How to be happy - Happy 2011!

Personality:
1. Don't compare your life to others'. You have no idea what their journey is all about.
2. Don't have negative thoughts of things you cannot control. Instead invest your energy in the positive present moment
3. Don't over do; keep your limits
4. Don't take yourself so seriously; no one else does
5. Don't waste your precious energy on gossip
6. Dream more while you are awake
7. Envy is a waste of time. You already have all you need..
8. Forget issues of the past. Don't remind your partner of his/her mistakes of the past. That will ruin your present happiness.
9. Life is too short to waste time hating anyone. Don't hate others.
10. Make peace with your past so it won't spoil the present
11. No one is in charge of your happiness except you
12. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.
13. Smile and laugh more
14. You don't have to win every argument. Agree to disagree.

Community:
15. Call your family often
16. Each day give something good to others
17. Forgive everyone for everything
18. Spend time with people over the age of 70 & under the age of 6
19. Try to make at least three people smile each day
20. What other people think of you is none of your business
21. Your job will not take care of you when you are sick. Your family and friends will. Stay in touch.

Life:
24. Do the right things
25. However good or bad a situation is, it will change
26. No matter how you feel, get up, dress up and show up
27. The best is yet to come
28. Get rid of anything that isn't useful, beautiful or joyful
29. When you awake alive in the morning, thank your love ones

The eternal question – how much cash do you need to retire?

V insightful article...

The eternal question – how much cash do you need to retire?


Geraint Anderson - 'Geraint Anderson is the author of Cityboy - Beer and Loathing in the Square Mile.'

How much cash do you need to retire? That was the perennial question colleagues and I asked in the early stages of our City career. I suppose the fact we were debating this issue suggested our jobs weren’t completely fulfilling but then none of us had any illusions that our daily toil was motivated by anything other that the wish to accumulate as much cash as quickly as possible.

We even referred to work periods in the Square Mile as if they were prison sentences … someone who’d got out after a decade had done a ‘ten year stretch’ whilst those still in the game at 50 were called ‘lifers’.

I, and many of those in my ‘inner circle of trust,’ were frustrated artists and scientists. We’d sold our souls to the City merely because the pinstriped demons there were offering us the best price. We knew full well that life was short and that slaving away at spread sheets or talking to obnoxious clients was not how we’d choose to spend our years on this planet, but we struck a bargain with Mammon: you can have some of our youth but only so that our later years are truly free and joyous.

In 1998, we sat down to try and cement a figure that would allow us to live a reasonable life of few major extravagances but no financial worries until we’d shuffled off this mortal coil. Although there were differences of opinion the average net asset value (gross assets minus all liabilities like mortgages etc) we all agreed upon was … £2.5m.
For that, we figured you could buy a decent house out right in London (£700k) and a small gaff in the country (£300K). We then assumed that you could make an average annual post-tax return of 5% on the remaining £1.5m (£75K per annum). Combine this with £25K of annual income from bits and bobs you and your partner made as you tripped the light fantastic and you have a yearly post-tax ‘salary’ of £100K without even dipping into your capital.
Of course, you couldn’t buy Ferraris, get divorced too often, send your kids to Eton, but you could travel endlessly, drink fine wines, eat at restaurants regularly and never feel truly constrained by cash.
In February 2008 (7 years later than originally planned), at the age of 35 my net assets reached this mythical figure and I walked. Whilst the return I’ve achieved so far on my capital has been negative due to weak markets it has been without doubt the best decision I’ve ever made.
Money’s main role should be to grant you freedom to do what you want when you want. The endless pursuit of ever-flasher possessions merely builds a gilded cage that traps you and postpones your joy to when you’re not fit and healthy enough to truly enjoy it.