We live in a money-driven society. Therefore, living today is a combination of activities. People learn during childhood and adolescence. Do jobs or business in youth and middle age. This includes taking care of children and many other chores. Therefore, most people lead busy lives with little rest. Lack of planning and lack of time management also cause life to become tiring. If you don’t plan your future and time properly, you may not get the rest you need in old age. So, in this article, we will discuss how to plan your future, in other words, your adult life.
1. Maintain a good healthy lifestyle from a young age.
This is the most important point. It doesn’t matter how much wealth you have if your health deteriorates. Health is the biggest gain you can get in life. Think about it. If you have a serious physical illness, your savings and your pension could be spent on your illness. Also, due to the physical and mental pressure caused by the disease, you may even feel frustrated with life. Therefore, from this moment, adopt good health habits according to the accepted medical recommendations. It is better if you can completely stop using alcohol and cigarettes. Reduce the use of artificially processed foods and sweeteners as much as possible. Instead, get used to eating vegetables and fruits that suit your body according to the doctor’s recommendation.
Walking is a great exercise for your body. Walking also helps to reduce mental stress. Therefore, if you do not have any other physical disabilities, go for a short walk in the morning. If you can, practice meditation or do an activity that focuses your mind. Because good mental health helps your body stay healthy.
2. If you owe money, pay it off immediately.
This should be done with proper financial management. After you retire from work, you may have a limited amount of money. Therefore, having debt to pay off after retirement is not a good idea. It is a loss of your mental freedom. The other point is that loan interest rates may rise due to the influence of economic factors such as inflation. Therefore, avoid taking loans except for an investment that will bring you financial benefits or other essential matters. If you have any loans, pay them on time.
3. Extra cash savings and investments.
After retiring from work, most people get a pension to live on. However, due to personal needs and other reasons, the amount received from a pension may not be enough for some people. Therefore, in addition to a pension, having another type of investment can be very useful for your old life. So if you have excess money, do not waste it and invest it in a useful and safe way. Investing the amount in a recognized financial institution like a bank as a current asset or land as a fixed asset is a safer investment. Otherwise, if you have an idea to make a risky investment like the stock market, invest with proper knowledge.
4. Think twice before signing as a guarantor for a loan or mortgage.
Depending on your assets and job title, you may be eligible to be a guarantor for someone else’s bank loan. But if you sign as a guarantor for a bank loan at the request of your friend and if your friend does not pay the loan properly, you will have to pay it. If that happens, it can be a major hindrance to your economy and plans. Also, due to the stress and frustration of having to pay someone else’s debt, you may even lose your mental happiness. Due to that, you should only agree to be a guarantor for someone you know and trust well.
5. Be alert to inflation and world economic trends.
The world economy can change due to various geopolitical and natural reasons. The best example of this in recent times is the COVID-19 epidemic. Some lost their jobs due to this epidemic. Also, job opportunities increased in fields like health. Also, after the COVID-19 epidemic, inflation increased in many countries. Inflation increases the prices of goods and services. If inflation in the country you live in rises rapidly, the value of your savings will decrease. In such a case, it can be more beneficial to invest your money in something that will increase in value over time, such as land. Therefore, being aware of the economy of the country you live in and of the world will be very important to the success of your plans.
6. Full body medical checkup.
The human body is a kind of machine. When used for a long time, defects can occur in the human body, just as defects occur in machines. We call the defects that occur in the human body as diseases. So, when you get old, various diseases may occur in your body. Some of the symptoms caused by these diseases may appear within a short period. But it may take some time to show the symptoms of diseases like diabetes, heart disease, kidney disease, and some cancers. So if it is too late to diagnose and treat such diseases, more damage can happen to your body. Sometimes your life may be in danger. Therefore, if you are over 50 years old, do a full body medical checkup at least once a year. If you are a person under 50 years of age, it is sufficient to have a full body medical checkup every 2 or 3 years. But in some cases, this may vary from person to person. In addition to that, get advice from your family doctor about the time frame to be done for a full-body medical checkup.