How does a recession impact retirees

Are you ready for the coming recession

How can I recession proof my retirement in the UK

Rising inflation may feel like a temporary pain, but it is here forever. Prices are unlikely to fall. Price increases may slow, but they are unlikely to fall.

What happens to your money in the bank during a recession?

It falls in value at the same rate as the level of inflation in the UK. If UK inflation is not already 10 percent it soon will reach then surpass it. this means the value of your cash in the bank is falling at an annualised rate of at least 10 percent.

How do you protect your assets during a recession?

During the coming recession, the best way to protect your assets is to be diversified in asset wealth creation and having enough cash available to cover your cost of living until better days arrive. When we see better days, it is unlikely that better days will arrive for many months, potentially years. The old rule of having enough cash to live for 6 months is no longer valid.

We are not suggesting that retirees liquidate any assets to create a cash Mountain, but be aware that cash availability increases your flexibility in response to a recession. What is rate for you will depend on your own personal circumstances and you should only act after seeking professional financial advice. However, we have created an online platform to research and develop your financial knowledge in order for you to make better financial decisions for yourself. There are so many storms coming in different disguises, that it makes sense to join forces to research the best way to protect yourself in retirement or planning for your retirement.

A diversified retirement fund and retirement savings also enables you to make choices based on more options. Most, if not all, asset classes are going down instead of up in terms of value. When we get to the other side of the recession, having a diversified asset portfolio may enable you to access your retirement fund more cost-effectively as you will have better options. If one asset class is still in the doldrums, another asset class may have recovered enough to enable you to liquidise some of the asset to provide income in retirement in the UK. The other poorer performing asset classes can then be left longer to recover and reduce the risk of your retirement fund being depleted.

How does a recession impact retirees?

It depends on how well you have managed to build your retirement fund. Retirees with no ability to increase their retirement income levels, will have a difficult time. with no extra money it means that rising inflation will impact more heavily. The money that retirees do have will not go as far. Budgeting will become more important. Finding savings will be beneficial in terms of maintaining retirement lifestyle standards.

  • Reducing monthly debt repayments will be helpful. Paying off more expensive higher interest debt first will be more beneficial quicker, assuming no penalties are imposed by lender for paying off debt.
  • Looking for better deals discounts and special offers can also maintain retirement lifestyle within your existing retirement income.
  • Cash is king! What may have been deemed emergency cash for a rainy day, may need to be used as a storm is on its way.

Get yourself organised to fight back against the rising cost of living. Keep in mind that you may also suffer a reduction of retirement income as some assets used by retirees may not pay the same level of retirement income due to the corporate sector making less profit during a recession. This is the double whammy of falling retirement income and rising cost of living.

The good news is that it is possible to protect or at least shelter from the recession storm coming. Few people if any will be unscathed by the global recession. Those people who act proactively and respond appropriately have a better chance of surviving the recession than those who bury their head in the sand. For some people with the option on unretirement may be sensible during a period of shortage of skills in the immediate future. Even this will change as the recession bites as unemployment will start to rise again.

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How does a recession impact retirees

How do you achieve health wealth and happiness?

Our UK lifestyle improvement hub is a free way to read lifestyle improvement articles and watch live and ondemand video stream to inform your decision-making for an easier better life in UK

When you are very young you are not really interested on such things. However as you grow older some contemplation on such issues can improve the quality of your life in UK:

  1. Focus on your now. Be in the present. Your past you can’t change and will only bring you anxiety trying to live there. Your future will never ever come and will only bring you fear to live there and most of your fears will not come true thus ruining your present worrying about the future.
  2. What is the worst that can happen? You are good enough. You just need to know what is enough for you.
  3. Stop chasing your future by knowing what you want in your life and then bringing it into your life, confidently know you are worth it and knowing it will come when the time is right. Allow yourself the luxury of contentment and gratitude for what you have already.
  4. Eat and drink well. Identify what your body and mind needs and feed yourself properly.
  5. Move about more! You do not need to train for a Channel swim, the London Marathon or immerse yourself in pain. Just move about more every single day.
  6. Sleep and rest. Chris Hoy won gold partly because he rested has hard as he worked!
  7. Love yourself more! Cut yourself some slack. You live in a difficult world with people who are difficult and who want to make your life complicated. Life is complex not complicated. We know what we need to do to be healthy wealthy and happy. You just need to do it instead of procrastinating or waiting for someone to help you. No one is coming. Practice self-care and good things will happen to you.

Your worth loving.

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How are health and happiness related?

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Happiness Health Wealth

Happy people tend to live longer. It’s not automatically so. Happy people can and do die young, but your giving yourself a chance of a long life if you can lead a happier life.

