THE SECRET TO A GOOD RETIREMENT: WHAT NO ONE WILL TELL YOU, PART 2

January 22, 2015 at 6:28 pm Leave a comment

I’m here to tell you, what I think, is there a secret to the good retirement. But if you’re an old flatulence (trying to keep it clean) or approaching old flatulence age, it’s already too late. The secret, of course, is to start saving early. But there’s more to it than that, much more. Lifestyle is a big factor, what you expect from life and what you have experienced is a big factor. I’ve been lucky, in that the situations in my life formed an individual primed to save and not expect much, not need much. Let me explain.

Those familiar with my blog have probably read some of my memoir pieces. Born and raised in Newark, N.J., my family was poor. By the time I began college, we had always lived in the same cold-water flat. Six of us in two bedrooms. The experience was less than pleasant, but little did I realize it primed me for the future. Extravagance has no place in my existence, never has, never will.

What follows are some truths I have learned. Truths the retirement hucksters will not dare tell you. How will they make their money for their retirement? When you reach that certain age, and if you’ve not been diligent with your career and finances, anyone painting a rosy picture of what life could be like is just reaching into your pocket. .

I feel that preparing for retirement is not something you suddenly do when you’re ready to retire, or nearing that point. It’s a lifestyle you establish while you’re young and stick too. Perhaps not so much a lifestyle you establish, rather one that happens upon you.

But there is a way to prepare, depending on your age, not so much for you but for your offspring. Teach your kids well. If you talk on the phone while driving, and demand that they don’t because it is dangerous, no matter what they say, they will talk on the cellphone while driving. Our children learn by example. And whose example, yours.

If you max-out your credit cards and buy whatever you want, and then turn around and tell your kids to spend responsibly, what do you think they will do? It is the future generation we have to teach by example, not by words.

Here are my three simple rules to a secure retirement. You will not like them, even if you are young. Most of the young will not listen, it’s the immortal and all-knowing thing, but here they are… to be continued

Entry filed under: OBSERVATIONS & OPINIONS, RANTS & RAVES. Tags: .

THE SECRET TO A GOOD RETIREMENT: WHAT NO ONE WILL TELL YOU , PART 1 THE SECRET TO A GOOD RETIREMENT: WHAT NO ONE WILL TELL YOU, PART 3

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