what do we do now? Well, if we are not already investing, we have work to do. First, we need to get in a position to invest. And we do that by building a strong financial base from which we will have money to invest. You build a strong financial base, by eliminating debt, spending wisely, building up savings, and getting current on your bills. And while we are preparing ourselves financially, we can be preparing ourselves mentally. We MUST get educated. We don’t know what we don’t know. I guarantee, there are far more opportunities than you have thought are possible. So, let’s get busy and start building the best financial future God has for us. God Bless.
The older you get, the more likely you are to face some sort of health issue, whether it’s something mild, such as trouble sleeping or aches and pains, or something more serious, such as diabetes or arthritis. Regardless of your age, the best way to ensure your good health in the future is to maintain it through exercise and proper nutrition. Here are some tips courtesy of Mountaintop Faith Ministries.
1. Start Exercising
Exercising is one of the most important things you can do as you age. Not only does exercise keep you fit and active, but it also keeps your mind sharp. Seniors who exercise spend 25% less time disabled and enjoy enhanced flexibility, balance, and mobility. It’s recommended that seniors start slowly, but you can work your way up to more intense workouts over time. Choose an activity that interests you. If you have access to a rec-center with a pool, water aerobics and swimming are great forms of exercise, as there is very little pressure on joints and the water provides excellent resistance. And most centers have indoor walking tracks, so you never have to forgo a walk because of bad weather.
If you enjoy bodybuilding, pilates, or even martial arts, you may want to consider converting your garage or a spare room into a fitness center. It’s not as difficult – or as expensive – as it may seem. Simple additions like padded flooring and some basic equipment can make the space incredibly functional. But if you find that you have more stuff than space, you may want to look for self-storage in and around Las Vegas. You can rent a small 5×5 unit for under $40 per month, which is likely less than the cost of a gym or personal trainer. The unit can give you the luxury of time, so you can go through your belongings at your own pace, and decide what you can fit into your living space and what can be donated.
2. Join A Club
Joining a club, such as yoga or painting, allows you to mix with people of similar ages and interests. Get together once a week with friends who live in your community, and regularly work out at a nearby gym. If you’re not ready for a full workout session, join other seniors for afternoon chats at your local coffee shop, or head to local wineries or breweries for wine tastings where people are happy and naturally mingle.
3. Do Something You Love
It’s no secret that doing things you love can make you happier. If you haven’t picked up an instrument or taken up painting in years, take some time to rediscover your passion.
4. Eat Well
Not only is eating right essential for good health, but it also helps you shed pounds. Eating small portions of healthy foods throughout your day may be one of the best steps you can take toward weight loss. Plus, foods that are rich in nutrients can help strengthen your body and your brain!
5. Try Yoga
As you age, your bones become less dense, and maintaining proper posture becomes more difficult. Incorporating yoga into your routine can help support good posture, release muscle tension, and prevent injury. Start slowly. Choose an instructor who is proficient with teaching senior yoga so you won’t get frustrated at not being able to do it properly, or even worse, injure yourself while trying.
There’s a reason why volunteering is a great activity for seniors: it keeps you active and engaged. Many senior citizens become bored as they grow older. By volunteering at your local school, church, hospital, or animal shelter, you have an opportunity to meet new people and socialize with those who can appreciate your experience and knowledge. In addition, volunteering allows you to serve others.
If you are a spiritual person, a church like Mountaintop Faith Ministries may be a great place to begin volunteering. Becoming a greeter or working with kids can be great ways to feel needed and get social interaction.
7. Start a Business
Many seniors start business ventures to keep themselves happy and busy. Decide what kind of business you want to start. Many people who’ve retired find turning their hobbies into a side job allows them to feel fulfilled and useful, as well as bringing in extra income. Once you come up with a business idea, you’ll need to develop a business plan which outlines your funding needs, financial projections, business structure, and marketing and sales plan.
You might find that you need some help with some of the steps of business planning, like setting up your accounting or creating a website. Luckily, there are plenty of freelance employees who can help for far less than hiring a full time employee. Look online for a Nevada recruiting agency for Las Vegas and beyond to find the right people. These agencies screen their clients and highlight the best candidates, so you don’t have to do the hard process of recruiting and vetting. And there are flexible contracts from one to six months to fit your needs and your budget.
Ensure your health as a senior by exercising, eating nutritiously, spending time doing what you love, starting a business, and trying yoga. Consider finding a spiritual outlet or volunteering at a church or other nonprofit organization, too. The healthier you are, the more enjoyable life will be.
Image via Pexels
2845 Lindell Rd
Las Vegas NV 89146
A Time of Prayer 8:30am (on campus) 1st Sundays (Feb-Oct)
Worship Service On - Campus & E-Church (online) 9 am PST