tag:blogger.com,1999:blog-968059214758329257.post3313036872762364003..comments2024-03-26T17:55:50.539-04:00Comments on Cranky old man: INVESTMENT ADVICEjoehhttp://www.blogger.com/profile/08520161706680568508noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-968059214758329257.post-83872728175611037312015-01-06T14:22:26.764-05:002015-01-06T14:22:26.764-05:00I think you're right that most of the expert a...I think you're right that most of the expert advice isn't very practical for most of us to follow, at least not all of it at the same time. Living within your means seems to be good advice. Danielle L Zecherhttps://www.blogger.com/profile/01492742250595537348noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-89060444953612215282015-01-03T22:10:28.638-05:002015-01-03T22:10:28.638-05:00I don't know how people live these days. Worki...I don't know how people live these days. Working people who get no freebies. I can't imagine that they have enough left over to save.Valhttps://www.blogger.com/profile/13025832536749983018noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-91135561212135289332015-01-03T21:37:03.390-05:002015-01-03T21:37:03.390-05:00This reminds me of the goal of all financial plann...This reminds me of the goal of all financial planning, according to an investment adviser I once talked to: <i>You want to retire rich and die poor.</i>Pixel Peeperhttps://www.blogger.com/profile/17553862902461169270noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-12916975973150615722015-01-03T21:00:37.753-05:002015-01-03T21:00:37.753-05:00I'm not at all wealthy, being just below the p...I'm not at all wealthy, being just below the poverty line here in Aus. and I spent years living from one payday to the next, but always within my means, never using credit or going into debt. But I had no savings, no funds for any emergencies that might arise. Then I read a book which included a section on budgeting, which I was already good at, but it said when allocating funds for groceries, utilities, rent etc make one further allocation. ~Pay yourself~ Set aside as little as you like or as much as you can every payday. So I reworked my entire budget that year and set about "paying myself" $20 a week. That's $1000 a year and in the first year I was able to pay for my daughter's wedding photography. It's more difficult now that I'm not working, I still set aside "my" payment, but sometimes have to use some of it, which really just means a bit less to spend on Christmas, birthdays etc. And I'm still debt free.Riverhttps://www.blogger.com/profile/14794655013673748992noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-802745803759907072015-01-03T19:11:52.363-05:002015-01-03T19:11:52.363-05:00Nothing is guaranteed, so the best you can do is t...Nothing is guaranteed, so the best you can do is the best you can do. Make choices that feel right. I worked longer than I wanted to, and suffered some anguish over that (my boss was a dick), but now we are both retired and we can pay our bills, and it feels like it was worth it. Live within your means is the best advice ever. And "appreciate what you have" helps make that possible. Just a thought. Nancy/BLissed-Out Grandmahttps://www.blogger.com/profile/17223278142557533175noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-41975366543921411982015-01-03T19:09:36.987-05:002015-01-03T19:09:36.987-05:00I don't trust Wall Street, annuities, and all ...I don't trust Wall Street, annuities, and all the rest. I've chosen to follow the Jeff Foxworthy "Good 'ol Southern Boy" retirement investment plan: All my money is in "The Legends Of NASCAR Commemorative Plate Series". (Just be aware they are NOT dishwasher safe.) :)Lowandslowhttps://www.blogger.com/profile/08608734222483888884noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-39029580918639142502015-01-03T16:49:54.229-05:002015-01-03T16:49:54.229-05:00I jumped out of the work force at 62 and don't...I jumped out of the work force at 62 and don't regret one minute. Sure I could have enjoyed more disposable income today if I followed all of those rules--not yours, theirs-- but like you said, reaching an active old age is no guarantee. You nailed it.Arkansas Pattihttps://www.blogger.com/profile/14156004753267665579noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-85738921954914693062015-01-03T11:53:04.308-05:002015-01-03T11:53:04.308-05:00Yep, it's not that difficult to plan for ones ...Yep, it's not that difficult to plan for ones retirement. The debt can kill you and some folks just don't get that.<br /><br />Have a fabulous day Cranky. ☺Sandeehttps://www.blogger.com/profile/06785788498697004273noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-45414498676666712692015-01-03T11:51:19.116-05:002015-01-03T11:51:19.116-05:00I like all those points. Living within your means ...I like all those points. Living within your means is not so hard except for those medical bills.MunirGhiasuddinhttps://www.blogger.com/profile/05232362559666320301noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-25729520561425389642015-01-03T10:59:16.132-05:002015-01-03T10:59:16.132-05:00AGREE!! People who call just to radio dude tell th...AGREE!! People who call just to radio dude tell them how well they are doing. They remind me of the "Teacher's Pets" of my school days.joehhttps://www.blogger.com/profile/08520161706680568508noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-54280825594045250592015-01-03T10:38:28.979-05:002015-01-03T10:38:28.979-05:00I agree with all of this. Mrs. Chatterbox and I ar...I agree with all of this. Mrs. Chatterbox and I are doing our traveling now in case health issues later bench us. We're fortunate enough to own our own home; we've worked hard over the years but we've also had help along the way. Hopefully, one day we'll have grandchildren to help like we've been helped. I don't see how young people can achieve financial security in this economic climate on their own.stephen Hayeshttps://www.blogger.com/profile/17659054447637207734noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-87310488631687240672015-01-03T09:45:38.534-05:002015-01-03T09:45:38.534-05:00great post, cranky. all truth you speak. :)great post, cranky. all truth you speak. :)TexWisGirlhttps://www.blogger.com/profile/13641962051044162710noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-28782086762037820212015-01-03T09:09:00.075-05:002015-01-03T09:09:00.075-05:00Life is pretty much a scam. The amount of money mo...Life is pretty much a scam. The amount of money most of us have to discretionarily turn to wealth wealth is a pint of water over someone else's Niagara Falls.Joanne Noragonhttps://www.blogger.com/profile/09834682329952369721noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-65975370301375450022015-01-03T06:04:56.396-05:002015-01-03T06:04:56.396-05:00So so true - all of it - your advice I mean, not t...So so true - all of it - your advice I mean, not the standard advice. Those articles really frustrate me! Though I do also enjoy reading the letters where people ask for advice: "I am 35 and have paid off my home. I have an investment property and $50,000 in savings. I have just inherited $30,000, should I pay off the loan on my investment property or put the money into my wife's superannuation?" EFF OFF! :)Jackie Khttps://www.blogger.com/profile/06322613989851869319noreply@blogger.comtag:blogger.com,1999:blog-968059214758329257.post-17180570338345205572015-01-03T05:51:58.535-05:002015-01-03T05:51:58.535-05:00Excellent advice. All of it is true. Most people...Excellent advice. All of it is true. Most people do not retire wealthy unless they are already wealthy. What you hope to do is retire with a reasonable income to pay all major expenses with just a little left over for dreaming. Also the definition of wealthy is pretty broad here. There are a lot of intangibles that make one wealthy.Taborhttps://www.blogger.com/profile/15257045780724471840noreply@blogger.com