“What do you see yourself doing five or ten years from now?” This is a question we have all been asked at some point in our careers.
When we were fresh out of college, we were hyped up with idealism and filled with dreams of achieving a better future. However, building these dreams came to a halt as we were forced to go into survival mode due to the pandemic. What’s more, we’ve also had to deal with the fact that the cost of living has skyrocketed, thanks to stagflation. One thing is for sure, dealing with these extraordinary crises was definitely not what we expected a few years after graduating.
Even if the future seems bleak, it is still possible to achieve your dreams – only if you are willing to regroup and find opportunities that can help you achieve them. Here are some tips on how you can restart your path to building your dreams and stay on track with your goals.
1. Reevaluate your plan. Ask yourself, “Is the path to my goal still relevant given the situation?” If your answer is no, then you may need to reconsider how you want to achieve your goal. Be adaptable and anticipate that the detours might take some time, so don’t beat yourself up if your timeline gets delayed
2. Get a side hustle. Getting another source of income is another way to help fund your goal, and the freelance industry is teeming with opportunities. The best thing about this industry is that most of them have flexible working hours and work can be done remotely. Figure out what you’re good at and offer your services to those who need them. If your skill is too niche, be open to learning new ones that fit the freelance market demand.
3. Learn to invest. Albert Einstein once said, “In the midst of every crisis lies great opportunity.” Believe it or not, you can find opportunity in a bad financial market. The general rule of thumb in investing is to buy low and sell high. Given the continuous stagflation, stock prices are still at an all-time low, providing the best opening to get into investing.
4. Find the right financial partner to help you. It can be a challenge to regroup and plan alone, especially if there are other things that need your attention or if you’re not familiar with financial instruments just yet. To help you navigate this environment, consider consulting with a professional financial advisor. Aside from being able to help you map out a new path to your goals, they can also explain the ins and outs of investing. And as a licensed professional, they can also determine the best type of financial solution to help you build your dreams.
It can be difficult to look at the silver lining of these crises, but if you give it a try, you’ll see a unique opportunity for us to become more resilient and resourceful. That despite the challenges that we face, if we have the courage to explore new opportunities, then we do not have to stop building our dreams and achieving them.
Ready to find your #PartnerForLife? Get in touch with a Sun Life Investments Advisor to refresh your financial journey today! Schedule a free appointment via www.sunlife.co/InvestmentsAdvisor.
ADVT.