Retirement Card Quotes

I’M LOSING FAITH IN MY FAVORITE COUNTRY Throughout my life, the United States has been my favorite country, save and except for Canada, where I was born, raised, educated, and still live for six months each year. As a child growing up in Waterloo, Ontario, Canada, I aggressively bought and saved baseball cards of American and National League players, spent hours watching snowy images of American baseball and football games on black and white television and longed for the day when I could travel to that great country. Every Saturday afternoon, me and the boys would pay twelve cents to go the show and watch U.S. made movies, and particularly, the Superman serial. Then I got my chance. My father, who worked for B.F. Goodrich, took my brother and me to watch the Cleveland Indians play baseball in the Mistake on the Lake in Cleveland. At last I had made it to the big time. I thought it was an amazing stadium and it was certainly not a mistake. Amazingly, the Americans thought we were Americans. I loved the United States, and everything about the country: its people, its movies, its comic books, its sports, and a great deal more. The country was alive and growing. No, exploding. It was the golden age of life, liberty, and the pursuit of happiness. The American dream was alive and well, but demanded hard work, honesty, and frugality. Everyone understood that. Even the politicians. Then everything changed. Partly because of its proximity to the United States and a shared heritage, Canadians also aspired to what was commonly referred to as the American dream. I fall neatly into that category. For as long as I can remember I wanted a better life, but because I was born with a cardboard spoon in my mouth, and wasn’t a member of the golden gene club, I knew I would have to make it the old fashioned way: work hard and save. After university graduation I spent the first half of my career working for the two largest oil companies in the world: Exxon and Royal Dutch Shell. The second half was spent with one of the smallest oil companies in the world: my own. Then I sold my company and retired into obscurity. In my case obscurity was spending summers in our cottage on Lake Rosseau in Muskoka, Ontario, and winters in our home in Port St. Lucie, Florida. My wife, Ann, and I, (and our three sons when they can find the time), have been enjoying that “obscurity” for a long time. During that long time we have been fortunate to meet and befriend a large number of Americans, many from Tom Brokaw’s “Greatest Generation.” One was a military policeman in Tokyo in 1945. After a very successful business carer in the U.S. he’s retired and living the dream. Another American friend, also a member of the “Greatest Generation”, survived The Battle of the Bulge and lived to drink Hitler’s booze at Berchtesgaden in 1945. He too is happily retired and living the dream. Both of these individuals got to where they are by working hard, saving, and living within their means. Both also remember when their Federal Government did the same thing. One of my younger American friends recently sent me a You Tube video, featuring an impassioned speech by Marco Rubio, Republican senator from Florida. In the speech, Rubio blasts the spending habits of his Federal Government and deeply laments his country’s future. He is outraged that the U.S. Government spends three hundred billion dollars, each and every month. He is even more outraged that one hundred and twenty billion of that three hundred billion dollars is borrowed. In other words, Rubio states that for every dollar the U.S. Government spends, forty cents is borrowed. I don’t blame him for being upset. If I had run my business using that arithmetic, I would be in the soup kitchens. If individual American families had applied that arithmetic to their finances, none of them would be in a position to pay a thin dime of taxes.

...I do not function too well on emotional motivations. I am wary of them. And I am wary of a lot of other things, such as plastic credit cards, payroll deductions, insurance programs, retirement benefits, savings accounts, Green Stamps, time clocks, newspapers, mortgages, sermons, miracle fabrics, deodorants, check lists, time payments, political parties, lending libraries, television, actresses, junior chambers of commerce, pageants, progress, and manifest destiny.

Freeze or reheat. Thinking of you. I still don’t know who it’s from. Many of the condolence cards that arrived after my parents’ deaths came with stories of the cars they’d sold over the years. Keys handed to over-confident teens and over-anxious parents. Two-seater sports cars traded for family-friendly estates. Cars to celebrate promotions, big birthdays, retirements. My parents played a part in many different stories.

In the nineteenth century there was no such thing as “retirement,

And this title, retired Major Ryland, gives you authority over my MasterCard?

At the ratings agency Standard & Poor’s, where they’ve knowingly mispriced risk, one guy messages another: ‘Let’s hope we are all wealthy and retired by the time this house of cards falters,’ adding the emoticon ‘:O)’.

Or on retiring to Prunesquallors' he might take down one of the Doctor's many books and read, for these days a passion to accumulate knowledge of any and every kind consumed him; but only as a means to an end. He must know all things, for only so might he have, when situations arose in the future, a full pack of cards to play from. He imagined himself occasions when the conversation of one from who he foresaw advancement might turn to astronomy, metaphysics, history, chemistry, or literature, and he realized that to be able to drop into the argument a lucid and exact thought, an opinion based on what might *appear* to be a life-time study, would instantaneously gain more for him than waiting until the conversation turned upon what lay within his scope of experience.

