Personal Economic Objectives


How to Get an MBA in Life

 


You should then ask yourself as to what commitment you have towards economic objectives. If you have been a committed businessperson, undoubtedly this has been one of your highest objectives. You must then balance this with your personal life at the same time. Economic objectives can be seen as much broader than simply the amount of money declared on income tax return.


There are numerous books on mutual funds and wealth accumulation. When it comes to retirement, these books would have the focus upon the amount of income that you require in order to retire properly. Of course the amount of income would also be dependent upon the assets accumulated in the meantime. Accordingly your economic objectives range from the amount of income per year, net asset accumulation per year or some other combination. From an economic perspective, you could be satisfied with your income, and you may wish to focus instead on expenses. Alternately you may wish to focus on the date that you wish to retire. If following an economic analysis you discover that upon the date you to retire you have no provision for shelter, then you'll have to reassess one of your many criteria. This may include retiring later, increasing income flow, decreasing expense outflow, or reassessing your life needs upon retirement.

Comments

Post a Comment

Popular posts from this blog

Conducting a Character Home Tour

Conducting a Character Home Tour Our neighborhood association encourages residents to conduct house tours once a year as a fundraiser. Eager sightseers normally came in couples. So as to not generalize interest between the various genders, I will simply use gender neutral identifiers and name the people interested in the architecture “wives” and those feigning interest in the tour “husbands”. We presently own a historic character home. Apparently, no one ‘has’ a character home due to the permanent nature of such a home and the ephemeral nature of owners. These homes have their own nature and personalities and you ignore them at your peril. My wife searched for a home that would allow us to merge our household and her parents. Her mother was elderly and had arthritis while the father cared for her. The home’s 12 by 2 inch fir joists easily accommodated the weight of four fridges, four washer dryers and three hot water tanks.     I accepted the delegated ta...
Read more

Cars: an unrequited love affair

Cars: an unrequited love affair Most people love cars. So much of our persona can be wrapped up in the way we transport ourselves. Most males fondly remember their first vehicle. Even if it was a piece of turd. If you had a turd in high school, you were the boss. The Sunbeam Alpine became my first vehicle. Fire engine red with fins and a 1600 cc engine. An elastic held on the front bumper. Stopping suddenly meant that the bumper bounced up and down a few times. I cannot remember why I used an elastic. It was likely an emergency fix and it was all that I had around. Inertia prevented me from replacing the elastic with some wire which would have been a far better fix. I purchased a spirometer that allowed me to ensure the volume intake of both carburetors balanced perfectly. I did this religiously without knowing if this made any difference at all. It did not matter since I attended to what I perceived its needs were. We made each other complete. English cars do not fare w...
Read more

GoogleLaw and Creative Destruction of the Legal Profession

GoogleLaw and Creative Destruction of the Legal Profession Google and Artificial Intelligence may not be the end of the legal profession, but boy, can you see it from here. I anticipate encountering what Schumpeter euphemistically called creative destruction. Innovation destructs archaic business models and creatively releases capital to be deployed elsewhere. A benign description of being out on the street with your law degree. Perhaps too hyperbolic, but for example Google has made a database of Federal and State case law and legal journal articles available via its  Google Scholar  search.  In their defense, lawyers can now purchase on Amazon the “ Please Do Not Confuse Your Google Search With My Law Degree” coffee mug.  For a simpler DIY approach, YouTube displays over 146 videos on Family Law. This also includes shuffle playlist for greater variety. For comparison, A.I. factors into over 38% of regular enterprise planning for mainly customer int...
Read more