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SEEK OUT MENTORS Even though we are responsible for our own career development, none of us can claim full and individual credit 46 W Wealth Wisdom For Everyone for our successes. Other people count. Bosses and colleagues can be instrumental in our advances. In addition to working well with and consulting those in our immediate sphere of contact at work, it can also be useful to enlist the help of one or two friends or advisers outside our organisations. Mentors, in the form of career guides, personal advisers and people to whom we can turn in times of difficulty, have an important role to play.

MULTI-GENERATIONAL FAMILY CONTRIBUTIONS In many Eastern cultures, the multi-generational family plays a much more important role than it does in Western civilizations. Taking care of parents can be as important a part of the plan as talcing care of children. Where this is the case, the implications need to be taken fully into account in your Wealth Wisdom Plan. Chapter 5: Cultural Aspects of Personal Finance W 33 NATIONALITY DIFFERENCES In addition to the cultural differences of religion, family pattern and historic identity, nationality can play an important role in your planning exercise in other ways.

Another family may be seeking to educate a child abroad, which will require a substantial payment in British Pounds or US Dollars across many years in the future. g. in certificates of deposit) in the same currency. These objectives are all very clear and concise, as objectives should be. What is also important in determining your wealth Chapter 3: Your Wealth Objectives 1 17 objectives is to select only a few, high priorities and to articulate them in a clear and unambiguous manner. Business school wisdom tells us that our goals should be SMART: Specific, Measurable, Achievable, Realistic and Timespecified.