"Choose to Live Rich, Rather Than Die Rich!"

Despite knowing that life is unpredictable and filled with twists and turns, we often wait until we have ample time, plenty of money, and boundless energy to explore its beauty. These ideal circumstances often remain elusive; however, this shouldn't stop us from living fully. We only have one life, so why wait for the perfect moment to enjoy it?

We must grab any possible opportunities available to us and create meaningful memories, realizing that the true essence of life lies in our experiences, not in the anticipation of an ideal future. It's always better to live in the moment and allow today's experiences to become the cherished memories of tomorrow.

While it is true that 'money' is important for future security, but it shouldn't come at the expense of meaningful experiences and personal well-being. Living economically to accumulate wealth while denying oneself the pleasures of life may appear noble, but it can lead to regrets and missed opportunities on later years. True richness lies in finding a balance between financial stability and enjoying the present moment.

In India, it's frequently observed that the older generation dedicates their lives to hard work, accumulating wealth, and meticulously save for their post-retirement expenses and medical costs. However, they often overlook budgeting for their wellness and entertainment.

Furthermore, this generation has experienced economic ups and downs and a lack of social security, leading them to prioritize savings over personal comfort and leisure. Their cautious approach is also influenced by family obligations such as funding their children's education, weddings, aiding in business ventures, caring for grandchildren, or handling emergencies. Consequently, this may leave them with limited time, energy, and resources to enjoy their own later years. Hence, it is essential for them to have a balanced approach wherein their children's needs can be met, and at the same time they can also secure their own finances, take out time for themselves before their physical fitness give up.

Various studies indicate that life expectancy in India has greatly improved over the years because of advances in medicine and healthcare, better diets, and healthier living.

As people age, they are more likely to face health issues, which means increasing medical expenses are inevitable. This is an unavoidable reality. Older adults often require more frequent doctor consultations, medications, and sometimes long-term care, all of which are bound to be costly. In addition, there are other challenges that make the elderly more anxious, such as rising inflation, declining interest rates on traditional investments, and insufficient retirement planning. All this agony put together makes them hesitant to live a more luxurious lifestyle in their later years.

However, in today's changing world, where preferences are evolving and prices are rising, it's important to recognize the shifting priorities of the younger generation and the challenges faced by the elderly who couldn't plan their finances well. This is why the younger generation is moving away from traditional investments like fixed deposits, real estate, and gold Jewellery. Unlike their elders, they want to earn, spend, and live richly. They now prefer stocks, mutual funds, income plans, and even cryptocurrencies. This shift has led to better returns due to easier diversification and the influence of international investment trends.

I feel that it's time for the older generation to open up and be flexible in adapting to this changing environment, free themselves from emotional attachments (both personal and financial), and prioritize their personal welfare by engaging in hobbies, spending time with friends, and fulfilling their own desires. This approach will undoubtedly lead to a fulfilling and enriched life for them.

The motto "Live Rich, Rather Than Die Rich" is a powerful reminder to prioritize a balanced life. It encourages every individual not to view financial stability as an end goal but rather as a tool to enrich their lives. This philosophy highlights the significance of valuing the quality of life over the quantity of wealth. It suggests that true wealth lies not in the accumulation of money but in the richness of experiences embraced and shared.

Every individual deserves the right to enjoy their life to their fullest!

Disclaimer: The views expressed in this article are solely based on my personal experiences and perceptions. I do not intend to cause any offense or hurt anyone's feelings. Readers are encouraged to interpret the content in their own context and discretion.