Friday, November 13, 2009

人一生中那時候是最富有?


昨晚在荃灣Suzuki Cafe與兩位老友聽了一位理財師關於退休理財要注意的阱陷, 也希望與其他人分享有關之心得!

退休前執教經濟學科, 其中一課為"Capital & Interest", 記得問到學生們: 你們認為人的一生中那時候是最為富有? 很多答不出, 我也就在個人的Blog site中與學生們討論有關收入和退休的問題, 由於有些學生選擇考英文卷, 有些選擇考中文卷, 他們要求我又寫中文版又寫英文版, 於是也順應了他們的要求, 寫了兩版, 內容大同小異; 其實當時工作已很累, 很想退休 ! 正是人算不如天機算, 現在退休了; 及早籌謀, 知足者, 盈盈樂樂(知竹熊貓)也。

舊Blog重溫:

1.“有人辭官歸故里,有人漏夜趕科場!”經濟學怎去解釋?

正所謂"壽則多辱",何不乾脆早早自行引退!退休,對某些人來說,可能是一件愜意的事情,但對某些人來說,可能是“人生最大的憾事”!有人辭官歸故里,有人漏夜趕科場!經濟學怎樣去解釋?...

Link: http://wongtc.blogspot.com/2005/06/blog-post.html
Written on Thursday, June 02, 2005

2. The problem of Longevity in Economics --- As inspired by Irving Fisher's Theories
Hong and Shanghai Banking Corporation Group has revealed the report of a global study of “The Future of Retirement” around the world in early May 2005 and found that: “H.K. people put health before wealth for a happy retirement and they are worried about their financial arrangements for retirement as 66% are concerned they will outlive their money in retirement. 93% think quality of life is far more important than longevity. 45% want to never work for pay again in retirement. 86% are seriously worried about becoming ill in old age.
Actually, the lack of preparation will jeopardize the dreams and plans for retirement.”...

Therefore, it makes me recalling the assertion of Irving Fisher(1867-1947) on his Theory of Interest that:

Interest in broad sense is the foreseeable growth in wealth that is consumable without reducing the initial amount.

Interest is the expected income from one's wealth. I = W * r

Where I =income, W =wealth and r = rate of returns (interest).

i.e. All expected future income yielded is regarded as interest.
Irving Fisher has a famous dictum: "Interest is NOT a part of income, but the whole of income. "

It is up to the individual rational decision on the retirement age.
Also written on 星期四, 六月 02, 2005

Tuesday, November 03, 2009

紅黃藍棕任客溜


昨天天朗氣清, 清晨時分也只不過是十三度的氣溫, 野外郊遊是最好不過的; 我本閑人, 早歸田園, 怎能錯失此良辰美景?大清早便往大埔滘自然護理區出發, 在這北大人冷鋒初到香港的時候, 與眾友人沿徑走了一個上午, 出了一身汗, 之後順道回母校校園用膳, 也趁機往中藥園(Herbal Garden)走一趟學習學習, 人生亦一樂事也, 口溜間有感而發!

翠綠松園彩徑幽, 紅黃藍棕任客溜;

翩翩鳳蝶隨風舞, 嗅盡百花意未猶。

木荷花開半凝羞, 楓香微醉曳山頭;

往事任隨風逝去, 他日乘興又重投。

忽憶及其他有關人生與財富的詩歌和雋言, 在此一塊立存照之!

長春子莫愁詩 :

衣食無虧便好休,人生世上一蜉蝣。

石崇未享千年富,韓信空成十面謀。

花落三春鶯帶恨,菊開九月雁含愁。

山林多少幽閒趣,何必榮封萬戶侯?

知足歌 :

人生盡是福,惟人不知足;思量肩擔苦,步行便是福;

思量走路苦,騎驢便是福;思量饑寒苦,飽暖便是福;

思量疾病苦,健康便是福;思量露宿苦,藏頭便是福;

思量荒亂苦,平安便是福;人生能幾時,不要不知足!

聖經馬太福音第16章第26節話齋:「人若賺得全世界,卻賠了自己生命,有甚麼益處呢!人還能拿甚麼換生命呢?」

人的生命價值尤是第一,不是嗎?