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Spending our time wisely

Learning, Commitments and Leisure 

Time is often cited as the most precious commodity we have. 

 

And yet strangely, post work (Retirement) planning is nearly always about finances.

 

This concept is about how you decide how to spend the time, not the money, that you have available.

How time is used by people can be split simply into three categories:

Learning

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Leisure

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Commitments

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The Three Phases

The Early Years

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In childhood and adolescence, the bulk of an individual’s time is spent on learning and leisure.

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Adulthood

As people grow into adulthood, commitments begin to be made in terms of relationships, families, accommodation and more. Funding these commitments usually involves dedicating a large proportion of time to some sort of work, leaving little time for leisure and learning.

The Later Years

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And when people reach the end of their working life, they are presented with time and the opportunity to use it as they wish. For some people, hobbies can be started/developed and trips aboard planned. For other people, whilst interests might provide some sense of satisfaction, there might be a need for a different way of achieving fulfilment. 

People tend to fall into three categories

1.    Not really sure

Those that are just glad not to have to work any more and will take each day as it comes

2.    More of the same please

Those that have pre determined plans to continue activities already pursued to a greater extent and maybe find new interests along the way

3.    Big picture/life purpose

Those that haven’t got a plan but suspect that there is some overarching need to use their time more purposefully

The process described here offers a way to begin to tackle the question which often arises around retirement age for those in category 3 – 

“What am I actually going to do now?”

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