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Ask a billionaire how much he or she would pay to be healthier if their health was failing! The richest people on this earth are the ones who have good health. The greatest wealth is health. Health is wealth. How important is health a value to you?

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Are you always living in the past or the future? Living with past regrets will only bring you pain. Living for your future will only bring you anxiety about its appearance, or not.

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You will never live in your future. Trouble is you will waste the here and now worrying about something that will probably not happen in the way you want. The only way to live a happier life is to live fully now every single day!

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Stop living in the future or your past

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We all make mistakes. Our past is most probably sprinkled with macro-mistakes and definitely littered with micro-mistakes! Macro-mistakes include the wrong partner, wrong job or wrong investment of money. Micro-mistakes include wrong insurance, wrong restaurant or wrong holiday destination.

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Your happiness depends on how you react to life events not the event occurring in your life

Discover how to improve your lifestyle in UK with Cheeringup.Info tips

It does not matter what life events you suffer as it is how you react to those events that will determine your level of happiness. Life events will not make you unhappy, it is your response to those events that will determine your medium to long term happiness. You persons personal existential crisis is the next persons personal challenge to overcome. Being more positive about unwanted events can stop a spiral of despair from which it will be harder to recover and prosper.

Coping with life events is not about controlling everything in your life

Happiness with your life is not about what happens to you. Its about how you react. We can chose how to react. That is not to say it is easy to react. It just means we have the option to react badly or better. You are in control of how you think at any one time and you can only think about one things at a time.

It is about controlling how you think about the things that are in your life right now. If you control how you think about your life at every moment of time then you can control if you are happy or not. We can control how we react. Life is how you react to events. Life problems are not the problem. Your reaction to your problems is the problem with your life.

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Tips For Easy Life UK

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Living an easy life is something that many people aspire to, but it can be difficult to achieve. The fast-paced world we live in can make it challenging to find the time and energy to relax and enjoy life. However, with the right mindset and a few lifestyle changes, it is possible to create a more relaxed and fulfilling lifestyle. In this article, we will explore some tips and strategies for living an easy life in the UK.

Prioritise self-care
Self-care is essential for living an easy life. Taking care of yourself physically, mentally, and emotionally is crucial for maintaining good health and wellbeing. Self-care activities can include anything from taking a relaxing bath, getting a massage, practicing meditation or yoga, or simply taking a walk in nature.

Self-care should be a regular part of your routine, not just something you do when you are feeling stressed or overwhelmed. By prioritising self-care, you can improve your mood, reduce stress, and feel more energised and productive throughout the day.

Simplify your life
One of the biggest obstacles to living an easy life is clutter and complexity. Simplifying your life can help you feel more relaxed and focused, allowing you to enjoy the things that matter most. Some ways to simplify your life include:

  • Decluttering your home: Getting rid of excess stuff and organising your living space can help reduce stress and improve your mental clarity.
  • Saying no to unnecessary commitments: Sometimes, saying no to things that don’t align with your values or priorities can be the best way to simplify your life.
  • Unplugging from technology: While technology can be helpful, it can also be a source of stress and distraction. Taking a break from screens and social media can help you feel more present and focused on the moment.

Create a positive mindset
Your mindset can have a big impact on your overall happiness and wellbeing. Cultivating a positive mindset can help you overcome challenges, stay motivated, and enjoy life more fully. Here are a few ways to create a positive mindset:

  • Practice gratitude: Focusing on what you are grateful for can help you appreciate the good things in life and stay positive.
  • Surround yourself with positive people: Being around people who uplift and support you can help you maintain a positive attitude.
  • Focus on solutions: When faced with a problem, focus on finding solutions rather than dwelling on the negative.

Make time for hobbies and passions
Engaging in hobbies and passions can be a great way to relax and enjoy life. Whether it’s reading, gardening, painting, or playing a sport, pursuing activities you enjoy can help reduce stress and increase happiness. Try to make time for your hobbies and passions regularly, even if it’s just a few minutes each day.

Prioritise rest and relaxation
Rest and relaxation are essential for maintaining good health and wellbeing. Making time for rest and relaxation can help you recharge and feel more energised and focused. Some ways to prioritise rest and relaxation include:

  • Getting enough sleep: Aim for at least 7-8 hours of sleep each night to help your body and mind recharge.
  • Taking breaks throughout the day: Taking short breaks throughout the day can help you feel more relaxed and focused.
  • Practicing mindfulness: Mindfulness practices like meditation or deep breathing can help you relax and reduce stress.

