The Wheel of Life
It’s easy to get embroiled in projects and lose sight of more important things in life. This leads to a lack of balance causing stress and frustration. The Wheel of Life helps you get a quick snapshot of how balanced your life is and where you need to redirect your focus when compiling your shared retirement plan. The segments on Purposeful Activity, Personal Growth and Fun and Recreation will form the core Rewirement elements of your plan.
Take some quiet time to reflect on your life as it relates to the sections of the wheel. It might be a good idea to do this separately and then compare with your spouse. Now score yourself from 1-10 on each of the spokes of the wheel. Join the points to form a wheel. How balanced does your wheel look? This will give you an idea of which areas will need attention in your life plan. Now plot your ideal score for each section. This does not necessarily have to be a full 10 but it should be reasonably in balance with the other sections. Now you have a picture of where your life is and an idea of where you would like it to be once you retire.
At the heart of your life are your values, things which you hold dear and which inform your behaviour and hopes. They are the guiding light as you find your way through life. Typical values might be honesty, integrity, and kindness to others or trying to do your best. Acting in tune with your values feels right, but when you go against them, the ride can feel very bumpy!
Encircling your life
We have taken the elements of the Wheel of Life and put them into a model for your shared retirement plan as illustrated here.
This model which looks a bit like a daisy is designed to help you plan different aspects of your life. Based on the ancient mandala or circle which symbolises wholeness and completion, each petal deals with the elements that make up the Wheel of Life: health, relationships and so on. Chunking down in this way makes it easier to build a comprehensive plan step by step. This will form the framework of your shared retirement plan and the guide will take you through each of the elements to the last chapter which is about making it happen.
A plan can be a complex thing, but we will guide you towards a simple and effective one-page plan.
This excerpt was taken from Rewire Don’t Retire, sponsored by Irish Life and Active Retirement Ireland. You can download the full guide HERE.