Kiplinger Quotes

The Wall Street Journal recently pointed out, “The reason people get stuck is almost always an emotional reason…and they can get stuck for years…but the consequences are financial.” And similarly, Kiplinger’s reported, “Financial planners are increasingly finding themselves playing the role of psychologist as well as financial counselor.

You are the only one I can trust about this," Ash said. Which was maybe just another version of what Cathy Kiplinger had said to Jules: you are weak.

Crema Seamans," Ethan repeated thoughtfully. "It's like a soup made from ... various semens. A medley of semens. It's a flavour of Campbell's soup that got discontinued immediately." "Stop it, Ethan, you're being totally graphic," said Cathy Kiplinger. "Well, he is a graphic artist," said Goodman.

The Bradford Exchange—a knockoff of [Joseph] Segel’s [Franklin Mint] business—created a murky secondary market for its collector plates, complete with advertisements featuring its “brokers” hovering over computers, tracking plate prices. To underscore the idea of these mass-produced tchotchkes as upmarket, sophisticated investments, the company deployed some of its most aggressive ads (which later led to lawsuits) in magazines like Kiplinger’s Personal Finance and Architectural Digest. A 1986 sales pitch offered “The Sound of Music,” the first plate in a new series from the Edwin M. Knowles China Company, at a price of $19.50. Yet the ad copy didn’t emphasize the plate itself. Rather, bold type introduced two so-called facts: “Fact: ‘Scarlett,’ the 1976 first issue in Edwin M. Knowles’ landmark series of collector’s plates inspired by the classic film Gone With the Wind, cost $21.60 when it was issued. It recently traded at $245.00—an increase of 1,040% in just seven years.” And “Fact: ‘The Sound of Music,’ the first issue in Knowles’ The Sound of Music series, inspired by the classic film of the same name, is now available for $19.50.” Later the ad advised that “it’s likely to increase in value.” Currently, those plates can be had on eBay for less than $5 each. In 1993 U.S. direct mail sales of collectibles totaled $1.7 billion

I know nobody’s going to take care of me. I have to make sure that I’ve got things in place. Who will speak for me when I can’t speak for myself? One sister has her own grief. The other I simply do not trust. I’ve thought about bribing my nieces and nephews, who are in my will. Let’s not kid ourselves. Making plans that assure our elder years are managed to our liking and fit within our budget is more crucial for those without children. We know we can’t count on offspring to oversee our dotage. There’s even a name for what we may someday become—elder orphans. “Aging seniors face all sorts of uncertainties,” writes Susan B. Garland in Kiplinger’s Retirement Report. “But older childless singles and couples are missing the fallback that many other seniors take for granted: adult children who can monitor an aging parent and help navigate a complex system of health care, housing, transportation, and social services.” Perhaps we can push planning aside for a while, but then our care may fall to an inattentive relative, acquaintance, or potentially nefarious do-gooder to make decisions for us when we can’t make them ourselves. If we’re really in a jam, some judge will appoint someone to manage our affairs. No one wants to face the fact, but none of us is getting out of here alive. Some steer clear of making plans, procrastinate, or remain in denial that their day will come. Even partial planning risks chaotic consequences. -—-—-—

I have names for Mankiw’s approach, grabbing whatever you need without attribution. Sometimes I call it "take what you wish," and sometimes I call it "Kiplingism." And when I call it Kiplingism, I'm reminding you of Kipling's stanza of poetry', which went something like this: "When Homer smote his blooming lyre, he'd heard men sing by land and sea, and what he thought he might require, he went and took, the same as me.