Business & Investment

Opinion: How Winning $ 10 Million Will Change Your Life, and Other Insights on Aging

Growing up, I was greatly influenced by Protestant ideals Work ethic.. Working hard and finding a successful career brought great satisfaction, so I thought I would treat the second half of my life the same as the first half.

This wasn’t a great plan.

I was about 50 years old when I came across a discussion about the writings of psychiatrist Carl Jung and half of his life. For me, the timing wouldn’t have been any better. Jung realized that later in life it was no longer enough to find meaning in success. He knew that as we grew older, we found purpose in a different way than in the first half of life.

Jung summarized it poetically. “You can’t live the afternoon of life according to the morning program of life, because what was great in the morning is of little importance in the evening, and what was true in the morning is a lie in the evening.” When we redefine ourselves, we turned our attention to seeing our 50s and 80s as a season of life. We don’t have to stick to the desires from the first half of life.

What if you ignore this insight into aging and try to do the same in the second half of your life? I think this is the root cause of career burnout. Successful careers do not motivate us in our 50s like we do in our 30s. For most of us, the second half is the time to find importance elsewhere. Using Jung’s insights on aging, here are three ideas for managing two halves of life.

1. Seeking freedom in the future. There is a lot of advice for young people to follow their hearts, regardless of money. If you feel you have been called to become a missionary in a remote part of the world, I will not discuss it. Those who have such clarity of purpose early in life are lucky.

But many of us were in our twenties and didn’t know what we wanted to do in the next thirty years. Can anyone imagine that today’s 20s can handle the same question well?

My claim: Without a clear mission in life, why not chase money when you are young? I think I was in my twenties and found almost everything interesting. I love rock music and could have been a low-paying roadie. But I also found finance interesting in my twenties. As a banker, I was able to do interesting work to help people while at the same time making money and saving for the future. It worked for me.

The goal is to move towards financial independence in the first half of life. It’s great to have resources. This gives you the freedom to reinvent yourself with a more mature sense of purpose.

My point: Unless you have a clear call, why not save as much money as you can early in your life by pursuing fulfilling, decent payments? Career?? That way, when you’re in your 50s or older, you’ll have some money to fund a new path if you’re no longer in your career.

2. Find your purpose. Even if we grow older and lose interest in our careers, we may not yet be focusing on new goals. Fortunately, there are some exercises we can do to help us.

George Kinder wrote the book Seven stages of money maturity Then train your financial adviser to help clients understand what they want to do in their lives. He suggests three great questions to help you discover what really matters to each of us. For those who are struggling to find a purpose in life, I think they will be a great source of conversation. The paraphrase version of the three questions is:

  • If you just won $ 10 million, how would you change your life?

  • I know I’ve only lived for five years, but what if I’m healthy?

  • What regrets do you have about your life if you are told that you have only 24 hours to live today?

Ask your spouse or close friends to spend some time talking about these types of questions. When you discover hidden aspirations, you may try some of them. And if you realize that these ideas are what you want to pursue, they may pave the way for new directions in life.

3. I will return it. Think about what you can give to others.. Our society needs a lot of mentors. No one is better suited than us who have the experience and wisdom to share from the first half of our lives. Is an organization that recognizes that aging is an opportunity to redefine who we are as we grow older. Mentorship is one of those opportunities. can help by connecting people over the age of 50 with young people. Or, if you’re a grandparent, uncle, or aunt, you probably don’t need help finding a mentee.

Religious traditions capture this same insight.Elderly men and women in the church from their first calling teach A young member of the community. These opportunities continue to exist not only in churches, but also in many nonprofits.

For those of us who are still involved in the first half of the profession, running a development program can be one of the most rewarding times of our career. I received a “thank you” note from a single mother who graduated with an accounting degree for the goals she set in a program I led. It is one of the things that makes us successful. But I am very pleased to play a small role in the success of others.

Joe Kesler is the author of Purposeful smart money Founder with Website The version of this article first appeared with the same name. He has been involved in community banking for 40 years, helping small businesses and consumers. Joe was CEO of banks in Illinois and Montana. He is currently a board member of two banks.Check in front of Joe article..

This column appeared in Humble dollar..Reissued with permission..

Opinion: How Winning $ 10 Million Will Change Your Life, and Other Insights on Aging Opinion: How Winning $ 10 Million Will Change Your Life, and Other Insights on Aging

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