Build meaningful connections
Building meaningful connections with others is essential for living an easy life. Social connections can help you feel supported, connected, and happier overall. Here are a few ways to build meaningful connections:

  • Spend time with loved ones: Whether it’s family, friends, or a significant other, spending time with people you care about can help you feel more connected and supported.
  • Join a community group: Joining a group with shared interests can help you meet new people and build a sense of belonging and purpose.
  • Volunteer: Volunteering can be a great way to meet new people while giving back to your community.

Practice work-life balance
Achieving a healthy work-life balance is essential for living an easy life. When you are able to balance work and leisure time effectively, you can avoid burnout and feel more fulfilled overall.

Here are some tips for achieving work-life balance:

  • Set boundaries: Set clear boundaries around your work hours and avoid checking emails or doing work-related tasks outside of those hours.
  • Prioritise leisure time: Make sure to prioritise leisure time and engage in activities that help you relax and recharge.
  • Take breaks: Taking short breaks throughout the workday can help you stay energised and focused.

Living an easy life in the UK is achievable with the right mindset and lifestyle changes. By prioritising self-care, simplifying your life, cultivating a positive mindset, pursuing hobbies and passions, prioritising rest and relaxation, building meaningful connections, and practicing work-life balance, you can create a more relaxed and fulfilling lifestyle. Remember that small changes can add up to big results, so start implementing these strategies today to live your best life.

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Discovering you life’s enjoyment and for rest of your life

Discovering how you would really enjoy spending your life next year is a process that requires introspection, reflection, and a willingness to take action. It can be a challenging process, but it is also an incredibly rewarding one. By understanding what you need to do differently next year, you can create a plan that aligns with your values, goals, and interests, and helps you live a more fulfilling life. Here are some top tips to help you get started:

  1. Reflect on your current life: Take some time to think about what you like and dislike about your current situation. Consider your work, relationships, hobbies, and overall sense of fulfillment.
  2. Identify your values: Your values are the things that are most important to you, and they should guide your decisions and actions. Think about what values are most important to you, and how you can align your life with them.
  3. Set goals: Setting goals can help you focus your efforts and give you a sense of direction. Consider what you want to achieve in the next year, and create specific, measurable, attainable, relevant, and time-bound goals to help you get there.
  4. Explore new interests and hobbies: Trying new things can help you discover passions and interests that you may not have known you had. Consider taking up a new hobby, joining a club or organisation, or volunteering for a cause you care about.
  5. Take small steps: Don’t try to overhaul your entire life all at once. Instead, take small steps towards making the changes you want to see. This can help you build momentum and stay motivated.
  6. Seek support: It can be helpful to have support from friends, family, or a therapist as you work to make changes in your life. Consider seeking guidance from someone you trust.
  7. Be open to change: Change can be scary, but it can also bring new opportunities and experiences. Try to be open to new ideas and be willing to take risks.
  8. Practice gratitude: Focusing on the things you are grateful for can help you stay positive and motivated as you work towards your goals.
  9. Take care of yourself: It’s important to prioritize self-care as you work towards your goals. Make sure to get enough sleep, eat well, and engage in activities that help you relax and recharge.
  10. Be patient: Change takes time, and it’s important to be patient and kind to yourself as you work towards your goals. Remember that progress takes time, and it’s okay to celebrate small victories along the way.

By following these tips, you can begin to understand what you need to do differently next year and create a plan that helps you live a more fulfilling and enjoyable life.

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How would you really enjoy spending your life?

Small changes can dramatically improve your life if you consistently apply them. Things to change your life for the better are unlikely to be complicated but they can be hard to maintain if you are not in right mindset. Getting a better grip on your life can make you happier wealthier and healthier.

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What you do every day is more likely to change your life for better or worse. Your annual holiday can be fun but it is unlikely to have lasting beneficial effect. It could cost you thousands of pounds but will not be as positively life changing as free small changes you can make to your life today and every day.

Helping other people can also help yourself. Being kind to others is being kind to yourself. Try not to make changes to your life that will hurt others. Instead helping others might help you enjoy life more.

Simple ways to improve your life

Moving more every day can improve your health and well-being. Being more active every day could be better for you than one weekly session in gym for an hour. Taking control of stress factors does not mean solving stress factors. Being in control of your controllables will make you feel better and this will help solve your stress problems.

I am and will continue to be healthier wealthier and happier every day

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What small changes can you make right now to improve your diet health and fitness? Turn your life around by starting small. Make sure the change is easily achievable. Doing this one thing to improve your life will give yourself confidence you can do more to improve your health wealth and happiness.

