Tag Archive for 'Retirement'

On your deathbed, would you wish you worked more or less?

You may be disappointed to know that given a long enough timeline, despite the enormous efforts of doctors, rescue workers and other medical professionals worldwide, the global death rate remains constant at 100 percent.

If you knew your time would be up in a year, I bet you would work much less if at all, but statistically speaking, we will not die next year. According to the Australian Bureau of Statistics the average life expectancy of a new-born in the late 1990’s is 77 years for a male and 82 years for a female so working and building our asset base is part of our long term strategy.

So assuming we are the 80% of people who live to the new retirement age of 67 (Which may just change again before we reach 67) then the questions we must ask ourselves is how do we get the most out of our lives and what is our optimal work life balance?

There is no doubt that life in general is busier than in prior generations, my dad likes to remind me of that every time we speak. There are more “things” to buy, more mod-cons to assist us to be time efficient, although I am not convinced of that as an outcome and yet as a society we are claiming to be time poor.

We work more total hours, spread out over more days, and for many every day of the week is a working day. And yet the suicide rate is climbing steadily, again according to the ABS. Does this suggest that we work more and are less satisfied? Are the two linked?

Maybe the answer is individual.

Whatever your answer is, you may need to alter the amount of time you dedicate to the following areas of your life, to truly achieve your work/life balance.

Work/life Balance Wheel

Work/life Balance Wheel

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