FYR003: Principle Two Strategy and Action

Strategy and Action is principle number two of the five principles for Funding Your Retirement. Strategy and action is a vital principle in the five because it is the ability to strategize and plan your way to financial self-sufficiency. It is about turning the information into action and turning your goals and ambitions into reality. Nowadays, in highly disruptive times, individuals need to boost their knowledge, skills, behaviours, and attitudes. Strong forces such as globalization, digitalization, and rapid demographic changes demand a strong ability to cope with change. Learning new skills or improving existing skillsets ensures that you are up to speed with the shift in trends. By using the five fundamental principles outlined in this mini-series, you can accelerate your financial self-sufficiency and fund your retirement.