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 The old rule of having enough cash to live for 6 months is no longer valid.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 can I change my lifestyle to save money?

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How do I retire comfortably?

You need to know what you want to do in your retirement first then you can calculate if you can do this comfortably

You need to be aiming for 20000 pounds after tax if you are single and more than 30000 pounds after tax for couple. Take a look at inflation in the UK just now. Many are forecasting UK inflation to be multiples more of what we have been used to. This means your retirement fund needs to be increasing at closer to 10 percent than 5 percent for foreseeable future. This means an increase in the size of your retirement fund of in excess of 20000 per year to remain comfortable. The UK state is only gonna give you around 8500 per annum at best and thats only when you are 67 or older, not if you want to retire early.

People in the UK, on average, tend to retire with thousands of pounds less than what you need to retire comfortably in UK. Many escape to warmer climates where it used to be or still is cheaper cost of living. That may bring different lifestyle sacrifices other than monetary like moving away from friends and family.

How much do I need to retire UK?

How much do YOU need to retire comfortably in the UK? A luxury retirement income UK is out of reach for most people. Retiring in luxury when you haven’t been living luxuriously is probably unrealistic unless the reason tou haven’t been living luxuriously pre-retirement is because you started saving for your retirement early in your life, earned a decent amount over your working life and invested most of your earned income in a good type of investment.

Want to run your own car, go on holiday for a couple of weeks a year every year and eat out often with the odd fashionable purchase or two, then you’ll need to push up the figures above

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Essentially having more fun, with more stuff and living in better places is going to bump up the retirement fund you need to build.

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Start saving for your retirement as soon as you enter work in teens or early 20s. Older than that? You need to save more each month. Really older! You may need to pair down your planned retirement lifestyle.

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How much will you need to retire in the UK?

How much will you need to retire in the UK

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What not to do in retirement UK

Do you know what your retirement goals are? Without knowing what you want from your retirement makes it impossible to have the retirement find you need to live your retirement dream life. Make sure your retirement pal and retirement fund are realistic and effectively managed and deployed. Plan what you are going to do with your time in retirement in UK. Know what your retirement income and retirement expenses will be to give yourself the best chance to live the retirement dream. Take into account the boring stuff like retirement housing costs, utility costs and groceries as well as the retirement fun stuff costs.

Tips on how to make retirement fund cover your ideal retirement dreams

Pick up tips on how to fund Your dream retirement lifestyle. Create a financial plan to help you arrive at your best retirement. You may need to change your retirement plan to match a more realistic retirement goal or you can change how to build or use your retirement finds to deliver the optimum retirement life for you. Retirement planning advice advice may or may not be needed but you need to visualise what your ideal retirement is before you can deliver it for yourself.

Learn from retirees in UK

You may be able to learn from other people’s good tips. Think about the hobby, interest or activities you want to pursue in retirement and speak to retirees already doing them for tips on what to do and what not to do.

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The information on our website is not personal advice. We don’t have the perfect formula for you to plan your retirement. We only provide retirement lifestyle planning and living tips to help you create the best retirement find for you and help you spend it more wisely! What we offer does not constitute financial advice. If you need financial advice you need to speak to a professional financial adviser in the UK.

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I just want to go home but I don’t know where home is

What do you do when you want to go home but can’t?

Subscribe to Cheeringup.info for free for life improvement tips. Got anxiety about your life or just need some life tips or life hacks to find a better way through life today. Lacking comfort with your life can be a good driver towards a better life.

I just wanna go home but nowhere seems like home to me. Do you connect with this feeling? What are you going to do about it? What can you do about it? You can be happy and have this feeling but you can’t be content with your life?

If this feeling sounds like a bit of you, don’t doubt yourself. Use it as a catalyst to change your life for the better. Keep an open mind and remember to connect with others to talk through tour feelings if it will help bring clarity to your life decisions. Depression is a medical condition and we don’t offer medical advice. If you feel depressed you should seek medical advice asap.

Find out where your home is

You have to find your purpose in life. 99 percent of people have a simple purpose. Only 1 percent are destined to save the world. Of that 1 percent most do the opposite unintentionally!

Most peoples life from the outside is pointless. Their existence on this planet to others is or was pointless. What others think of your life is not your problem. Your problem in your life is to solve why you are here and what you are going to do to be content with your life.

When is your life enough for you?

  • When will you have enough money?
  • When will you have enough friends?
  • When will you have enough people liking you?

It’s not for other people to determine that. That is your job in life. Remember however, that if you are what you think other people think of you and not what you think of you, you will never be happy with your life. You will always be second-guessing what others think of you.