The Unknown Citizen by W. H. Auden (To JS/07 M 378 This Marble Monument Is Erected by the State) He was found by the Bureau of Statistics to be One against whom there was no official complaint, And all the reports on his conduct agree That, in the modern sense of an old-fashioned word, he was a saint, For in everything he did he served the Greater Community. Except for the War till the day he retired He worked in a factory and never got fired, But satisfied his employers, Fudge Motors Inc. Yet he wasn't a scab or odd in his views, For his Union reports that he paid his dues, (Our report on his Union shows it was sound) And our Social Psychology workers found That he was popular with his mates and liked a drink. The Press are convinced that he bought a paper every day And that his reactions to advertisements were normal in every way. Policies taken out in his name prove that he was fully insured, And his Health-card shows he was once in hospital but left it cured. Both Producers Research and High-Grade Living declare He was fully sensible to the advantages of the Instalment Plan And had everything necessary to the Modern Man, A phonograph, a radio, a car and a frigidaire. Our researchers into Public Opinion are content That he held the proper opinions for the time of year; When there was peace, he was for peace: when there was war, he went. He was married and added five children to the population, Which our Eugenist says was the right number for a parent of his generation. And our teachers report that he never interfered with their education. Was he free? Was he happy? The question is absurd: Had anything been wrong, we should certainly have heard.

Anti-voting lawmakers perhaps weren’t intending to make it harder for married white women to vote, but that’s exactly what they did by requiring an exact name match across all forms of identification in many states in recent years. Birth certificates list people’s original surnames, but if they change their names upon marriage, their more recent forms of ID usually show their married names. Sandra Watts is a married white judge in the state of Texas who was forced to use a provisional ballot in 2013 under the state’s voter ID law. She was outraged at the imposition: “Why would I want to vote provisional ballot when I’ve been voting regular ballot for the last forty-nine years?” Like many women, she included her maiden name as her middle name when she took her husband’s last name—and that’s what her driver’s license showed. But on the voter rolls, her middle name was the one her parents gave her at birth, which she no longer used. And like that, she lost her vote—all because of a law intended to suppress people like Judge Watts’s fellow Texan Anthony Settles, a Black septuagenarian and retired engineer. Anthony Settles was in possession of his Social Security card, an expired Texas identification card, and his old University of Houston student ID, but he couldn’t get a new photo ID to vote in 2016 because his mother had changed his name when she remarried in 1964. Several lawyers tried to help him track down the name-change certificate in courthouses, to no avail; his only recourse was to go to court for a new one, at a cost of $250. Elderly, rural, and low-income voters are more likely not to have birth certificates or to have documents containing clerical errors. Hargie Randell, a legally blind Black Texan who couldn’t drive but who had a current voter registration card used before the new Texas law, had to arrange for people to drive him to the Department of Public Safety office three times, and once to the county clerk’s office an hour away, only to end up with a birth certificate that spelled his name wrong by one letter.

Men as Friends" I have a few which is news to me Tom drops by in the mornings with his travel mug my mother would call it a coffee klatch we review our terrible histories with fathers and talk about the father he’s become and how much it will cost to replace gutters the ice brought down and then there’s soft-spoken Harvey with whom I enjoy long pauses in conversation about how they raised the Nelson town hall and put a foundation underneath during which we both look at Mt. Monadnock and then down at the ground and then back at each other silence precipitating the pretty weather we share before he goes inside for lunch when I had to pack up my office Tom boxed and loaded books into my car I didn’t think he’d want to but his idea of friendship includes carrying heavy things at the dog park the retired Marine with the schnauzer asked do you have a husband I replied I don’t care for men in that way as a Marine James mostly played cards on a supply ship now he mostly hunts and fishes climbs his orchard ladder for my Cortlands and in trout season leaves, in my fridge, two rainbows

The average household income in America is right around $50,000 per year, according to the Census Bureau. Joe and Suzy Average would invest $7,500 (15 percent) per year or $625 per month. If you make $50,000 per year and have no payments except the house mortgage and live on a budget, can you invest $625 per month? Follow me here. If Joe and Suzy invest $625 per month with no match into Roth IRAs from age thirty to age seventy, they will have $7,588,545 tax-FREE! That is almost $8 million. What if I’m half-wrong? What if you end up with only $4 million? What if I’m six times wrong? Sure beats the 97 out of 100 sixty-five-year-olds who can’t write a check for $600! I would submit to you that Joe and Suzy are well below average. Why? In our example they started at the average household income in America, and in forty years of work never got a raise. They saved 15 percent of income and never increased it by one dollar. There is no excuse to retire without financial dignity in the United States today. Most of you will have well over $2 million pass through your hands in your working lifetime, so do something about catching some of that money. Gayle asked me one day if it was too late for her to start saving. Gayle wasn’t twenty-seven like Joe and Suzy. She was fifty-seven years old, but with her attitude you would have thought this lady was 107. Harold Fisher had a much better outlook at age one hundred than Gayle did at age fifty-seven. Life had dealt her some blows and had knocked most of the hope out of her. A Total Money Makeover is not a magic show. You start where you are, and you do the steps. These steps work if you are twenty-seven or fifty-seven, and they don’t change. Gayle might be starting the retirement investing step at sixty that Joe and Suzy start at thirty years old. Gayle was unwise to enter her sixties without an emergency fund and with credit-card debt and a car payment. She, like all of us, couldn’t save when she has debt and no umbrella for when it rains. Would it have been better for Gayle to start when she was twenty-seven or even forty-seven? Obviously. But once she was done with the pity party, she still needed to start with Baby Step One and follow The Total Money Makeover step-by-step to put herself in the best position possible.

