The takeaway: We just might outlive our money if we don’t *truly* grasp the power of compound interest and ignore the money habits of our peers. Here’s how a single purchase morphed into real money. $$$ I knew what the price tag said, but not what the thing would really cost. Because price never tells … [Read more…]
The takeaway: When they first hit millionaire status, the median household income of millionaires was $89,167. Their household income is less important than the habits these millionaires built to create financial independence. Here are the habits, and how failure to follow them, resulted in the complete derailment of one famous attorney’s retirement. $$$ This post … [Read more…]
The takeaway: There are four ways we Boomers ruin our retirement lives. The only time we really hear about these four ways is when a pro athlete makes the news for squandering millions and being broke. Bulletin: We Boomers are just as capable of squandering our lifetime earnings and ruining our retirement lives. Avoid these … [Read more…]
When I started my career, I had to share an office with Paul.  Trust me, Boomer.  In a million years, I’d have never thought Paul would be a role model for the purpose-filled retirement.  Whenever I’d ask, it was clear Paul hadn’t a clue what he’d do when he retired. When the big day arrived, we gave … [Read more…]
“If I’d met Nancy instead of Karen 30 years ago, I wouldn’t be divorced.  And I’d definitely have more money.” “Why?” I asked. “Because Nancy and I work as a team. We want to invest in our future. Karen just wanted to spend our money. The more we made, the more she spent. She always … [Read more…]