Two Wheels Good – Four Wheels Better

Inspiration (c) R Dennison 2013

Inspiration (c) R Dennison 2013

Having noted that Sir Alex has now announced his retirement from Manchester United, I should point Sir Chris Hoy beat him to the retirement arena by a few days.  However Sir Chris, at 37 years of age, is actually changing gears in career terms.

As the Daily Telegraph coverage confirms Sir Chris is leaving the world of cycling to pursue a goal in the world of motor sport, courtesy of the SR1 circuit for novice drivers.  Speaking about the inspiration to pursue this new challenge, he has said:

“I love cars, I love racing bikes, I’ve still got that competitive instinct even though I’ve retired from racing bikes, and I’ve driven on circuits for a number of years now, just on track days, so to combine the two and to have a little bit of fun… it’s just a great chance for me,”

It is great too that he has identified what is important – competition plus fun – and transferred the same confidence he brought to the velodrome to the racing circuit.  That calculation suggests that his goal is clear, and the steps he will be taking to move toward what he wants are equally certain.  I would put money on him being successful in his new field too, given time.

Sir Alex Knows What He Wants

Alex Ferguson

Alex Ferguson (Photo credit: Wikipedia)

Sir Alex Ferguson is clear about what he wants in his retirement.  He sounds like a man who understands what is really important about taking this decision at this time.  He sounds at peace with his life as a result.  In his statement he says:

“The decision to retire is one that I have thought a great deal about and one that I have not taken lightly. It is the right time. It was important to me to leave an organisation in the strongest possible shape and I believe I have done so…I am delighted to take on the roles of both director and ambassador for the club. With these activities, along with my many other interests, I am looking forward to the future”.

I like that he is looking forward to the next chapter of his life.  Good luck to him.

Time Is On Their Side (Yes It Is)

English: Trade ad for 1965 Rolling Stones' Nor...

English: Trade ad for 1965 Rolling Stones’ North American tour. (Photo credit: Wikipedia)

When they started to work together 50 years ago I doubt the Rolling Stones knew how successful they would be decades later.

Their goal was to play the music they loved, in front of people who appreciated it.  That plan seems to have worked out quite well.

Now, according to BBC Business coverage of their sellout O2 concerts, their most recent tour – A Bigger Bang – earned £348 m. Which sounds like a decent contribution to their retirement fund.

Not that they look ready to put their feet up.

All of which contrasts to recent research, about life planning, published by the National Association of Pension Funds.

NAPF believes many over 50s are sleepwalking into their old age. Essentially they are not putting enough by for their non-working years. Risky given increasing life expectancy.  Making ends meet in years to come calls for effort now.

Perhaps a good first step  would be to visit the Money Advice Service website and see what information it contains, to help with long-term planning.

A reasonable second step would be to find a supportive coach, set a financial goal, and work steadily towards it.

Most of us won’t be multi-millionaires in our 50s and 60s but, I believe, many of us could be more secure financially: starting now with a bit of time devoted to planning our future.