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The life-long learning in transition to retirement

By Charles Barugahare | October 17, 2022
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I am delighted to welcome you to the third essential element in managing transition and retirement change — life-long learning. Remember the first was awareness about life-changes and the second was adaptation and the natural curve.  It may be quite helpful to familiarise yourself with Retirement Planning: Where to start from, as it will set a foundation for retirement planning.

Dictionary.com defines life-long learning as “the practice of continuing to learn throughout one’s entire life, especially outside of or after the completion of formal schooling.” But Henry Ford makes the message sink deeper home when he avers, “Anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young.”

From the transition and retirement planning perspective, long-life learning is justified as there are fundamental retirement opportunities and challenges to prepare for.

Reflecting on 80/20 Pareto Rule

The Pareto Rule refers to where 80% of what we achieve comes from the 20% of the effort, causes or inputs.  This is illustrated with examples:rule, board, circles-1752412.jpg

  • 20% of your wardrobe is worn 80% of the time
  • 80% of the stress is caused by 20% of the stressors
  • 80% of the wealth is owned by 20% of the population
  • 20% of your time leads to 80% happiness

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Harmonising the 80/20 Pareto Rule and long-life learning facilitates us to continuously improve and learn in areas of greatest impact in our lives than spending time on things with minimal or no impact at all in transition to retirement.

“It is estimated in Kenya that regardless of income level. Over 70% of employees are broke before end month. They live from pay cheque to pay cheque balancing between the bills and debts.” Wambugu Wa Kamau. The situation may be the same or worse in Uganda, Africa and globally in general. This arguably brings the urgency to learn to reorganise our personal priorities and finances to change or improve this situation.

Where does your money go?

Using the Pareto Rule cost reduction techniques, major changes can be experienced in managing your personal expenditures;

  1. Simplification — Calls for you to categorise which expenses create the most impact in your life (basic, safety or desired needs). Re-organise your expenses to make it simple to spend on those items that create the most influence.
  2. Focus on key drivers— Find the right strategy to determine what drives your expenses, for the reason that most of us don’t know what drives the greatest of our personal costs. Use the acronym T.E.A.C.H
    • Time — Spend time to discover what influences your costs and what you actually spend on. What are your highest expenditure items and what influences those costs.
    • Experience — Find out how those who have managed and succeeded have done it.
    • Assistance — Get support and input from quality experts, friends, peers etc. Don’t try to do it alone as you can be supported and well guided. “He who walks with the wise men will be wise.” — (Proverbs 13:20)
    • Creativity — Explore numerous ways identify your cost drivers including brainstorming, learning etc.
    • Hit it — Go straight to where your desired impact is, implement and take action. You will end up allocating your time, energy and money efficiently, in ways conducive to build secure retirement life.
  3. Comparison of performance — Check periodically how you are performing in line with your personal Pareto Rule standards you set. Monitor and take required corrective action.

Click here for how to remain committed to continuous personal learning


Life-long learning helps in seeking to understand, where you are uncertain, to observe how certain things are done, to put in practice what you previously learnt, to remain up to date with current affairs, to implement a new project or program, for fun and enjoyment and to explore alternative ways of doing things and so forth.,

Watch out for the 4th and last element in managing transition and retirement change — body signals and the science around body changes.