Quote for Today – 10.22.22

The once-sleepy little town has gone in the same direction. After the influx of peripheral hippies that I was part of came the yuppies, Gen Xers, millennials, and more recently hipsters with their big beards, flannel shirts, and skinny jeans; many of them are the kind that move to a town with dirt streets because they think it’s charming, and then complain about the dust.

John Gierach – Dumb Luck and the Kindness of Strangers

The Biggest Life Event That No One Talks About

Retirement is more than a transition in our relationship with money. It is a major shift in our sense of self. The work that has defined our lives for decades begins to fade from view. Everything about life is different after retirement, down to the minute details of the daily routine. I think it is important to ask yourself, who am I without my job, without my career? And more importantly, how will I spend my time? How will I spend my days, weeks, months, seasons, and years once the routine ends? These are vital questions for anyone contemplating retirement. For many, the allure of endless days on the beach or in the garden loses its luster quite fast. The risk of becoming bored is a real and unexpected risk that many retirees face.

https://blairbellecurve.com/the-biggest-life-event-that-no-one-talks-about/

The endless string of triple digit days has finally ended. I’m so thankful that it’s not Too Hot to Blog and the writing is free and effortless once again. I’m still thinking strategy because having A Plan is Not a Strategy – Update 08.03.22. Yet time and time again the question begs an answer. How will I spend my time in retirement?

As long as I continue working the question doesn’t require an answer.

I guess I’ll keep working.

The Myth of Retirement – 11.21.21

Rising prices inevitably impact the economy as consumers adjust their buying habits. https://www.visualcapitalist.com/u-s-inflation-which-categories-have-been-hit-the-hardest/

I think a lot of Americans who are preparing to retire now are going to have to rethink their plans. Because there’s no way the money that they’ve saved and the income streams that they anticipate receiving are going to be sufficient given the much higher cost of living that we’re going to be experiencing. And this is not just going to be a few percent a year. We’re talking double-digit increases in the cost of living for many, many years in a row.

Peter Schiff, chief global strategist of Euro Pacific Capital

A hedge against inflation in retirement is to keep working. My patented solution is twofold: Build a nest egg while working, and work for as long as possible, either doing what you’ve been doing, or doing something new and interesting and fun. Full-time is great, but even a part-time gig is great, and for all kinds of reasons, not just money, and even if you have plenty of money and don’t need to work.

Wolf Richter

Retirement math now is simple. If you can, work longer and save more.

The SupremeCmdr – The Myth of Retirement

Remember The Lobsterwoman!

A Moral Cesspool

From zero in 1993 to $1.728 trillion in 2021: this is the predatory financialization of higher education which has enriched lenders, Wall Street and the Higher Education Cartel

America Is a Moral Cesspool, and Student Loans Prove Ithttps://charleshughsmith.blogspot.com/2021/07/america-is-moral-cesspool-and-student.html

Way back in the Dark Ages I borrowed a total of $8000.00 and worked summers and during the school years to pay for my college education. It took me ten years of payments at $69.72 a month to pay the loan off. I promised myself no matter the hardship my own children would not borrow money for their undergraduate degrees (medical school different story). There were reasons why I drove a 2006 Ford Taurus for 15 effing years.

One of the joys of aging is you get to a point where you say what you want to say and the hell with everyone else. Charles Hugh Smith is one of us who possess critical thinking skills and will always tell it like it is. Check out his blog.

And this is a perfect time to remind all of my readers that the opinions expressed in this and my other blog are mine alone and do not represent the views of any corporate entity that I may or may not be involved with either in the present or past.

I should play more and work less. https://garyskitchen.net/2021/07/24/stress-reduction/ I’m starting to become more cynical than usual.

Meanwhile in Oklahoma – 2020 Halloween Ice Storm Cleanup

The sounds of chainsaws are buzzing in the neighborhood. A few days ago I promised some pictures. It has been a week from hell.

Our power at the house has remained on for two full days in a row. We were planning on cleanup work this weekend until our longtime yard services provider showed up. The Boss took a tour of the property with the crew leader who told us not to do anything and that they would take care of all debris, trim up the trees, and stack along the curb for city pickup. I don’t have to buy or borrow a chainsaw. That’s the good news. The bad news is I feel my checkbook getting lighter.

Meanwhile in Oklahoma – 10.28.20

Day Three. We heard from a neighbor the electricity came back online around 3:00 PM. The Boss and I spent the day in her business office working. I was impressed with her company’s new co-working office. The electricity was online, wireless internet was amazingly fast, free drinks, snacks and HOT COFFEE. We are back home now doing many things that require electricity because we’re not so sure how long the power will stay on.

It’s very messy outside and the clean up starts this weekend. I’ll be taking lots of pictures to capture what has been the worst ice storm I’ve ever experienced. Stay tuned.