Menu Close

IRA Financial Group Blog

Learning A Language

3 Minute Read
Key Points
  • Every new skill takes time
  • Making it a game can add to the fun
  • Life lessons abound when learning a new language

What Learning A Language Means

When you decide to learn a language, of your own volition and not because a school or business tells you to, you’re opening a part of your mind normally closed. What does that even mean? The term neuroplasticity refers essentially to the brain’s ability to form new pathways and learn more things effectively. And learning a language kicks the neuroplasticity into high gear by teaching the basics, harder questions, and full phrases.

Learning a language is hard, because when people are adults they approach things like adults. That’s why when you have kindergarten kids learning Frere Jacques they find it fun and easy, but grown ups worry about how they will sound or look, and don’t get into the feeling and true enjoyment of teaching their brain something new.

Secret Spanish Lessons

If you’re concerned you don’t have enough time to devote to a weekly class, try a daily one! If that sounds contrary to your beliefs, give it a chance. Apps like Duolingo and Babbel can teach you a new language in minutes a day, although how long it takes depends a great deal more on how much time you devote to it. This way, you can also manage your classes to be when you are most receptive. Morning commute? Check, do it on your phone. Close the door during your lunch break and do it on the work PC when you’re taking a break.

This is also something you can do for yourself, and it doesn’t have to cost anything. Always planned to take a trip to Paris? Learn French and make it a private gift you give yourself and something you can do to look forward to your trip. Looking to make a pilgrimage? Learn the languages you need to achieve the goals you want.

Mini Lessons In Language And Life

What exactly does learning a language have to do with saving for retirement? A lot, actually. Learning a language is something you need to apply yourself to, do with regularity, pay attention to, celebrate your milestones, and reap the benefits after trusting the process.

Regular payments for retirement will help make those goals within reach, in the same way that learning another language can help you get closer to your own goals in life and language. There are many ways to save for retirement, but the most rewarding for self-employed individuals tends to be the Self-Directed IRA or Solo 401(k).

Self-Directing Your Retirement Goals

Self-Directed IRA

A Self-Directed IRA LLC (SDIRA) is a type of individual retirement account that allows retirement investors to use their IRA funds to make alternative asset investments.  Self-Directed IRAs are similar to traditional IRAs, but they provide more investment options to IRA holders. By using this retirement structure, you can diversify your investment opportunities and invest outside of stocks, bonds, mutual funds, and other traditional assets. You can still make traditional asset investments, but if you’re more comfortable investing in assets like real estate and precious metals, the Self-Directed IRA LLC allows you to do so. Ultimately, this diversifies the assets inside of your retirement account.

Solo 401(k)

A Solo 401(k) plan is a 401(k) qualified retirement plan that was designed for self-employed individuals and small business owners with no full-time employees, excluding a business partner and spouse. Much like the traditional 401(k), this unique plan encourages individuals to save for retirement in a tax-advantaged environment. When participants contribute funds into the Solo 401(k), taxes on the funds will be deferred until the participant takes a qualified distribution.

The Solo 401(k) is an IRS-approved plan that has the same rules and requirements as a traditional employer-sponsored 401(k). However, the Solo 401(k) allows participants to make annual contributions to the plan as both an employee and employer, which ultimately increases the yearly maximum contribution limit.

Learning A Language

Choosing a new language to learn can depends entirely on your life circumstances. If you speak Russian and English but want to go to the Middle East, you might consider not just spoken but also written Arabic. If you’re going to Ireland, you might learn Irish but could be among the many of the Irish Diaspora learning a language no longer prevalent in the homeland. Curses in Yiddish are some of the most amazing, so that can always be a spur if you’re looking for something fun.

The point is that learning something new requires you be willing to be bad at something. Childlike, open. Willing to learn. And when you’re controlling your retirement you have to be willing to learn new ideas and methods, too.

Related Articles