5 Things You Should Have at Age 40

Moneymax Editorial Team

Moneymax Editorial Team

Last updated September 29, 2014

Life Begins at Forty

“Life starts at 40” as they say - the ideal age where you have the time of your life with sufficient amount of money and the energy to maximize it. Though it really is the best time for merely everything, not everyone is capable of achieving the ideal life at 40.

Not to put more pressure to the ones who are about to reach the big four-zero, here are things waiting to be ticked on or before reaching that age - hoping that you find this list as an inspiration to thrive more:

  1. Property

People at age 40 are believed to be fulfilling a family life. Make it a goal to invest in a residential property early in your working life. Build your family in your own home. Rent increases are outpacing purchase increases in the Philippines – that means, your monthly payments for your house may be less than the market price for rent in time. There are many options on fulfilling your dream homes – PagIBIG fund, housing loans offered by banks, and a lot more.

  1. Stable Cashflow

Being in your 20s makes you feel like #YOLO (you only live once) – it’s the time of your life when saving money is not at the top of your priorities. But if you've instilled financial wisdom early in your life and you’ve saved before everyone else, good for you. Your 40-year-old-self will definitely thank you for having a stable cash flow.

Proper time and financial management takes time and a lot of discipline to master and by this time, you should have mastered it well.

  1. Investment

Investment allows you to make your money work for you. It gives you more returns instead of putting in your bank – less interest over the same period. Stocks, mutual fund and bonds are some investments available. When you’re about to reach mid-life, you should have, at the very least, knowledge about financial literacy – all the more its risks and advantages.

  1. Insurance

Life is unpredictable - you get sick, you lose your job, you experience disasters and other untoward incidents your family can never be prepared for. You don’t want to double-stress yourself on collating money for these kinds of misfortunes. If your life, assets and properties are insured, you can save time and money while saving you from the unnecessary stress.

  1. Retirement Fund

Take advantage of time when you’re saving for your retirement fund. You should think your retirement the earlier, the better. At this time, do you really still want to go to work every single day for a company that isn’t yours? Of course not. Stay in your job not because you badly need it but because you want it. If you invest in your retirement fund early in life, you will have that freedom to stop whenever you want to.

Being 40 doesn’t only give you the time, strength and money but also the proper wisdom to face the remaining years of your life. Set your goals to maximize your full potential in all aspects of your life now.

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The Moneymax Editorial Team consists of talented and experienced writers, editors, investors, and subject matter experts on a mission to help Filipinos build healthier financial lives. Browse the Moneymax blog for information and advice on credit cards, loans, insurance, investments, and other personal finance topics. For more financial news and articles, follow Moneymax on LinkedIn.


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