Make sure you use your available time on the things that improve your life not detract from the quality of your life in UK. However don’t forget to enjoy what you already have in your life. Failing to notice the food in your life and running off to get something better may destroy what is already making your life good. Making changes slowly gives you a chance to reflect and enjoy life without throwing the baby out with the bath water.

Things you can do right now to improve your life

Decluttering your life is something you can control. Decluttering your life is a stress reliever. It is hard to keep all plates in your life spinning at once. Maybe somethings in your life need to stop or be removed until you have tackled the things in your life that really matter.

Take a little time each day to focus on small things you want to do to make your life better today or tomorrow.

Based from your assessment what are the things that you need to improve your lifestyle

What are the things that truly matter to your enjoyment of life. Focus on managing them better to improve your life. Focus on something each day or each week which needs to be dropped from your life to allow you more time to focus on what really matters in your life.

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Enjoy The Passage Of Time

The secret to eternal happiness is to simply enjoy the passage of time

Live in the moment, not your past nor your future life

In a rapidly changing world with many threats and opportunities we often scramble to protect ourselves or seize a better lifestyle. In truth the best way to enjoy life is to work at enjoying the passage of time.

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Certainly worrying about thinks outside of your control is fruitless. Good or bad things could and will happen to you, but if you cannot control the the chances of either then why worry about them? If they happen you could not have influenced outcome. If they don’t you have wasted your life worrying about something that did not happen! Destroying your enjoyment of life now is surely wasting your life.

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The secret of life is enjoying the passage of time

Why wait for some event to happen or pass before you start enjoying life? Waiting for fate to deal its hand to you is wasting time that you will never get back.

Yes work towards improving your lifestyle but do not forget to enjoy life now!

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Find a way to enjoy what you have already in your life

Appreciating what you have is the secret to a happy life. Comparing what you have or have not to others is more likely to cause you pain.

Time flies! Before you know it a decade will have passed and you will still be searching for a happier life.

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Know when you have enough

What is enough for you only you can decide. However if you do not recognise when you have enough you will strive unhappily for something that will not bring you more happiness when it arrives.

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Do you feel there is never enough time to enjoy what you love? Maybe it’s time to refocus your energy and time in what will bring you happiness. That may mean more or less financial wealth, but will enrich your life more.

Accept The Past Embrace The Future And Live In The Present To Enjoy Your Life Every Day
Accept The Past Embrace The Future And Live In The Present To Enjoy Your Life Every Day

The Bad News is that Time Flies, the Good News is that You’re the Pilot

Time flies. It’s a phrase we’ve all heard, and it’s true. Time seems to pass more quickly as we get older, and it can be hard to keep up with all the demands of our lives. But the good news is that you’re the pilot. You’re in control of how you spend your time.

Who said time flies but you’re the pilot?

The saying “time flies but you’re the pilot” is often attributed to Michael Altshuler, a British comedian and actor. However, the sentiment has been expressed by others throughout history. For example, the Roman philosopher Seneca said, “It is better to suffer once than to fear forever.”

What is the meaning of bad news is time flies and the good news is you are the pilot?

The saying “the bad news is time flies, the good news is you’re the pilot” means that while time may seem to pass quickly, you are in control of how you spend your time. You can choose to use your time wisely or you can waste it. It’s up to you.

Here are a few tips for making the most of your time:

  • Set goals and make a plan. What do you want to achieve in your life? What are your dreams and aspirations? Once you know what you want, you can start to make a plan for how to achieve it.
  • Take risks. Don’t be afraid to step outside of your comfort zone and try new things. The only way to grow and learn is to challenge yourself.
  • Surround yourself with positive people. The people you spend time with have a big impact on your life. Make sure you surround yourself with people who are supportive, encouraging, and who make you feel good about yourself.
  • Give back to others. One of the best ways to find meaning and purpose in life is to give back to others. Volunteer your time, donate to charity, or simply do something kind for someone else.

Remember, time is a precious resource. Don’t waste it. Use it wisely and make the most of every moment.

Here are some additional tips for making the most of your time:

  • Be present in the moment. Don’t dwell on the past or worry about the future. Focus on the present moment and enjoy the ride.
  • Don’t be afraid to say no. It’s okay to say no to things that you don’t have time for or that don’t align with your goals.
  • Delegate tasks. If you have too much on your plate, don’t be afraid to ask for help. Delegate tasks to others so that you can focus on the most important things.
  • Take breaks. It’s important to take breaks throughout the day to avoid burnout. Get up and move around, step outside for some fresh air, or simply close your eyes and relax for a few minutes.

Time is a precious gift. Don’t waste it. Use it wisely and make the most of every moment.

Enjoy The Passage Of Time