Going through a midlife crisis is not fun at all. I dont have to tell you that. And being confused all the time as to whats next or what you need to do to fix it.
Now when it comes to midlife crisis' there are many different kinds and reasons. We call all agree on that, but the cure is whats different for everyone. Now many believe that YOU are the cause of your midlife crisis. And that may be true to some extent, but when you really look into it. Its just simply your comfort level that has you in the exact position youre in. Now by that I mean if you were more comfortable, you may have less money.
If you went golfing more often, or fishing etc... you may be happier? but you may also have less money because of it. And thats all Im refering to when I say its your current comfort level that has put you in this postion. Now lets go the other direction, what if you golf all the time now, or were always going on vacations to South America, maybe you would have more money if you didnt do these things as much, but you may not be as happy as you are right now.
So what I suggest is accept who you are, and if you dont like who you are, then go meet new people, that has always worked for everyone of all ages. I have suggested that to hundreds of people who were feeling blue. And it works, you will meet people who are worse off than you, but also people you dont even like, but it will really help you just accept who you are. But when it comes to the actual financial side of a financial midlife crisis, you must get out of your comfort zone. Something has to change, in order for your financial crisis to change. Lets say your 45 years old and only have $25,000 in the bank. Well your not really on pace to save up for a comfortable retirement. So you must step back and change somthing, sometimes a drastic change, but none the less, there are things that will help your financial crisis.
For many, its a new career, or a new job, just a change of pace or scenerie is all it takes to cheer one up. But what about a whole new make over, now thats where lives change and leaders come from. Life changing experiences come in all sorts, from spending money on a business or even just donating it all to a charity and accepting the fact you will never retire. So you can stop worrying about it. Not my recommendation, but the business is always a good idea.
Online business can be started for $1000-$5000 with a income potential of $100,000 - $1,000,000 yr. After all the internet is the way of the future, but what about a brick and mortar business? If you enjoy fishing, perhaps you could take some money out of your nest egg and start a fishing store in the mall, for an easy $75,000 + startup, not to mention the monthy overhead. As well as the turn around is pathetic really when you compare it to an online business.
You probably remember the .com phase a few years ago when all these people were selling out for millions. Well, the internet is a little diffferent now, but its still young and there is well over a billion dollars spent online every year.
So if your a reward seekeer, or eager for change, pehaps look into all options before deciding to make the big change that is needed to get out of your comfort zone that led to your financial midlife crisis.
Hopefully this has helped clarify your situation and allowed you to more clearly see a path to brighter skys. |
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