Middle age – Here it comes!

If you are in the threshold of middle-age, then here are certain things you need to ponder.

1. You don’t have much time to live. You would have realized by now that you cannot carry anything along with you when you leave this world. Thus there is no point in saving much for the future. If you have to spend the money, spend it. If you have to enjoy your money, enjoy it. Whatever you do, don’t leave all your money to your children or to your grandchildren and make them leeches and vultures.

2. Agonizing yourself about what may happen after you are gone won’t help much. You will turn into ashes and it won’t be any of your concern whether people rave or rant about you. You no longer will be able to enjoy your wealth or your worldly life.

3. Torturing yourself about your children may not help much since your children will follow their own providence. Don’t become your children’s bondservant. Give them a good education, care and love them – but enjoy your money while there is still life. Life is not working throughout your life from the ‘being born’ to the ‘being burned’. By now you would have realized that expecting too much from your children would be a folly. Your children would be too busy with their jobs, building up a career, family, house, asset, name, fame and commitments. They may also be busy fighting over your assets even when you are still alive wishing an early death so that they can inherit your properties and possessions. You may have no claim to their money – but your children think that they have all the rights to your money.

4. Now is a good time to stop working. Don’t do transactions with your health for wealth. But then when do you stop making money? How much is enough? Rs. 50 Lacs? Rs. 1 crore?. Rs. 5 crore? Rs. 10 crore? How may flats do you want to possess? How much land is good enough? How may villas will satisfy you? At the end you need only a bed to sleep and some good food (if not friends) and whisky to see you through!

5. Are you after name, fame, position or you are after happiness, health, pleasure, quality and longevity of life?