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Comments:
I guess you could use some of the proceeds from your condo sale to Uber back to your old neighborhood and spend a few nights in a hotel there. I second guess myself a lot too. Then I think about comparing my life to my grandfather's life and the difference would totally amaze him (he died in 1956 at the age of 65 from something that would not have killed him today). He thought he saw a lot of changes in his life but if he had seen from 1956 to today, he would have been blown away. Which gets me to hindsight, second guessing, etc. Any second guessing disappears after the above reflection. I made mistakes but nothing the crippled my plan. I think I watch too much American Greed and after every episode I think, "Well, at least I missed that bullet." Things for me could maybe be a little better but it's not terribly bad and I'll take that.
Post: Second Guessing
Link to comment from November 2, 2024
I listened to a speech about longevity and the speaker made the comment that the human life span might be increased to 120 years which means you could technically be married to the same person for 100 years. He didn't mention retirement planning. After my first corporate buyout my mindset changed. Not to FIRE or ICE, but CYA. I realized I could be fired at any point, and I designed my financial plan that way. The firing never happened but I was ready, which actually helped my retirement planning quite a bit. A phased retirement might appeal to many people but a few of us were ready to go. I stay busy every day, just not in a remunerative way. It's a very enjoyable way to live for me.
Post: Before You Quit
Link to comment from October 26, 2024
In addition to teaching kids financial planning, it would be very helpful to have a class on advertising, and how to analyze it. I've built up some resistance over the years but am still susceptible. Scantily clad women are my downfall, but I digress... My point actually references The Millionaire Next Door by Thomas J. Stanley and William D. Danko. This comment, "Great offense and poor defense translate into under accumulation of wealth" from the book really struck me. Playing poor offense would be falling for all the advertiser's promotional material. I do my best to "Mr. Magoo it" (be totally oblivious) but it probably affects me more than I know.
Post: Advertisements, Commercials, etc.
Link to comment from October 21, 2024