Retirement Deficit Disorder

Screen Shot 2014-11-21 at 8.22.59 amA deficit is not always a monetary term. While it can refer to a shortfall in money or income, on a broader basis it means a “deficiency or disadvantage”. We’ve all heard of Attention Deficit Disorder, which is a brain malfunction, whether genetic or environmentally induced. Many retirees have what we can call a Retirement Deficit Disorder, which is a state of mind. Continue reading “Retirement Deficit Disorder”

A Career Change in “Retirement”?

One of the greatest challenges that many people have, as they approach retirement is the question of, “What now?” It can be a great shock for many that have been in one particular area of employment to find that it is gone – that their identity has disappeared. It is especially problematic if an individual’s life was their work and they have few other interests. Retirement comes from the two root words, “re” which means to do again and again, and “tire” which means fatigue. Is that what we really want to create?

In my own case, I was a chiropractor for 40 years. This was a very inspiring and at times a challenging profession to be involved in, but over time I found because of changes in the profession, that it was time to go in a new direction. 

Sometimes one has to stop, step back and take stock of the situation to allow new ideas to percolate into the mind. I along with my wife, Adele decided to take a year off and travel for over 7 months of that year. We felt that during our travels something would “come to us”.It was not until the latter part of our trip that we had an epiphany when we realised that travel was very high on our value system.

If you want to discover what new direction you can take in retirement, there are a few questions you can ask yourself.

1. What is really important in your life?

What is it that you are passionate about, that you love to do and would do it even if you couldn’t earn a cent doing it? Take the time to make a list of those things that are important and prioritise the list. You will start to get some more clarity of what you would love to do.

2. Take the time to meditate on your top priority.

Meditation is a great tool to silence the mind, to remove the clutter so you can “see” where you are going. Meditation and visualization go hand in hand. Athletes do this all the time. They see themselves in their mind achieving success before they actually perform. See yourself in your new role.This is part of the Law of Attraction; the more you visualize and focus on something, the more likely it is to manifest. There are only two more things you need to do.

3, Set goals.

Goals give you the roadmap to get towards your destination. Without goals you meander and your life will proceed by default (whatever happens will happen). If you want to take a holiday, do you just appear at the airport and hope that a ticket will magically appear? If the agent asks you, “Where would you like to go?” you wouldn’t say, “I don’t know, just go.” Goal setting done correctly is a very effective tool to give your life direction.

If you want to create a new income producing business, think of how you can achieve it – be creative.

4. Take Action.

For all the planning, visualising, and affirming, nothing is achieved without taking action. Work and effort is part of the equation of succeeding in fulfilling a new purpose in your life.

The question is, do you want to change anything in your life? You may feel that you have worked all your life and now you want to lay back enjoy your retirement, and that is fine, if you find it fulfilling. In talking to people however, I find that even people in their 60’s, 70’s and beyond, still want to do something that is fulfilling.

Most of us like to have fun and adventure, but we also want to feel as if we have made a difference in the lives of others. For some, the purpose may be being the best grandparent they can be, for others it may be helping in a volunteering capacity, while for some it may be creating a new business that impacts people from the local to the national and international level. The choice is yours.

I conclude with this question. What will you do for the next 25 or 30 years? Think about it.