Retirement and The Final Word From Someone Who Is enjoying The Fruits of His Labour! - (Ken, MELBOURNE)
Retirement according to Ken continued
I was talking/emailing a friend of mine by the name of Ken Chamberlain about property investment and more particularly if he would like to contribute his property investment profile.
His reply was, “I’ll be a bit busy ‘cause I'm leaving for 3 months (going around the world) on September 1st, but why don’t your include a chapter about - Planning for Retirement"?
And I mean how to live, what to do, not just financial planning. People who don't plan get bored, sometimes to death.
[I THOUGHT that this is so very evident in society. People retire not into a life of leisure but laziness. The first few months free from the need to clock on and clock off are seen as bliss by many retirees. But as we know, do something for too long and it becomes a habit.
Unfortunately, many people find that they waste precious life sitting at home and watching that time killing, mind numbing device called a TV.
At 20 or 30 years old, I know that normal retirement age seems a long way away. It is still a long way away at 40! (Danger: Not in financial terms though!!) Don’t let a lack of planning bore you to virtual death!
So I would like to close this manual in what I think is a most appropriate way.]
This is about enjoying what you create. It’s about reaping the rewards. It is the reason for doing!
I sat and thought; Ken really is the epitome of what it means to reap the rewards of a successful investment life.
I met Ken in the gym some years back and he had just retired. While he, by his own admission, has not done any thing extraordinary in the investment world, he has managed to provide enough financial security to fund and pack an incredible amount of life into his retirement years.
(I would beg to differ on his self admission simply because he has done it and that in itself has given him wonderful opportunities in his retirement life.)
In discussion Ken and I confer on many investment ideas, however the out-come of it and the benefits that it now gives him are a lot to think about.
This is Kens brief list for retirement in reply to my request.
• Plan ahead for using your time (not only financial planning):
• Make a list of projects -
• Maintenance work around the house.
• An exercise program to slowly get fitter and stronger.
• Places you want to visit in your home town / state.
• Places where you want to take a holiday. Collect travel company brochures. Attend travel company "slide nights".
• Friends you want to catch up with.
• Books you want to read / favourite authors.
• Organisations for which you would be interested in doing volunteer work. (Include a list in your book)
• Retirement groups with similar interests (hiking / cycling / gardening etc)
• Clear out your wardrobe of clothes you will no longer need, and give them to charities.
• Clear out your home of accumulated junk - have a garage sale (I received over $900 at mine)
• Join an educational program / group (i.e. : computers / books / woodwork / fixing the car)
Tom, I can't think of anything else in the rush - but the above gives you an idea of what I'm on about.
This is where I thought I may have to leave Kens story because he was so busy doing all the stuff that he enjoys like, gym, squash, biking, reading, helping other people, photography, gardening, home life, feeding his brain and not to forget planning his 3 month around the world holiday. (Yet another trip overseas!!)
However, persistence and badgering and pleading of, and to Ken, has produced a snap shot of what Ken fills his days with. It extends from his successful investment life certainly, but it is a fantastic story to emulate in our own way. It shows us that we can pack our retirement days with life and that there is very real reward to taking steps to look after your retirement now.
I hope you enjoy.
Retirement according to KEN:
Having retired at age 52, I decided to try many of the things I hadn't had time for while working.
I joined Bicycle Victoria, and participated in a variety of their cycling tours in Victoria, NSW, Queensland, South Australia, Tasmania and also in New Zealand. Cycling enables you to look around and see the country close up.
How many times have you traveled by car or bus and flashed pass something and wondered what it was?
I enjoyed the cycling, seeing new country and meeting so many people, that I eventually became a volunteer and helped organise some of the tours.
A travel agent who saw me working as a volunteer asked me to be the tour guide on a China Bike Ride which I did for 3 years, and
consequently was asked to be tour guide on 2 bus tours in China, and a tour guide on a cycling tour in Europe. You never know what volunteer work will lead to.
At age 64, I still go cycling.
I also enjoy weight training (Living longer, living stronger) playing squash (I can still beat the author who is 20 years younger) participating in short course triathlons (came second last year in my age group - there were only two in my age group)
NOTE: (As the author I would like to say that Ken is not kidding, but in my defense I’d like to add - sometimes you just have to make some people feel good!!)
Scuba Diving is another sport which I enjoy, having become certified as an "Open Water" diver in the year I retired.
One of the least expensive places to learn to scuba dive, and enjoy the sport is on the Great Barrier Reef in Queensland.
(See my web site for the many joys of Scuba Diving)
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I've also been White Water Rafting on rivers in Australia, Bali, and New Zealand, which is great fun.
I have been a volunteer for several organisations. It's not always satisfactory - some organisations don't treat their volunteers satisfactorily.
However, when you do find a suitable organisation, you should meet lots of interesting people and enjoy the experience.
Traveling is also a passion which I've indulged, meeting people of all ages in a variety of countries, participating in a variety of adventures.
As well as the cycling tours, I've ridden elephants in Thailand; scuba dived in many countries, completed three bungy jumps, and trekked in Australia, Nepal, New Zealand and Peru
It's a great big world out there, and there's so much to see and explore.
I still haven't read all the books I plan to read, having made a list of my favourite authors, and authors who write in similar styles to those I most enjoy.
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(I think you'll find a visit to Kens web site well and truely facinating. Ken has been traveling for almost a decade and a half (in his retirment)and it may just truely whet your appetite for investment.)
The final word on the final word... Ken is living proof that successful planning results in a fulfilling retirement. I hope that you gain inspiration through the experiences and fulfillment that Ken has shared during his retirement and that you gain extra confidence from the Personal Property Profiles of people out there and doing it now.
In concluding what to me has very much been a labour of love in putting this Wealth with Property package together, I would like to share some information I see as very appropriate for life in general as told by the Dali Larma.
Follow the 3 R’s
1) Respect for self
2) Respect for others and
3) Responsibility for all your actions
2. Be gentle with the earth
3. Spend some time alone every day
4. When you lose, don’t lose the lesson
5. Don’t let a little dispute injure a great relationship
6. Approach love and cooking with reckless abandon
7. Open arms to change, but don’t let go of you values
8. Remember that silence is sometimes the best answer
9. Once a year, go some place you’ve never been before
10. Learn the rules so you know how to break them properly
11. Share your knowledge. It’s a way to achieve immortality
12. Judge your success by what you had to give up in order to
13. A loving atmosphere in your home is the foundation for
14. Take into account that great love and great achievements
involve great risk
15. When you realize you’ve made a mistake take immediate
steps to correct it
16. Remember that not getting what you want is sometimes a
wonderful stroke of luck
17. In disagreements with love ones, deal only with the current
situation. Don’t bring up the past
18. Remember the best relationship is one which your love for
each other exceeds your need for each other
19. Live a good honorable life. Then when you get older and
think back, you’ll be able to enjoy it a second time
May you achieve the goals that you set yourself.
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