Redefining ‘success’ in midlife: going beyond the traditional metrics
As we get older, our definition of success changes. When you’ve achieved most of your goals, you begin to realize that success can no longer be solely measured by financial prosperity and personal achievements. Instead, it becomes a search for balance between financial stability, personal fulfillment, and the impact you have on the lives and the community around you.
Here are some ideas about how you can go beyond the traditional metrics as you transition into a deeper sense of purpose and meaning.
Investing in SRIs and ESG funds
Financial planning in this lifestage should go beyond securing your family's comfort. It's about creating a legacy that reflects your values and contributions to society. It’s not uncommon for people like you to diversify their investment portfolio to include socially responsible investments (SRIs) or environmental, social, and governance (ESG) funds. These investments not only offer financial returns but also contribute to positive societal change.
Sharing your knowledge
With years of experience under your belt, sharing your knowledge can be an incredibly powerful way to give back. Consider mentorship or advisory roles in local businesses, schools, or community programs. Your insights can help shape the next generation of leaders and entrepreneurs, creating a ripple effect of success and growth within your community.
Exploring the many ways you can do philanthropy
Philanthropy need not be limited to monetary donations. Your time, skills, and resources are equally valuable. Engage in community projects, support local charities, or start a scholarship fund for underprivileged youth in your hometown. These acts of kindness not only enrich the lives of recipients but also bring a deeper sense of purpose and fulfillment to your own life.
Fostering a legacy of giving
Involving your family in philanthropic activities can be a bonding experience and a way to instill values of generosity and empathy in the next generation. Whether it’s a family-run charity event or a collective decision on supporting a cause, these activities can strengthen your ties and set a foundation for a lasting legacy of giving.
As you continue to plan and build your wealth, remember that success is a multifaceted journey. Learn more about this part of your journey:
