Your Money or Your Life?

January 19, 2009 |

Speaking of finding meaning and purpose, MetLife’s Mature Market Institute just released the results of an interesting study this week on the priorities of those of us at midlife and beyond. Called Discovering What Matters: Balancing Money, Medicine and Meaning, the study explored how people prioritize their time and their goals in planning for and achieving their versions of the Good Life. In a previously unquantified finding, the study revealed that the Good Life for midlifers and our elders isn’t about financial freedom, good health, or even free time - but to experience a sense of meaning and purpose that can be provided through spending time with family, friends and other social relationships.

The study also found that even though this priority is clear, it’s often overlooked as people discuss their plans for the future. The results were so compelling that MetLife put together a free workbook, Discovering What Matters, together with Richard Leider that offers interesting frameworks that help you plan and focus your priorities. Richard Leider is founder of the Inventure Group, and author of the best selling Repacking Your Bags: Lighten Your Load for the Rest of Your Life. The travel metaphor describes life as a journey, with our experiences as the ‘baggage’ we carry as we go along. You can download the workbook on the MetLife site and use its tools to discover where you are on your journey and where you want to go next.

While you’re there, check out their website. They offer a range of resources and research on aging and retirement as well as financial planning tools.

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