When it comes to breath taking moments, not much beats the sight of the great Italian cathedrals. What makes these building so fascinating is the fact that they are in themselves true works of art. All over the world there are bigger, taller and stronger buildings, but these monuments of art were built by means of wooden scaffolding, chisels, wagons, sweat and guts. It took years to create these masterpieces. (more…)
The concept of a bull market, which means that the markets are running upwards, most probably has its origin in Jewish and Christian Scripture. In Exodus, we find the Israelite’s worshiping the golden Calf. Biblical scholars have it that the Israelites used the image of the bull calf based on the idea on an Egyptian myth. (more…)
Henry Ford did not invent the automobile. However, what he did bring us was the assembly line, which was perfected by 1914. Theories of supply chain management and project management are still being built on the groundwork established by Ford. The ingenious McDonalds business is also built on the Henry Ford assembly line principle. (more…)
The peasant farmer in the classical musical, “Fiddler on the Roof” prayed, “Lord, how about giving me a small little fortune”. The question is, however, will the small little fortune make us wealthy? The answer to this, off course, depends on you view of wealth. If you live by the definition that wealth is a small little fortune, then the answer will be, “yes”? (more…)
Die wêreld is op sy kop, so wil dit voorkom. Wêreldwyd beleef ons onsekere beleggingstye. As dit nie Zuma is nie, dan is dit Brexit of Trump. Dit alles laat beleggers selfs wonder oor buitelandse beleggings.
Foute wat beleggers tipies maak is: 1. Hulle haal hulle belegging uit die mark uit om op die kantlyn te staan en te wag vir beter tye. Laasgenoemde kom gewoonlik nie of hulle klim weer terug in die mark as die groei-geleenthede reeds uit die mark is. 2. Hulle raak opgeneem in korttermyn paniek ten koste van langtermyn visie. (more…)
When are we financially free? The general maths in this regard is More Money Equals More Freedom.
In the painting of Quentin Matsys, The Moneylender and His Wife (1514, Louvre, Paris) the power of money is beautifully depicted. The clothing of the characters tells us that the artist argues for the fact that the Bible reading wife, with her bright clothes, are the wealthier of the two. The moneylender’s wife, however, is noticeably distracted towards the money, which almost makes us believe that the artist is giving into the notion that More Money Equals More Freedom. Then, we notice a vital object in the painting. On the table is a mirror and in the mirror a window displaying the freedom of the outdoors becomes visible. The message of the artist? Maybe the invitation that we should not be confined to the limiting and destructive powers of money, or even by the constraints of religious piety, but rather find the window of freedom. A large amount of money, or even plenty of Bible reading does not make one necessarily free. When it comes to financial freedom; the unstoppable urge towards more, and more money does not liberate; it enslaves. We call it greed. Greed unleashes anxiousness and robs a person of joy. It makes a person frustrated and unhappy because you just cannot get enough of what you can’t have. True financial freedom therefore does not start with having lots of money. It rather starts with having plenty of freedom. It is only a person deeply rooted within freedom who can manage money as an empowered person. To be financially free therefore, starts at the window in the mirror in the painting of Matsys.
At age 81 Leonard Cohen is still performing. This maybe would not have been the case if someone had taken off with the millions he saved up. At age 73, after living 5 years as a Zen Monk, he went back to Los Angeles – broke. He was forced was to preform again. His music had come alive once again with Hallelujah being a top down-loader. This is his encore.
What would have happened if Leonard Cohen was not forced to perform again? In all probability, he could have lost all sense of meaningfulness, he could have been overcome with boredom and then after that depression. This could might as well meant an early death.
For many of us retirement is looming ever closer. For some it the Grim Reaper coming and for others it is something to look forward to. The truth is, that we need to be realistic about our retirement. It is not something to be afraid of, neither is it as romantic as it may sound. Retirement is just another faze in life, but unlike other periods in the life cycle; this one be approached with a life time of wisdom.
It is never too late to plan wisely for your retirement. This planning needs to be done on two levels: 1. a financial level and especially on a 2. a life level. On a financial level you have make peace with the fact that you will never have enough to retire form. You will most certainly have to remain working to make ends meet. This however, is not as bad as it sounds. As om the case of Leonard Cohen, meaningful work not only brings joy to one’s life it also keeps us alive. Many retirees, should they stop engaging in meaningful activities after retirement, start to feel redundant and that life has become meaningless. Do not be the victim of a meaningless life! This brings us to point 2 – while you will have to work to meet your financial obligations, you might as well make your work meaningful. Do something which brings joy and meaning to your life. A simple planning process should include the following factors.
Do something which brings you joy. That is, do something which makes you feel empowered and energized when the activity is done.
Do something which brings meaning. Be a contributor to life and other people.
Do something which is a challenge. Try something new and do not be afraid to stretch yourself.
Do something which makes you feel connected to other people. Reach out to especially younger people. Learn from them and laugh with them.
Make your encore brilliant. Your life’s performance need not end at 65. As a matter of fact, you have at least another 20-30 years to be a unique performance.