Why And When Should You Start Saving For Your Retirement?

Why And When Should You Start Saving For Your Retirement?

Start Saving For Your Retirement?
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Norman Vincent Peale, the American minister and author once said, “Live your life and forget your age.” Wouldn’t it be really wonderful to be able to live your life the way you want to live it, without having to bother about your age? More often than not, life seems to slacken in pace post-retirement. This is the time when an individual should be able to sit back and enjoy life. But often due to the lack of adequate retirement fund, the post-retirement phase brings with it a lot of worries and tensions. If you want to lead a stress-free life after retirement, you should start planning and saving for it properly. This article provides you information about why and when you should start saving for your retirement.

Reasons to save for your retirement

Financial independence is important in all phases of life, including your retirement. Some of the top reasons to start saving for your retirement are as follows:

To spend your post-retirement life as you wish

The way you spend your retirement life will depend on the amount of money you have invested or saved for your retirement. Whether it is about fulfilling your post-retirement dreams or your basic needs like food, clothing, and other usual expenses, you will need money for everything.

To meet your medical expenses

Medical expenses can be a big issue to deal with, especially in your old age. It is a known fact that the threat of medical conditions increases with growing age. If you are not well-prepared financially, you can land yourself in trouble as health-care is becoming expensive by the day.

To avoid continuing to work after retirement

There is a big difference between working for the pleasure of it and working under compulsion. If you do not want to spend your retirement years working under compulsion so that you will be able to pay your bills, you should start saving for your retirement suitably.

To avoid being dependent on anyone

If you do not want to depend on anyone for your post-retirement expenses, you have to plan accordingly. Be aware that your social security benefits may not be enough to fulfill all your retirement living expenses. Hence, saving for your retirement is the only way to navigate through your retirement years smoothly.

When should you start saving for your retirement?

The earlier you start saving for your retirement, the better. Ideally, you should start saving for your retirement in your youth itself. Make sure to plan for your retirement in such a way so as to get tax advantages. Certain powerful savings vehicles, such as RRSP enables you to save for your retirement while providing you tax benefits. You can start building your retirement fund with their help and remain prepared for a stress-free retirement life.

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To The Nursing Major

Is it all worth it?
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"You're going to feel like quitting. You're going to struggle. You'll have days where you'll wonder, 'what's it all for?' You'll have days when people attempt to break you down, or challenge your intelligence, skills and right to be where you are. You'll have moments when you question your own abilities, and perhaps your sanity - but you'll rise. You'll rise, because your strength as a nurse is not determined by one grade, one shift or one job - it's an ongoing journey of learning, honor, humility and a chance to make even the smallest difference in the lives of your patients."

Don't ever give up on achieving your dreams to be a nurse. Keep pushing forward, no matter how hard it is. Nursing is not an easy major. You will have very little, if any, time to do anything other than study. But just think about how great it will feel to connect with a patient, pray with them, and even save his or her life. This will make all of the late night studying, weekly breakdowns, countless cups of coffee, and tests so hard all you want to do is cry, worth it. To see a patient's face light up when you walk in his or her room will make your heart melt and you'll know you chose the right major.

The kind of nurse you will be isn't based on a test grade, it's based on your heart for the people you are caring for. You may have failed a class, but don't let that ruin you. Try again and keep pushing toward your goal. Don't allow others around you to drag you down and tell you you aren't good enough to be a nurse. Show them how strong you are and that you will never give up. There will be days when all you want to do is quit, I know I question my major more than once a week; however, there is a patient out there that needs you and your caring heart. You can do this, have faith in yourself that you can move mountains.

I will say that you definitely must have a heart for nursing. Personally, I want to be a Pediatric Oncologist and work at St. Jude Children's Research Hospital. Just the thought of those precious children going through the hardest part of their lives, keeps me going so that I can be there for them. I want to be a light to my patients and their families during a dark time. When I feel like giving up, I just think about how many lives I have the chance to touch and I keep on going. So when you feel like giving up, just think about your future patients and how you can make a difference, even if its only for one person. I love the quote from Katie Davis that states, "I will not change the world, Jesus will do that. But I can change the world for one person. So I will keep loving, one person at a time." Even though this quote is about foreign missions, I believe it fits the mold for nursing as well. Nurses have the opportunity to change the world for people everyday. Just remember that, smile, don't give up, and keep pushing toward your goal.

Cover Image Credit: chla.org

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10 things no one tells you about taking an Online class

Online or on campus, school is still school.

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While school has been out for most people, it isn't for me. This summer I decided to take a couple of classes. Both of which involved class online. My first class was a hybrid class, meaning it was half in person and half online, and my second class is entirely online. I expected class online to be like the busy practice work we get from the access codes in our textbooks, and boy was a wrong.

So let me tell you what no one tell you about taking an online class.

1. You constantly have to check in with your professor and classmates.

While you don't see them in person, you are constantly writing and replying to discussion board posts.

2. It's so much harder to focus on the material.

Trying to focus on your laptop, or tablet screen without checking your social media or going online shopping, is almost impossible. The temptation to switch open another tab and go off topic is crazy.

3. There's no slowing down, everything has a set deadline.

Typically, in an traditional in-person class, if the class isn't understanding something the professor can move deadlines for assignments, but online everything is set in stone.

4. You need great time management skills.

Don't get me wrong, I have pretty great time management skills between all my classes and working full-time, but online classes come with a lot more work, considering you aren't constricted by classroom time, traffic, weather and campus problems.

5. There's so much more class work.

On top of having to reading 20 chapters, you have questions in every section of every chapter that you need to answer, end of chapter questions, videos that you need to watch, homework assignments, vocabulary, test/quizzes/exams, and papers. Mind you the tests/quizzes/exam and papers are after every single chapter. I don't know about you but in my classes that actually meet in person, I have never had to answer any questions at the end of each section or chapter, and my tests/quizzes/exams where grouped into multiple chapters, not after every single chapter.

6. You still need to take notes.

Some assignments don't allow you to stop and look for the answer and you can't open another tab and Google the answer and scroll forever because you're being timed on the assignment. Writing notes down will help you remember the information.

7. If you learn hands on, you're going to have a harder time.

If you're a hands on learner, an online class might not be for you. There's nothing hands on about sitting in front of a computer screen.

8. You still have to study.

Like I said before, when you're doing an assignment and you can't stop and you're being timed, it helps to have studied the information before hand.

9. Technology can be a major problem.

Websites crash and run super slow sometimes and there's nothing that we can do about it. You just have to work through it and be patient. So don't do your work last minute, you never know when the website will be down!!

10. You are 100% responsible for everything.

While yes you are responsible for most of your traditional classes, you still have the professor to lecture and teach, but online you're teaching yourself everything.

Cover Image Credit:

Pexels

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