  • Normally you will be wrong about what other people think of you.
  • If you are right about what other people think of you, it is unlikely you will be able to change their mind what they think so you will always be unhappy with them and yourself
  • If you are wrong about what other people think of you, it is unlikely you will find that out but you will have wasted your life trying to change someones mind to like you when they already do like you

You see you are living a fools life even caring what other people think of you. What you have to do to feel content with your life, feel like you are home, is to like yourself. If you don’t like yourself you need to change that and only that. Knowing what to change is really up to you.

  • First of all you need to be clear what you want in your life, not just what you do want in your life
  • Secondly, you need to do at least one thing every single day that will make your life better that day or will make your life better in future. Don’t assume the stereotypical things representing a good life are is the best life for you. For example, life by the beach maybe one persons dream could be hell for someone who wants to make more money every day till they drop dead
  • Thirdly, you need to be consistent. At best your actions will create tiny improvement to your life. If you don’t do something every day to improve your life then your life will not get better. No one is going to come into your life and make it better. Only you can make your life better each day

Yes what you think will make your life better will change. Living your best life plan is like every single plan in life or business. No plan works in practice. Life changes the best laid life plan! However, you have to know what will make your life better each day and then do something that day – not tomorrow – that will make your life better.

One day near the end of your life you will realise that your effort each day to be a better person – for you – will have worked – for you. You might arrive at a totally different destination from where you thought you would when you set out. That is unimportant. What’s important is that you led the best life you could. You will feel content with your effort. You will feel you have arrived home.

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I just want to go home but I don’t know where home is

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

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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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Power of Positivity

You are good enough. Be more confident in your worth your ability to achieve more and the right to be happy. Love yourself more.

Positive thinking is not really about eliminating bad or poor thoughts. Positivity is about developing a personal expectation that you are worth good things happening in your life. You should think good thoughts about yourself so that you attract good things into your life. This doesn’t mean you will be happy all the time or that only good things will happen to you. It simply means you send out positive vibes or messages so that you attract good things into your life today and with gratitude for what you do already have in your life, maybe better things in your life tomorrow.

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Back yourself to achieve

How to back yourself more to achieve more in your life

Believing in yourself is the key to unlocking your full potential and achieving great success in life. However, self-doubt and fear of failure can hold you back from realising your true potential. If you want to achieve more in your life, you need to learn how to back yourself more. Here are some tips to help you do just that:

  1. Believe in Yourself

The first step in backing yourself is to believe in yourself. You need to have confidence in your abilities and trust that you have what it takes to achieve your goals. This means that you should focus on your strengths and positive attributes and not let your weaknesses hold you back.

  1. Set Realistic Goals

The next step is to set realistic goals that are achievable. You need to break down your larger goals into smaller, more manageable tasks. This will help you to feel more in control and will give you a sense of accomplishment as you complete each task.

  1. Take Action

Once you have set your goals, it’s time to take action. This means that you need to be proactive and take steps to achieve your goals. This may involve learning new skills, networking, or taking on new challenges. Don’t be afraid to step out of your comfort zone and try new things.

  1. Embrace Failure

Failure is a natural part of the learning process, and it’s essential to embrace it if you want to back yourself more. Don’t let failure hold you back or make you feel defeated. Instead, use it as an opportunity to learn from your mistakes and grow stronger. Remember, every successful person has experienced failure at some point.

  1. Surround Yourself with Positive People

Surrounding yourself with positive, supportive people is crucial if you want to back yourself more. These people will encourage you, give you constructive feedback, and help you to stay motivated. On the other hand, negative people can drain your energy and hold you back.

  1. Celebrate Your Successes

Finally, it’s important to celebrate your successes, no matter how small they may be. This will help to boost your confidence and motivate you to continue working towards your goals. Celebrating your successes also helps you to recognise your progress and can help you to stay focused on the bigger picture.

Backing yourself more is essential if you want to achieve more in your life. You need to believe in yourself, set realistic goals, take action, embrace failure, surround yourself with positive people, and celebrate your successes. By following these tips, you’ll be well on your way to achieving your goals and realizing your full potential. Remember, the only person who can hold you back is yourself, so back yourself, and the sky’s the limit!

Good Vibes

Good vibes are a positive feeling or atmosphere. They can be created by people, places, or things. Good vibes can make us feel happy, relaxed, and optimistic. They can also help us to connect with others and to feel more connected to the world around us.

There are many things that we can do to create good vibes in our lives. Some of these things include:

  • Surround ourselves with positive people
  • Spend time in nature
  • Listen to music that makes us happy
  • Do things that we enjoy
  • Help others
  • Practice gratitude
  • Be kind to ourselves and others

Good vibes are contagious. When we surround ourselves with good vibes, we are more likely to feel good ourselves. We can also help to spread good vibes to others by being positive and kind.

I hope you have a day filled with good vibes!

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