King Richard! Yes, if people don't get any knowledge from home, they have to learn from ...out there and who knows what kind of wacky ideas they latch on to.
It seems the most ill financial savvy folks are the most boisterous.
I decided to pay my dues and work long and hard. I retired at 69.5 and took SS at 70.
I developed 5 retirement incomes over 53 years of work and man, it pays off. The monthly net deposits from in the bank accounts is $10,560 and that's money that will not stop anytime. That's way more than I made while working. And yes, a fellow once asked me, "how much would you have to have invested, to get that amount every month?" That's a LARGE amount of paper wealth. I'll take it! Delayed gratification does work. Someone who wants to do it all NOW, as the insert says, will have a big chance of not doing it at all.
Tom, good for your daughter! Securing your housing I think is the start of financial freedom. Think, if one paid for home is good, isn't two better? How about three or four? I know a couple from church who lament that there's 4 months left in their retirement account. She will be looking for a job to make at least $1400 a month...to pay rent! He says he has a bachelors degree. "That and $4.75 will get a coffee at Starbucks"
They are in their middle 70's.
I say, "Do the correct things when you are young, so you can do the correct things when you are old"
Hello Edmund,
I know delayed gratification works. One of the good things I did is not take SS until 70 and I have their notification letter about not gaining any more from waiting longer framed on the wall.
For me, a great decision as I chose to not worry about breaking even in that regard, but to max my retirement income for a more care free one. I've done the same for all my incomes and now have time, and the money to enjoy!
Thanks Ed,
Yes, talking with your partner in life is a worthwhile endeavor. A pastor made the point to the congregation that when two people, or a family focus on a project, he gave the example of going camping, it serves to bring closeness to the people.
Now, having alignment to the same goals in the adventure has to be possible though. Good Work!
Thanks Ed.
My yoga teacher is concentrating on our lower legs and ankles to stop falls, hopefully. You might tell your patients... "Information with out action is futile, but, action with out information is fatal"
I try to tell my sons to 'do the right things when you are young, so you can do the right things when you are old'. Teaching money skills, helps folk be on the upward side of the 'K' IF they practice the information in their daily lives.
Comments
Government shut down??? What??? To me, these increasingly frequent events are a danger signal. There's a lot wrong going on there!
Post: Inflation and Innovation
Link to comment from May 25, 2026
King Richard! Yes, if people don't get any knowledge from home, they have to learn from ...out there and who knows what kind of wacky ideas they latch on to. It seems the most ill financial savvy folks are the most boisterous.
Post: Retirement Accounts
Link to comment from May 16, 2026
I decided to pay my dues and work long and hard. I retired at 69.5 and took SS at 70. I developed 5 retirement incomes over 53 years of work and man, it pays off. The monthly net deposits from in the bank accounts is $10,560 and that's money that will not stop anytime. That's way more than I made while working. And yes, a fellow once asked me, "how much would you have to have invested, to get that amount every month?" That's a LARGE amount of paper wealth. I'll take it! Delayed gratification does work. Someone who wants to do it all NOW, as the insert says, will have a big chance of not doing it at all.
Post: Retirement Accounts
Link to comment from May 16, 2026
Tom, good for your daughter! Securing your housing I think is the start of financial freedom. Think, if one paid for home is good, isn't two better? How about three or four? I know a couple from church who lament that there's 4 months left in their retirement account. She will be looking for a job to make at least $1400 a month...to pay rent! He says he has a bachelors degree. "That and $4.75 will get a coffee at Starbucks" They are in their middle 70's. I say, "Do the correct things when you are young, so you can do the correct things when you are old"
Post: Resilient Investing
Link to comment from May 16, 2026
I have plenty of excess dollars so don't care about 'investments' anymore. Much less stress now. . .
Post: Slow on the Draw
Link to comment from May 9, 2026
Hello Edmund, I know delayed gratification works. One of the good things I did is not take SS until 70 and I have their notification letter about not gaining any more from waiting longer framed on the wall. For me, a great decision as I chose to not worry about breaking even in that regard, but to max my retirement income for a more care free one. I've done the same for all my incomes and now have time, and the money to enjoy!
Post: Slow on the Draw
Link to comment from May 9, 2026
Thanks Ed, Yes, talking with your partner in life is a worthwhile endeavor. A pastor made the point to the congregation that when two people, or a family focus on a project, he gave the example of going camping, it serves to bring closeness to the people. Now, having alignment to the same goals in the adventure has to be possible though. Good Work!
Post: A Bit More Humble
Link to comment from April 18, 2026
Joining a class does get me to do the right stuff. The extra folk doing that with me is always good. ;-)
Post: Frugal Fitness
Link to comment from March 14, 2026
Thanks Ed. My yoga teacher is concentrating on our lower legs and ankles to stop falls, hopefully. You might tell your patients... "Information with out action is futile, but, action with out information is fatal"
Post: Frugal Fitness
Link to comment from March 14, 2026
I try to tell my sons to 'do the right things when you are young, so you can do the right things when you are old'. Teaching money skills, helps folk be on the upward side of the 'K' IF they practice the information in their daily lives.
Post: Economic Trends
Link to comment from March 14, 2026