Some understanding from the book: "What Color Is Your Parachute? For Retirement."
Why "Enough Money" Isn't Enough?
If life is a journey and retirement is a journey too.
First, a true journey always has an element of the unknown.
Second, there is a need to maintain well-being in this journey.
Well-being
It has three distinct dimensions:
- Prosperity (material abundance)
- Health (a sound body)
- Happiness (a positive subjective experience)
A Recipe for Retirement
Here's an analogy for how the dimensions of well-being combine. Many dessert baking recipes call for four basic ingredients: flour, sugar, eggs, butter. It's amazing how many varied and delightful desserts you can create by using just these four ingredients in different amounts and proportions (plus different flavourings and spices). But no one of these ingredients can take ......
