Apparently the mantra in January every year has always been "New Year, New Me".
It's logical because when resolutions are made, for a majority of people, they hope to achieve some kind of break-through that makes them a better person by year-end.
Increasingly, I think the new year resolution for folks after their 40s should instead be "New Year, Old Me".
As we get old, the struggle is not achieving new things. The struggle is maintaining the engine at a tip-top shape. Status quo can be a great reason for celebration.
- If you can hold onto your old job, it's a blessing.
- If you can still do some simple coding and decipher a bash script, good for you.
- If you can still run 3km, celebrate it. (It's a big deal for me.)
- If your paycheck was the same as 2019, hallelujah!
There are of course some things that tend to get better with age - Compound interest is one example of how older folks can get more control over their financial lives and avoid ageism. I was tallying my dividend payouts for the last 6 months for my next preview and I'm clocking more than the Singapore median household income these days in a pandemic year which is not too shabby given that my family does not live beyond the means of a heart-lander household. So without a single bet on Tesla or shitcoins, I had an excellent 2020.
I would caution the folks consuming the myriad of "dividend blogs" to be careful though. There comes a time in your life more cash-flow only brings a psychological feeling of security and nothing else.
- My house is big enough for my family.
- I don't have folks to impress if I get a car. If I get a Ferrari, I'm pretty sure folks will ogle at the Ferrari instead of me.
- My kids are still too young to be driven through the tuition assembly line.
- The weather already gives me the feeling of travelling to another country.
- Can't even buy a console as my personal projects are way more interesting than Fire Emblem: Three Houses.
- Freaking Millenials and Gen Z drink expensive coffee that is sour! So I prefer to stick to my $1 version.