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Sal Collora

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    • Be content with what you have. It's not a matter of envy, it's a matter of living second-hand through the lens of a comparison of anything you do/have with others. Just be happy and content with your own success.

      Post: Quinns visit to Mar-a-Lago

      Link to comment from February 14, 2025

    • I would be OK with giving up all my SS benefits if I could stop paying into the system right now. I'm 52. Both my kids have brokerage accounts and save and invest every month. I am sure they would opt for the same thing. A simple compounding investment in SPY will beat anything the government can possibly do over a 40 year time horizon. Even a simple investment in basic blue chips with dividend re-investment enabled will do the trick. It's not complicated if you start early.

      Post: They’re Right, I’m Wrong, Sort Of

      Link to comment from February 2, 2025

    • Wow, what a difference between two people. I'm 52, not 74, but still.

      1. I intend to take SS at 62 - I can invest the money better than the government and a bird in the hand is worth two in the bush. Your friend's experience is EXACTLY the reason.
      2. I have a high FICO score but couldn't care less about it. I put everything on my credit card and never get loans or sign up for any financing of any kind. I have an SBLOC for anything large that might come up in an emergency.
      3. I stopped tracking my blood pressure completely after being told over and over it was high. I had what I thought was a "heart thing" that turned out to be a nothing burger. The doctor looked at me and said, "95% of people take blood pressure incorrectly. You walk 5 miles a day without chest pain. You're good. Lose 10 pounds and your blood pressure will be perfect." I've found it's MORE stress to keep looking at your blood pressure.
      The walking thing is pretty important, but the whole tracking thing is more for fun. You know when you're walking enough, and know when it's too much. Just listen to your body. It's cool to see how people see money and retirement. I am pretty close.

      Post: What I Watch

      Link to comment from January 24, 2025

    • Wealthy is the ability to have time to spend doing things that make you happy. That's basically it.

      Post: Are you wealthy or just rich? By Dick Quinn

      Link to comment from December 17, 2024

    • Dick, I remember reading in your last post that you pay $2K a month for all the different health insurance you have. That's pretty crazy, because I am self insured, and pay less than that for three people. I have a high deductible plan with relatively high co-pays. I'm 51, and many of my older friends keep telling me that there's gold at age 65 where I can save all this money. :)

      Post: Quinn’s last rant for 2024. Misinformation is frustrating. No, your wife is not a car!

      Link to comment from December 16, 2024

    • Leaving NYC for LA at 18 with 1,400 bucks and building a robust life that includes a wife and two grown children. It can be done.

      Post: What do you consider your greatest financial achievement?

      Link to comment from June 23, 2024

    • Richard, It's probably a good idea to think about what you've written from the point of view of choices and values. It's important for prospective parents to think about what they value more and value most. When you bring a child into this world, you do it intentionally by your own affirmative choice. No one makes you do it. No one puts a gun to your head and says, "You must have children." The key is to understand that spending time with your child is the best way to have the most influence on who that child will be. Many expecting parents rely on family to help take care of the child That works well if your values align and the grandparents (or other family) have the time to dedicate to the most important job in the world. We decided from the very beginning that altough my wife was very successful and climbing the ladder, that she would raise our children the way it had been done for thousands of years and had a proven track record. We knew it meant that we had to make tough choices about how to spend and save our money. It meant eating at home, getting a minivan, no vacations for a while, and many such tradeoffs. We had a high degree of confidence that it would pay off in the future, and it sure has. I would say that even in the era of high housing costs, it's important to understand that you can always rent. You don't need a big house, you just need safe shelter in a safe area. When our kids were very young, we moved from Southern California to Washington State because our money went further and there was no state income tax. It's just an example. You have to be smart and make choices that make the tradeoffs more palatable. In any case, every situaiton is different, but in my experience and that of people I know, it's generally the case that people try to "have it all" and you simply can't do that in life. Something always has to give. If you take these decisions as a choice about what's the most important, everything drops away, and the choice becomes clear. If your career is deemed more important than raising your children yourself, then the results will align with that. Just be careful, as a career is relatively short, those kids are forever. Thanks for sharing your thoughts and putting yourself out there. Cheers.

      Post: Two Paychecks Needed

      Link to comment from October 16, 2023

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