Thanks man. You make me chuckle with internal reflections. My Mom and myself also do the 'where did I put it' dance.
I'm also not a slave to fashion. I learned long ago that washing machines and driers ruin clothes.
Just yesterday, I was in a restaurant and the waitress had on those pants that have holes in them.
I stuck my leg out and said, 'We are right in style.' She had this put out sort of look because MY holes are not faked.
Going into debt... RIGHT.
I had a tenant that went behind in rent because of her Christmas spending...She never quite made it all up.
So, inadvertently I bought her kids presents.
Dang... I checked line 11 of my last years 1040 and that figure is just barely, less than 1000 dollars over the second level of earnings for IRMAA calculations. So, I'll be 're-contributing' $124.20 more per month from the S.S. deposit in the next year. I sure hope it is put to good use!
Sir Richard,
Thank you. I was also a penny hoarder in my youth to an unhealthy extreme. That was the building phase and now, being in the distribution phase, I turned on all my retirement funds as annuities. I'm done with thinking about earning more and made the mindful transition to spending freely.
That really IS freeing to the mind. I recently told a lady that having more money than needed enables one to be a blessing to others. She is in her mid 50s saying she can always make do with what she has. I'm sure by limiting her lifestyle.
My comment was to show her another way to think. I enjoy your thoughts!
I don't see where Richard says he pays cash so the recipient won't pay taxes on the income.
I always over pay a restaurant bill in cash, and say 'keep the change'.
Me too Dave!
Mom would make the best Blue Berry pie! Of course it did have the best sugar! ha.
I like BB in pankakes with walnuts or crushed pecans.... Yummm
Interesting! I also got the 'C' diagnose and had an expensive operation but only had a hospital fee to pay for something but it was less than $100.
I have United Health Advantage and am very satisfied . . so far. I have an eye exam next month, I won't have to give them my cash at all. So, I wonder what is best but will keep what I have.
Yes, thanks for bringing up the fact that when we are in production mode, it is better to make the most of it and delay gratification so that the later, prime time years are not stressed by money. However, letting young folks in on that secret is like giving a horse a pail of water when they aren't thirsty.
Thank YOU Jonathan! Your observations are valuable to those folks experiencing the 'Good' retirement we like. I've followed many rules of wealth accumulation until they became habits. Many of which, my spouse couldn't follow and caused her to flee the family. Such is life. The two sons will have a trust to begin managing when I pass which will be a very good inheritance.
My money is mine to spend. So, now in the twilight years spending the earned bounty is actually fun!
The money gives great freedom and fosters spontaneity. When cost isn't a consideration, fun follows. It's breaking those old habits that has to be learned first.
Comments:
https://www.hospicenursejulie.com/ I recommend this book. Much information about dying.
Post: At the End
Link to comment from December 7, 2024
Thanks man. You make me chuckle with internal reflections. My Mom and myself also do the 'where did I put it' dance. I'm also not a slave to fashion. I learned long ago that washing machines and driers ruin clothes. Just yesterday, I was in a restaurant and the waitress had on those pants that have holes in them. I stuck my leg out and said, 'We are right in style.' She had this put out sort of look because MY holes are not faked.
Post: What I Always Wanted
Link to comment from November 30, 2024
Going into debt... RIGHT. I had a tenant that went behind in rent because of her Christmas spending...She never quite made it all up. So, inadvertently I bought her kids presents.
Post: What I Always Wanted
Link to comment from November 30, 2024
Dang... I checked line 11 of my last years 1040 and that figure is just barely, less than 1000 dollars over the second level of earnings for IRMAA calculations. So, I'll be 're-contributing' $124.20 more per month from the S.S. deposit in the next year. I sure hope it is put to good use!
Post: A Taxing Retirement
Link to comment from November 17, 2024
Sir Richard, Thank you. I was also a penny hoarder in my youth to an unhealthy extreme. That was the building phase and now, being in the distribution phase, I turned on all my retirement funds as annuities. I'm done with thinking about earning more and made the mindful transition to spending freely. That really IS freeing to the mind. I recently told a lady that having more money than needed enables one to be a blessing to others. She is in her mid 50s saying she can always make do with what she has. I'm sure by limiting her lifestyle. My comment was to show her another way to think. I enjoy your thoughts!
Post: Thrifty but Spending
Link to comment from November 9, 2024
I don't see where Richard says he pays cash so the recipient won't pay taxes on the income. I always over pay a restaurant bill in cash, and say 'keep the change'.
Post: Thrifty but Spending
Link to comment from November 9, 2024
Me too Dave! Mom would make the best Blue Berry pie! Of course it did have the best sugar! ha. I like BB in pankakes with walnuts or crushed pecans.... Yummm
Post: Health Is Wealth
Link to comment from October 27, 2024
Interesting! I also got the 'C' diagnose and had an expensive operation but only had a hospital fee to pay for something but it was less than $100. I have United Health Advantage and am very satisfied . . so far. I have an eye exam next month, I won't have to give them my cash at all. So, I wonder what is best but will keep what I have.
Post: Prefer the Original
Link to comment from October 27, 2024
Yes, thanks for bringing up the fact that when we are in production mode, it is better to make the most of it and delay gratification so that the later, prime time years are not stressed by money. However, letting young folks in on that secret is like giving a horse a pail of water when they aren't thirsty.
Post: Sticking With Stocks
Link to comment from October 12, 2024
Thank YOU Jonathan! Your observations are valuable to those folks experiencing the 'Good' retirement we like. I've followed many rules of wealth accumulation until they became habits. Many of which, my spouse couldn't follow and caused her to flee the family. Such is life. The two sons will have a trust to begin managing when I pass which will be a very good inheritance. My money is mine to spend. So, now in the twilight years spending the earned bounty is actually fun! The money gives great freedom and fosters spontaneity. When cost isn't a consideration, fun follows. It's breaking those old habits that has to be learned first.
Post: My Spending Rules
Link to comment from October 1, 2024