Often we can be a little guilty of not thinking about the future, and I totally understand why. We are so encouraged to enjoy the here and the now, that we can often be distracted by what our future might hold. Which can then mean that we don’t live in the present. It is a tricky situation to find yourself in. However, part of living in the present is to take some time out to consider what your future holds, be that financially, the plans you want to look forward to, the things you can do and the goals you want to achieve. It helps to then be able to plan your present to get where you want to be, if that makes sense.
The future is something that seems so far away right now. Retirement is something that we know is in our future at some point in our lives, but we often don’t really prepare for it as much as we should do. Time moves quicker than we realise, and so it is always worth trying to make active decisions right now that can really help you when it comes to the future. So I wanted to share with you some of the small steps that you can take that will help you get to where you need to be.
Think about the financial side of things
One of the first things you can do is consider the financial side of things. The thing is, there are so many ways that you can contribute to your future finances right now. It might be looking at investments you can make, that over time will give you good returns. There can many complicated investments, but there can actually be simple ones that can help you get started. Research is always going to be a good idea for this. But, you don’t even need to look into complicated investments if that doesn’t suit you and your way of life. You can look at your current budgets and start to think about how you can make the savings. Boosting your income with online side hustles, selling unwanted items on eBay, and keeping things focused. Simple savings challenges, or putting more away each week or month can soon mount up as well. That and contributing to pensions, either through work, or privately will ensure that you can sustain a lifestyle in the future that you have grown accustomed to today.
Could you be making life changing decisions now?
Sometimes you need to start thinking about the future and making decisions right now could be really life changing for the future. One of the biggest investments that you can make in your life at an early age is buying a property. Mostly people tend to buy a property to live in. There home. They then work up the property ladder, increasing in not only the value of the property but also in the square footage of it. You then could also look at other ways that property that can actually make you money. It might be buying an additional property to rent out. Renting out can be a hugely profitable way to boost your income. Not only that, but you could also look at other ways buying property could boost your income. Holiday rentals or property abroad could be extremely profitable on a week by week basis. However, like anywhere, the property markets can increase your valuations, so you can then look at economical hdb resale value. Making wise choices now, especially with big purchases, can really add to the income you can have in your future.
What do you want to achieve and how do you plan on achieving it?
There is something quite fun about thinking about the future and that is taking a moment to understand what you want out of life. It might be that you like the idea of focusing on your career, and looking at the things you want to achieve within it, be that promotions or starting your own business, for example. If this is something that you want to think about, then you may want to start thinking about your resume and the experience you have in order to make it happen. However, maybe there are other things you want to think about. It could be that you have future plans to look at starting a family and settling down. Maybe to travel or see the world, work for yourself, do something for charity, change your life and your lifestyle. Spend some time thinking about it, because what you decide to do for the future, the things you do now will help you achieve it.
The later years in life
Maybe you need to think about what the future holds for you. Perhaps when work will be done for you, retirement days and how you may spend that time. The later years in life may seem like so far away, but as we all know time can move incredibly quickly. Retirement is something that you definitely feel like that you need to plan for it. The decisions now, can really help you fund a lifestyle in the future. We get so accustomed to things in the here and now, that if we don’t make good financial decisions, then you can fund and continue that lifestyle in the future.
Your health and happiness factors
Finally, your health and happiness are so important. So you need to think about what you want for your future and how you plan to feel it everyday right now. Your mindset is so important, not just for the now but also for the future. A positive outlook on life can actually make a great big difference to your future. It helps you make the right path towards what you want out of life. Which can make a big difference.
I hope that these points have you thinking about the small steps you can take to help you plan and consider your future.