RE-IMAGINING LIFE - YUSUF HASHIM

Summary

In this inspiring talk, YF Hashim reflects on the brevity of life, emphasizing the importance of living fully and not just existing. He discusses life stages, highlighting how career decisions and financial choices shape our experiences. He advocates for early retirement and enjoying life before it’s too late. Sharing personal adventures across over 100 countries and lessons on wealth management, Hashim advises focusing on financial independence, embracing personal passions, and spending wisely. His message encourages making the most of our limited time on Earth by balancing financial success with personal fulfillment.

Takeaways

• 🌍 Life is short and precious; make sure you live it fully, not just exist.
• 🧠 People often realize the value of life when they understand they only have one life to live.
• 👔 Employees spend most of their life working, typically retiring at 65, when the body starts to decline.
• 💼 Self-employed individuals often continue working for life, accumulating wealth they may never fully spend.
• 🚗 The speaker retired at age 53 to pursue adventures, traveling to over 100 countries and experiencing life beyond work.
• 🛳️ Highlights of his travels include sailing to Antarctica and the Arctic, trekking famous base camps, and witnessing unique wildlife and customs.
• 📸 He is a photographer, author of 10-15 books, and passionate about motorcycling, 4x4 driving, and flying.
• 💰 Investing early and wisely can significantly increase wealth. For example, small investments in Apple or Amazon stocks in 1999 would be worth millions today.
• 💡 Different stages of life come with their own challenges, from the turbulent 30s to the serene 60s and sage 70s.
• 🏞️ Retire early, make enough money for retirement, and ensure you enjoy life before your health declines.

Q & A

What is the main message YF Hashim wants to convey in his speech?

YF Hashim emphasizes the importance of living life to the fullest and not just existing, urging people to reimagine their lives and make the most of their limited time.

What is the average life expectancy mentioned by YF Hashim for Malaysians and Americans?

The average life expectancy mentioned by YF Hashim for both Malaysians and Americans is 76 years.

How much of their life do employees typically spend working according to Hashim?

Employees spend 42 years of their life working, retiring at age 65.

What does YF Hashim suggest about saving money during one's working years?

Hashim advises that employees should save money and accumulate capital for a good retirement, as they often neglect to do so despite receiving a monthly salary.

Why did YF Hashim decide to quit his job at the peak of his career?

YF Hashim quit his job to pursue his bucket list, see places, and do things he wanted to do before his body breaks down.

How many countries has YF Hashim visited and what modes of transportation did he use?

YF Hashim has visited over 100 countries, using driving and sailing as his primary modes of transportation.

What is the significance of the phrase 'your money is not your money until you spend it' in Hashim's speech?

The phrase suggests that the value of money lies in its use and enjoyment, rather than just accumulating it without spending it.

What investment advice does YF Hashim give regarding creating a passive income stream?

YF Hashim advises creating an investment portfolio that can yield a passive income flow of at least 75% to 100% of one's living expenses to ensure financial freedom and early retirement.

What is the importance of spending 'children's inheritance' according to YF Hashim?

He stresses that one should not hesitate to spend their wealth, including what might be considered as their children's inheritance, because money is only valuable when it is spent and enjoyed.

What is the concept of 'unmeshed' that YF Hashim talks about in relation to retirement?

Unmeshed refers to the idea of not identifying oneself solely with their job or career. It's important to develop a personal identity outside of work to avoid feeling lost or without purpose after retirement.

What are the three stages of life YF Hashim discusses in his speech?

The three stages of life YF Hashim discusses are: the work stage where one should earn enough for retirement, the passage of life which involves various life changes, and the final period of life or career where one should be unmeshed and develop friendships outside of work.