Hot Issues
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Securely transfer your personal information over the Internet
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Retirees make a comeback
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Some Terminology
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Retirement evolution
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Identifying Market Trends
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Market and Economic Update - December 2011
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Merry Christmas 2011
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Few know exactly what their true financial position is, do you?
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The art of balancing bad news
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How economic reality influences the market.
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Market and Economic Updates  -  November / December 2011
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Want to do some of your own research – no problems?
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Lump sum love affair
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How much money do you need to comfortably retire?
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You can afford to contribute more to super but .....
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10 most indebted nations
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Market and Economic Updates - October / November 2011
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Timeless lessons meet new challenges
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Securely transferring Your information to your Planner.
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Gender Gap
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The 5 types of earnings per share
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No more Star Trek conventions for Spock
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An introduction to behavioural finance.
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Market Updates - September / October 2011
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The Budgeting Tools /Calculators on our website have been upgraded.
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Stosur plan an antidote for volatility
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The best performing market over the past 10 years.
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Why it takes courage to stand still
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China buys US for a bargain
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Market Updates - August / September 2011
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Buckle up for a bumpy US recovery ride
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SMSF Management
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How the US debt downgrade impacts Australia
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Mixing business and super
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The tangled web of the Australian housing bubble
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Market Updates - July / August 2011
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Under your control
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Improving your financial literacy is vital to your future ......
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5 reasons you should care about Greece
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The more things change ......  (the Carbon Tax)
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Is the US already in a double dip recession?
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Market Updates  -  June / July 2011
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Wanted: a proper understanding of personal finance
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Will your retirement income be enough?
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Facing up to the wall of sound
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A look at Corporate profit margins
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Market Updates - May / June 2011
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A budget deficit worth watching
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Securely transferring your personal data over the Internet
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Hints on how to interpret a company's Prospectus
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The birth of a new class of Investor
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Demographic trends and the implications for investment
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Market and Economic Updates  -  April / May 2011
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Federal Budget 2011-12.   At a Glance
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Federal Budget 2011-12.   Overview
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Reality versus perception
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Improving the financial literacy of your children.
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The Economic Reasons behind Nuclear Power
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Room for improvement (Pensions)
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Some more terminology explained
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Market Updates - March / April 2011
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Uninformed and impatient
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Perspective on the tragedy in Japan.
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The essentials of Corporate cash flow.
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Out in the cold (the self employed)
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Some terminology explained.
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Market Updates - February / March 2011
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Improving financial literacy is an objective we should all have.
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Why baby boomers face a super sprint
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Don't buy yet - first calculate the stock's P/E and PEG ratio
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SMSFs:  Age matters
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Some more terminology explained
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Market Updates  -  January / February 2011
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Secure File Transfer
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CPI won't stop rate rises, says Economist
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Super contender
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Super birthday ahead
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Some terminology explained
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Market Updates -   December / January 2011
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Merry Christmas and Happy New Year
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A very good Budgeting Tool is available on our site.
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Flexibility the key to spending
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8 Financial Tips For Young Adults
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Retirement boomers
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Market Updates –   November / December 2010
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Finding your Super comfort zone
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What’s your debt really costing you?
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Out in the cold – and forgotten
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Tips For Buying The Perfect Investment Property
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Market Updates –   October / November 2010
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Professional help
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On-line Sales Under Scrutiny
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An often overlooked side of SMSFs
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6 basic financial ratios
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9 signs you can’t afford your mortgage.
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Market Updates –   September  / October 2010
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Jobs for Life
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Scams
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Breakdown shocker
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Market Updates –   August / September 2010
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Three Stages of Retirement
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Deemed Dividends
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When PEG beats the P/E Ratio
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Super Debt
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5 Billionaire habits…
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Market Updates –   July / August 2010
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Five things to do before interest rates go up.
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Save for retirement – 'I am not kidding'
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Commodities Boom Hinges on China
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Debt, Debt and more Debt
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Market Updates –  June / July 2010
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Help your young adult children better understand their financial position.
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Reality challenges many super perceptions
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Comparing the Japanese and U.S. Bubbles
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Watch out for overseas investment cons
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What is a cash Flow Statement
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Market Updates – May / June 2010
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Who are Australia’s best and worst savers?
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Greece:  The worst-case scenario
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Is your investing style Hot or Not?
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A need for simple guidance
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Market Updates – April / May 2010
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2010-11 Commonwealth Budget
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What does GDP measure?
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Super falls short for women
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World's worst countries for jobs.
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High controversy
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Market Updates – March / April 2010
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Personal Credit Ratings
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Evaluating a Company’s Management
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Super trouble for women
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Tips for the prospective Landlord.
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Forget those great expectations
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Market Updates – 28th February 2010
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A matter of age.
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Berkshire’s stock splits:  Good buy or Goodbye?
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Why no extra contributions? It's no mystery
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Stronger growth tipped for Australia
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Market Updates – 31st January 2010
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6 Reasons Why You NEED A Budget
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6 Months to a better budget.
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Amnesty – Overseas Undeclared Income
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The outsiders
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Inside self-managed super
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Market Update - 31st December 2009
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Merry Christmas and a Happy New Year to all our clients.
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Powerful Superannuation tool on our site.
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When taking an average approach pays off
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Why retirement could be bad for you.
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Gifts Provided to Employees at a Christmas Party – any FBT?
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Saving for a longer life
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Market and Economic Updates – 30th November 2009
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Powerful Budget tool available on our site.
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Highly complex, highly emotional
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Retiring on investment interest: can it be done?
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Is it all over?
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Are you living house poor?
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Attitude of Banks to Insolvency
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Market and Economic Updates – 31st October 2009
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Powerful Superannuation modeling tools available on our site.
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The Alphabet Soup of Stocks
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Out in the Cold
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Insolvent Trading Defences
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Australian Super Admin Costs 'May Fall'
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Shape matters when it comes to recoveries
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Market & Economic Update - September 2009
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Dumb, dumber, dumbest
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Business confidence hits six year high
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Matching investment risk tolerance to personality
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Retirement incomes loom as super’s big challenge
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Market and Economic update - August 31 2009
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Something remarkable with SMSFs
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A determined tram driver
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Price of crude jumps to 2009 high
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Super Fund Members may be Entitled to more Age Pension
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Investments Market Data - 30th June 2009
Why retirement could be bad for you.
9th November 2009
By Forbes.com
www.CompareShares.com.au  /
www.thebull.com.au

