About Dominique

http://dominiquegoh.com

Singaporean Educator, Coach and Hands on Mom of Three.
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Finding a New ME- Mental Wellness

Since this series started  Nov last year I have yet to start writing a post on it even after the initial teaser post and 16th week check in post 

The past few months had been extremely busy for me and I  haven’t had the time to pen all my thoughts down.  Now that my schedule has more or less settled I can spend more time here on the blog and continue the series which I have put on hold.

Photo of Me

Photo of Me

Since last year I have been tweaking  my exercise and diet routine and experimenting on several different things to increase my energy levels.   Taking care of ones personal   mental  wellness is essential and I’m determined to take very good care of myself.

MENTAL Wellness

 is defined as “a state of well-being in which the individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community.”

 

It is extremely important  to take care of one’s mental health in order to do well in life. You need a balance to be able to function at an optimal level.

There are many aspects in  mental wellness that one has to take note of.  The  factors that make up wellness are defined in the poster above.

  1. Emotional wellness
    the ability to understand ourselves and cope with the challenges life can bring through acknowledging and share feelings of anger, fear, sadness or stress; hope, love, joy and happiness in a productive manner.
  2. Physical Wellness
    the ability to maintain a healthy quality of life that allows us to get through our daily activities without undue fatigue or physical stress. The ability to recognize that our behaviors have a significant impact on our wellness and adopting healthful habits (routine check ups, a balanced diet, exercise, etc.) while avoiding destructive habits (tobacco, drugs, alcohol, etc.)
  3. Financial Wellness
    the ability to be financially sufficient  with an understanding of spending habits, To be able to budget and plan for financial freedom.
  4. Social wellness
    the ability to relate to and connect with other people in our world through establishing and maintaining positive relationships with family, friends and co-workers.
  5. Mental wellness
    the ability to establish peace and harmony in our lives. The ability to develop congruence between values and actions and to realize a common purpose that binds creation together
  6. Environmental wellness
    the ability to recognize our own responsibility for the quality of the air, the water and the land that surrounds us and how we can make a positive impact on the quality of our environment.
  7. Intellectual wellness
    the ability to open our minds to new ideas and experiences that can be applied to personal decisions, group interaction and community betterment through the  desire to learn new concepts, improve skills and seek challenges in pursuit of lifelong learning .
  8. Spiritual wellness
    the ability to understand GOD and his WORD. To have a purpose of live based on the values and teaching of GOD.

All these eight dimensions have  to be well integrated for one to have a balanced life. It is no mean feat for one to achieve and it does need a lot of effort for one not to neglect one dimension in favor of another.

Is it possible to simultaneous develop all these different dimensions at the same time?

This is a question which I have pondered over for quite a while.  I deliberated on how to achieve it given my current situation and understanding.  There isn’t a model answer to this question but what I do know that it is certainly doable if one takes calculated steps to attain the desired goal.

In the next few posts I will be going through all the above mentioned points in detail starting with Emotional Wellness.

What have you been doing to develop yourself?

  1. Finding a New Me – An Intro
  2. Finding a New Me- Results after 16 weeks
  3. Finding a New Me – Mental Wellness
  4. Finding a New Me- Emotional Wellness
  5. Finding a New Me – Social Wellness

10 Financial Mistakes You Should Avoid

10 Financial Mistakes You should avoid

10 Financial Mistakes You should avoid

10 Financial Mistakes You Should Avoid- Strategies Designed to Help Keep Your Money SAFE and Growing by Stephen.  S. K Ng

It is extremely important to be plan for ones retirement and grow their existing funds. In his book Stephen shares with the readers 10 Strategies to prevent yourself from being broke in your golden years.

One of the most important thing that you need is A PLAN. There must be an idea of how you would like to grow your limited funds. You need to know your time horizon and whether the finances set aside is for long or short term.  The plan that you execute has to be one that will beat inflation and taxation while and even longevity risk.

The author goes through the meaning of annuity and how to avoid taxation which depletes your savings. There are several different instruments which one can use for investment. It will certainly be prudent to find out which one is suitable for you and also how each one works.

It is very important to be educated about the different investment vehicles available.  Not all strategies that are currently used are applicable to you. One has to look at their age and a host of other factors before determining which is the best course of action in  dealing with  financial investments.

One must remember not to put all eggs into the same basket and develop a diverse financial portfolio.  It is important to seek advice from professionals before deciding on what to invest in.  They will be able to give you a clearer idea of what is more suitable for your  in the short and long term depending on your goals.

There are certain types of insurance which one may need to consider to secure your estate for future generations.  Some of the insurance which the author recommends is term, disability and long term care.  Longivity risk is something which has to be addressed as nowadays many people are living well into their nineties and beyond.

My thoughts

Reading this book by  Stephen Ng made me reflect on my own personal financial planning. I haven’t really been thinking much about retirement and having enough to sustain the kids and my needs as for the past 20 years I left this to the  Ex who  is a CPA/CFA. On hindsight it was really naive and foolish to do so as he has been financial manipulative and I’m still working towards regaining my financial independence and freedom.

I definitely recommend this book if you are looking to know what are the 10 financial mistakes to avoid. It was certainly an eye opener for me reading the book and have encourage me to think more about my financial stability.

Disclaimer:  I received a copy of this book for review purposes.  Opinions are 100% mine.