Getting old is just a matter of time. However, the choice to enjoy your old age in peace or not is all in your hands now.
This is because there are many things that you must prepare to have a prosperous life in old age. One of them is preparing Mutual Fund investment funds.
The various investments you make when you are young will have a big influence on your life and well-being when you are old.
Therefore, in this article we will explain tips for enjoying life when you are an elderly and what preparations you must make.
4 Preparations for Old Age
Having a peaceful and prosperous life all the way until old age is certainly everyone's dream.
For those of you who have prepared various things early on, you certainly don't need to worry anymore. However, for some individuals who have not prepared anything, now is the perfect time!
According to the Liputan6 site, there are at least several important aspects that you must prepare as "backups" for old age. The things you must prepare are in the points below:
- Side Business
The first preparation you can make to enjoy your old age is to have a side business.
This is for those of you who want to have passive income during your old age. This side business aims to support your financial aspects in old age.
To start this side business, of course you have to do it since youth. The important aspects that you must adhere to when having a side business are persistence and patience in doing business.
- Prepare an Emergency Fund
Second, you must prepare an emergency fund to anticipate unexpected things in the future.
One of the most important things for a prosperous and peaceful old age is having funds to prepare for the worst things that might happen.
This emergency fund can take the form of several financial instruments such as precious metals, savings, Mutual Funds and so on. If you have an emergency fund, you can enjoy your old age with a peace of mind.
- Have Investments
This third point is more or less the same as the previous point, but the difference is more in function. If emergency funds are used to anticipate things such as accidents, health problems and other disasters.
Investment has a different function even though the aim is the same to financially secure your old age. This investment serves to support you in your old age.
When investing, you should at least set aside 10-15% of your income while you are still at a productive age. There are many types of investment, such as shares, deposits, Mutual Funds and others.
- Pay Off Debt
The last thing is to pay off debt because one of the things that makes life more peaceful in old age is living without debt. Paying off debt is the same as reducing financial and mental burdens in your old age.
Therefore, you can use financial preparation in various ways, such as investing, having an emergency fund, and having a side business to pay off various debts.
Make sure you don't delay paying off debt because this can burden your life in your old age.
5 Tips for Enjoying Life in Old Age
After you have prepared various things, especially from the financial aspect, for a more peaceful old age.
Below are the tips for you to be able to enjoy life in old age. Here are 5 tips based on the Merdeka site that you can check out:
- Have Positive Hobbies
The first tip is to have a positive hobby, for example planting flowers in your yard. Having this hobby is one of the activities that can create a calm and peaceful old age. Because a positive routine will make you enjoy every day happily.
Doing positive hobbies also gives you the opportunity to interact with other people which is important for keeping you mentally healthier.
Having hobbies and interactions with other people means there is less opportunity to stress or feel alone so you are calmer and happier.
- Meditate Regularly
Regularly meditating is a tip for those of you who want a happy old age. Meditation serves to maintain your mental and physical health. Because when you meditate every day for at least 30 minutes, the oxytocin hormone will increase so you will be more relaxed and happy.
Enjoy life in your old age by meditating daily and practicing good breathing techniques. Your life will be calmer with higher quality in mental and physical aspects.
- Maintain Health
The third tip, which is no less important, is maintaining your health, which you must do from a young age.
You can maintain health by doing light exercise such as taking a leisurely walk in the morning. Apart from that, you can also take part in senior exercise with friends your age.
This is very beneficial, especially if you do more mentally healthy activities such as joining a sewing and knitting club or community. If you do this, your old age will always be joyous and productive.
- Live a Mindful Life
Living a mindful life means you don't have to worry about things you can't control. When you reach old age, the most important thing you must understand is not to think too much or worry too much.
To enjoy old age, one of the main keys is to relax and enjoy "today". Mindfulness life values help you to stay happy in the moment and enjoy every moment of life in your old age.
- Always Share Knowledge
The final tip is to always share knowledge and keep learning. One way you can enjoy old age is to continue learning and providing benefits to other people. Therefore, you can start sharing knowledge to the people around you.
Living life in old age by sharing and giving meaning to others will be beneficial for you. If you do this, your old age will be more enjoyable and happier.
Enjoy Life in Your Old Age by Investing in Mutual Funds
One important preparation for enjoying the sunset is preparing your finances. It has been explained above that Mutual Funds can be one of your investment instrument choices. The good news is that Mutual Fund investments can be made through DBS Treasures priority banking.
The advantage of the DBS Treasures product that you can gain is the minimal risk, related to the method of diversifying your investment types.
Apart from that, the insight and information about investment that you gain from DBS Treasures is useful for those of you who want to try other investments. The insight you gain is very important to prepare you to enjoy your old age without having to worry about financial problems.
Gain the opportunity to be supported by curated market analysis from a team of financial experts who will communicate it. Utilize the latest opportunities that have been tailored to your risk profile and portfolio needs, driven by Artificial Intelligence/Machine Learning (AI-ML).
This insight is equipped with curated solutions related to investment (Grow) and insurance (Protect), so you can quickly and confidently invest through your preferred media, including the digibank by DBS Application anytime and anywhere.
These are various preparations and tips for those of you who want a happy and peaceful old age. One way is to invest in Mutual Funds. For more complete information, click here.