You cannot imagine how many times I've heard business builders lament: "By the time I'm able to smell the roses, I'll be too old to walk through the garden!"

Entrepreneurs should be so lucky. Here's what your recently retired buddies--those, that is, who can still afford retirement--slathering sun screen all over their balding pates don't know: Lying fallow erodes psychological health.

Martin Seligman, expert on the psychological origins of depression, detailed the ill effects of a life of R&R in his book, Helplessness: On Depression, Development, and Death. Studies show that men who retired from corporate jobs, donned their gold watches and lazed about at a resort lived measurably shorter lives than those who sought productive work. In fact, plenty of retirees who traded productive work for sunshine and early-bird dinners dropped dead surprisingly soon after making the transition.

Here's what's going on: Humans need challenges to replenish their sense of self-esteem. Without it, we feel impotent, vulnerable and helpless. Lack of self-esteem saps vitality, the kind that makes you feel like you can change the world--precisely the kind of energy entrepreneurs are suffused with when doing constructive things. Just as fish have to swim and birds have to fly, entrepreneurs have to build, improve and build again. Without that process, they - quite literally - die inside a little every day.

I call this idleness-borne syndrome Supernova Burnout. Unlike other forms of fatigue, this brand of burnout is very private and self-condemnatory. Those who suffer from it experience chronic trepidation, despondency or depression. In some cases they turn to alcohol, abandon their loved ones or fall prey to some other form of self destruction.

The prescription for Supernova Burnout is pretty simple: action. A patient of mine name Carmine (real names have been disguised) can attest to that. The grandson of an Italian food importer from Tuscany, Carmine became one of the largest importers of Italian wine in North America. At age 52, he sold his 25-year-old business to the Seagram Co, making Carmine wealthy beyond his dreams.

And, yet, he had little psychic energy to sustain him. Both of his children were in college, and his wife was devoted to her job as an English teacher. A hard worker since his youth, Carmine never developed hobbies and had few interests apart from wine. His line when we first met: "I have a world-class case of seller's remorse." Soon enough, Carmine was frequenting strip clubs and fraternizing with the help. (One dancer even began calling him at home, at which point Carmine severed contact.)

Sexual conquests, of course, were no substitute for the rush Carmine got from running his business. Worse, his marriage was on the line. I told Carmine that work might well be the best medicine. Perhaps he should approach Seagram about a consulting gig. (After all, he still had a bevy of well-placed contacts with suppliers overseas.) The company leapt at the offer, and Carmine found the satisfaction he had been missing--and craving--for so long.

Carmine's tale is no outlier. Given all the pressures--from friends, family, colleagues and, not least, the media--to enjoy the fruits of their labor, ennui-plagued entrepreneurs are myriad, whether they know it or not.

A final warning about Supernova Burnout: As much as they love to rack up accomplishments, entrepreneurs love to burnish their legacies nearly as much. That may feel satisfying, but it doesn't deliver the same vitality that comes from shaking things up and tackling new challenges. As Benjamin Franklin put it: "When you are done changing, you are done."

 


By CompareShares.com.au – for more articles like this click here.
CompareShares.com.au is Australia’s pre-eminent news and investing site for investors and traders, covering shares, superannuation, property, financial planning strategies and more.

 


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