Living a Long, Fruitful Life
- Some people start to decline in mind and body as they age, whereas others continue to thrive.
- There are some factors that affect which direction one will follow.
- By implementing these elements, you may have a better chance of living a long, fruitful life.
If you’re a parent, you may recall the years of raising teenagers and struggling to get more than one word out of them. It could be frustrating at times. Then, as a grandparent, you see your young grandchildren talking up a storm, full of energy and enthusiasm. That likely brings a smile to your face. Their attitudes and energy levels are contagious.
This points to the fact that it’s important to constantly be growing in life. As we age, we want to avoid slowly deteriorating and falling apart, but how do we help give ourselves the best chance of living a long, fruitful life?
Well, studies are showing there are some factors that play into this, the first one being a lack of diversification in senior communities. In these communities, everyone’s around the same age, and this stunts the opportunity for continual growth.
Why is that? Well, as you age and retire, there are fewer and fewer things that are new that you may want to try. Contrast this with having your grandchildren around you, who see and learn something new every day. Being around them helps you see things through their eyes, and you share in their excitement.
The point is, if we’re not always growing, we’re dying. The purpose of these retirement communities is to enjoy retirement, to enjoy life – not to go there to die.
The second factor is intergenerational living, conversing and connecting with a variety of generations. Doing so provides you with different viewpoints and new understandings of things that are happening in the world. Additionally, you can offer your wisdom when they’re looking for advice on college, work, child-rearing, and other aspects of life. They may choose a different path, but you’ll make that connection with them, understanding that they’re just trying to do their best in life, just as you are.
Finally, there’s diversification of activities. Just as we emphasize diversification when it comes to money, we need diversification in the things we do each day. When it comes to asset allocation, we don’t put your money all in one place – this is the same thing. You want to be in an environment where you have access to a variety of activities: places to exercise, to socialize, to play games, to volunteer, and so forth. This keeps your brain active, helping you to continue to grow and be energized.
As you can see, the common thread here is diversification. It’s an important factor when it comes to rethinking continuing care facilities and retirement communities. If you’re looking at moving into one of those, make sure to consider this, and you’ll be better off for it. Until next time, enjoy.
If you’d like to read more on this topic, here are a few of our past Coyle Blog posts that you might enjoy:
Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business Battlefield. Whether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.
Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.
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All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness. This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client. The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment. Those seeking information regarding their particular investment needs should contact a financial professional. Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material. The opinions expressed were current as of the date of posting but are subject to change without notice due to market, political, or economic conditions. All investments involve risk, including loss of principal. Past performance is not a guarantee of future results.
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