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Comments:
re #4 sometimes spending on your home can be a good investment. Hopefully the house is worth more because of it. That is a good feeling in the long run
Post: My Spending Rules
Link to comment from September 28, 2024
I only learned of Jonathan through a recent article in the NYT . I wish I had known of him earlier! I am also 68, having moved to the US from Ireland in 1978, and have been lucky in that both my and my wife's careers were successful, to the extent that even though she is now in home hospice I can cover the considerable expenses. Due to her situation, and the fact that she was the finance wiz, I have had a sort of parallel path to Jonathan's, but far less stressful: simplifying accounts, explaining to the two children the various accounts, and preparing everything for the inevitable. Apart from the nature/nurture/etc luck that we have had, I also point to the fact that we were the first generation to ride the 401(k) / IRA wave that began in the '80s, around the start of our careers. We rode the wave, maxing contributions, never buying a new car, frugal but enjoying life (Europe every summer). On a side note, after learning about Jonathan I did some research - he lived in Metuchen NJ, not far from me. He (or someone with his name) competed in a 5k there some 20+ years ago, with an impressive time of sub 7 minute miles! I might have been in a 5k with him somewhere in central NJ but was certainly not in his league. I still do races, but sub 10 minute/mile is my goal now.
Post: Feeling Lucky by Jonathan Clements
Link to comment from July 27, 2024