Can you run as fast today as you could 20 years ago? Probably not. We get slower the older we get. And it isn’t just our 40-yard dash time that declines. Our willingness to accept change and tolerate risk both decrease with age. There are always exceptions. But most folks are far more safety-conscious at […]
The Benefits of Slowing Down Read More »
I’m pretty sure National Lampoon’s 1985 movie “European Vacation” was based on my family’s 1972 trip to the same destination. Both were comedies. Back then, European borders and currencies were as numerous and confusing as a Byzantine map. To this day, I have no idea where we were when I tried to mail that postcard.
Buckets of Money for Retirement! Read More »
Don’t you “love” it when you forget to buy something at the grocery store? So often I get nine of the ten things I was supposed to buy, but there’s always that one item I don’t remember until I get home. “Seriously? You forgot the tomatoes? How am I supposed to make spaghetti sauce without
Checklist for 60-Somethings Read More »
At Christmas we focus on giving. The next day, we turn our attention to time. We review the year that’s ending and preview the year just ahead. So, how about some year-end (and year-beginning) reminders about giving and time? 1. You can give time to your money. What do I mean? We have this amazing
Christmas Thoughts on Giving, Money, and Time Read More »
In my financial planning practice, I meet with a lot of “Type A” entrepreneurs. Their number one question? “Couldn’t I be doing better with my money?” I always have to smile. These driven individuals are used to optimizing everything they touch—or at least trying to. If they have three rental properties today, they want to
What Airplanes Can Teach Us About Money Read More »
It was a 10k race, but at the 9k mark, I was gasping for air. My lungs were on fire. My legs were screaming at me to quit. Except that I had only one more hill to go. If I could climb it—honestly, it looked like Everest—I’d be close to the final turn where the
When the Finish Line Gets Moved Read More »
In my last column we looked at the difference between affluence and wealth. My simple definition of affluence is “your income relative to everyone else’s.” If you make $36,000, you qualify as an average Joe – you’re right in the middle of the income numbers for the rest of the country. However, someone making $36,000
6 Essentials for a Life of Wealth Read More »
“We’re gonna be rich!” Don bellowed as he beat his fist against the steering wheel. He drove a white Lincoln Continental with burgundy leather interior. It was longer than most living rooms and at that moment was lumbering down I-55 from St. Louis to Jackson, MS. The windows were down and his heart was full.
Who is Really Rich – the Affluent or the Wealthy? Read More »
“I wish I had all the money I’ve paid into Social Security. I’d be rich.” Over the years, I’ve had one or two (hundred) folks say something like that to me. Recently I got so curious, I decided to run the numbers. On myself. (By the way, did you know you can go to the
About that Money You’ve Been Paying Social Security Read More »
What exactly do you want out of retirement? (I ask because when it comes to this topic most folks focus mostly on tools—pensions, 401(k) plans, Social Security, etc. Only a few think about goals.) Many answer by saying they want be able to sleep till 10 or not have to dress up every day. I
Goldilocks and the Three Retirements Read More »
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