The Reality Behind FaceApp’s #AgeChallenge – Are You Ready to Embrace the Older You?

Did you jump on the FaceApp #AgeChallenge that went viral recently? What was your reaction when you first laid eyes on your older self? Let’s take a deeper look at how you could learn a thing or two from older you.
The Reality Behind FaceApp’s #AgeChallenge

The #AgeChallenge went viral recently thanks to FaceApp, a photo editing app with an age filter that could add a good 50 years to a recent photo of yourself. The eerily realistic results caught the internet by storm, catching the attention of celebrities and athletes alike, with everyone taking to social media to share their results.

As fun as it was while it lasted, reactions to these older images of ourselves created a wave of mixed emotions. Some were proud of how they had seemed to age gracefully, while others felt that they could barely recognize themselves. If you were one of the many that jumped on to the FaceApp trend, how did you feel when you first saw yourself 50 years from now?

If you still have the photo in your phone, open it up and take a good, look at it. Does it make you smile and think, ‘I must have lived a good life!’ or did it hit you with a sinking feeling of dread? Ever wonder kind of life the old you would be living then?

Perhaps a long hard look at reality once the laughter has subsided (and you realising that your photos are now in the hands of a Russian company – but that’s not the point here), drives us back round to the matter that everyone seems to shrug off – prioritizing the plans for a good life in your elder years.

Save Today, Chill Tomorrow

Do we really need to be so frugal with our savings at this present moment for something we can’t even predict down the line? The hard hitting truth is knowing that around 65 per cent of Singaporeans are behind in accumulating funds to maintain their lifestyles after retirement, and 73 per cent are “not on track” with their retirement plans, based on OCBC’s inaugural Financial Wellness Index this year (Ng, 20191).

However, the key to a comfortable retirement doesn’t just rely solely on your income, it’s also about the percentage of the salary you’ve managed to save. Sure, higher incomes make it easier to save (and who wouldn’t say no to a higher pay), but learning how to maximize your savings percentage should be your main focus. Plus, setting up a savings accounts is SO easy these days and can be done online. Save early and explore your investment options with a long-term game plan (Forbes, 20172).

Pay yourself first

Forget the bills for a second, and make sure a chunk of that pay cheque goes out and in to a savings account faster than you can say ‘credit card’. Another option would be to set up an automatic transfer, which removes any flicker of thought to spend those savings on a nice vacation instead, and parks it nicely into a separate savings account (Forbes, 20172).

The ‘pay yourself first’ method brings along many advantages in the long run. You’ll be on your way to building a ‘nest egg’ with the ability to soften any blows with the help of emergency funds in the case of any financial emergencies. You’d be relieved to realize how a having a savings plan in place will fundamentally reduce large amounts of stress (Kagan, 20193).

Get Real with your Retirement Dreams

Sure, fantasizing about retiring to a little beach house in Bali at age 45 may sound fantastic right now, but face it, you’d either be bored by age 50 or scrambling for ways to support your new beach bum lifestyle. This doesn’t mean that you can’t live out the dream in your remaining years on this planet. It means circumstances may change, and what young, spritely you may think is a great idea now, may not sound so great in say, 30 years.

But who says there isn’t room for enjoyment? After all you would have worked your entire life for it. Weigh out your options and revisit your goals with the help of a professional consultant (Forbes, 20172). The sooner you get that going, the faster you’ll be on your way to high fiving older, FaceApp you.

Plan for the Unexpected

Life doesn’t always go according to the way we want it, and we’re bound to get tossed a couple of curve balls – a change in career, health, the economy, or even your family. To prevent yourself from getting hit by the impact of these possible stress factors, you’ll find that removing your financial worries from the mix would come as a major relief, if you’re well prepared. Have a good think about your personal goals and map out where you envision yourself to be, which will then motivate you put a solid savings and even a good investment strategy in place.

Don’t forget to bear in mind that planning for the unexpected isn’t just about taking care of yourself, but also the people whom you care about. Look into building a foundation that forms a contingency plan that everyone you love can benefit from (and thank you for). Explore different life insurance solutions is a great start, if you don’t already have one in place. But also make room to reconsider the probability of reassessing your plans should any unexpected instances surface (Forbes, 20172).

Get a Wealth Check-up

A Manulife survey found that only half of its participants had previously received advice from a financial consultant. If you’re one of the many that find yourself repeatedly concerned about the high costs of living in Singapore, then it wouldn’t’ come as a shocker to know that relying on your CPF alone isn’t your be-all end-all solution to a comfortable retirement. The average Singaporean retires at 62, but CPF payout eligibility age is at 65 years old. (Manulife, 20174).

Now may be a good time to explore getting a wealth check-up. A wealth check-up helps to examine your current financial and wealth stats across numerous areas which include risks, concerns and your vitals. The check-up will not only help you to highlight the major areas you need to draw your attention to, it also provides actionable recommendations to help you address them. Seeking financial advice from professionals can assist in laying out the ground work for you (Manulife, 20174).

Retiring shouldn’t be viewed as the end of the road. It’s the beginning of an open highway. Let us help you pave the path to that highway.


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Content Sources
1 - Ng Jun Shen (2019,August), The Big Read: The dreaded ‘R’ word — why Singaporeans need to start thinking seriously about retirement, Retrieved from
2 - Forbes Finance Council (2017, September), Ten Effective Ways to Plan for Early Retirement, Retrieved from
3 - Julia Kagan (2019, August), Pay Yourself First, Retrieved from
4 - Manulife (2019), A wealth check-up – What could a financial planner be able to tell me that I can’t find out on my own?, Retrieved from
5 - Siau Ming En (2019), Elderly to make up almost half of S’pore population by 2050: United Nations, Retrieved from