They seemed so right together-both of them sophisticated, dark-haired, and striking; no doubt they had much in common, she thought a little dismally as she picked up her knife and fork and went to work on her lobster. Beside her, Lord Howard leaned close and teased, “It’s dead, you know.” Elizabeth glanced blankly at him, and he nodded to the lobster she was still sawing needlessly upon. “It’s dead,” he repeated. “There’s no need to try to kill it twice.” Mortified, Elizabeth smiled and sighed and thereafter made an all-out effort to ingratiate herself with the rest of the party at their table. As Lord Howard had forewarned the gentlemen, who by now had all seen or heard about her escapade in the card room, were noticeably cooler, and so Elizabeth tried ever harder to be her most engaging self. It was only the second time in her life she’d actually used the feminine wiles she was born with-the first time being her first encounter with Ian Thornton in the garden-and she was a little amazed by her easy success. One by one the men at the table unbent enough to talk and laugh with her. During that long, trying hour Elizabeth repeatedly had the strange feeling that Ian was watching her, and toward the end, when she could endure it no longer, she did glance at the place where he was seated. His narrowed amber eyes were leveled on her face, and Elizabeth couldn’t tell whether he disapproved of this flirtatious side of her or whether he was puzzled by it. “Would you permit me to offer to stand in for my cousin tomorrow,” Lord Howard said as the endless meal came to an end and the guests began to arise, “and escort you to the village?” It was the moment of reckoning, the moment when Elizabeth had to decide whether she was going to meet Ian at the cottage or not. Actually, there was no real decision to make, and she knew it. With a bright, artificial smile Elizabeth said, “Thank you.” “We’re to leave at half past ten, and I understand there are to be the usual entertainments-sopping and a late luncheon at the local inn, followed by a ride to enjoy the various prospects of the local countryside.” It sounded horribly dull to Elizabeth at that moment. “It sounds lovely,” she exclaimed with such fervor that Lord Howard shot her a startled look. “Are you feeling well?” he asked, his worried gaze taking in her flushed cheeks and overbright eyes. “I’ve never felt better,” she said, her mind on getting away-upstairs to the sanity and quiet of her bedchamber. “And now, if you’ll excuse me, I have the headache and should like to retire,” she said, leaving behind her a baffled Lord Howard. She was partway up the stairs before it dawned on her what she’d actually said. She stopped in midstep, then gave her head a shake and slowly continued on. She didn’t particularly care what Lord Howard-her fiance’s own cousin-thought. And she was too miserable to stop and consider how very odd that was.

Give us an idea of…” Noya Baram rubs her temples. “Oh, well.” Augie begins to stroll around again. “The examples are limitless. Small examples: elevators stop working. Grocery-store scanners. Train and bus passes. Televisions. Phones. Radios. Traffic lights. Credit-card scanners. Home alarm systems. Laptop computers will lose all their software, all files, everything erased. Your computer will be nothing but a keyboard and a blank screen. “Electricity would be severely compromised. Which means refrigerators. In some cases, heat. Water—well, we have already seen the effect on water-purification plants. Clean water in America will quickly become a scarcity. “That means health problems on a massive scale. Who will care for the sick? Hospitals? Will they have the necessary resources to treat you? Surgical operations these days are highly computerized. And they will not have access to any of your prior medical records online. “For that matter, will they treat you at all? Do you have health insurance? Says who? A card in your pocket? They won’t be able to look you up and confirm it. Nor will they be able to seek reimbursement from the insurer. And even if they could get in contact with the insurance company, the insurance company won’t know whether you’re its customer. Does it have handwritten lists of its policyholders? No. It’s all on computers. Computers that have been erased. Will the hospitals work for free? “No websites, of course. No e-commerce. Conveyor belts. Sophisticated machinery inside manufacturing plants. Payroll records. “Planes will be grounded. Even trains may not operate in most places. Cars, at least any built since, oh, 2010 or so, will be affected. “Legal records. Welfare records. Law enforcement databases. The ability of local police to identify criminals, to coordinate with other states and the federal government through databases—no more. “Bank records. You think you have ten thousand dollars in your savings account? Fifty thousand dollars in a retirement account? You think you have a pension that allows you to receive a fixed payment every month?” He shakes his head. “Not if computer files and their backups are erased. Do banks have a large wad of cash, wrapped in a rubber band with your name on it, sitting in a vault somewhere? Of course not. It’s all data.” “Mother of God,” says Chancellor Richter, wiping his face with a handkerchief.

The widower was so full of questions that I half expected him to ask for an identity card. The only thing I carry in my wallet is my driver's license. I should have something with my picture on it and a statement below that tells who I am. Megumi Naomi Nakane. Born June 18, 1936, Vancouver, British Columbia. Marital status: Old maid. Health: Fine, I suppose. Occupation: School teacher. I'm bored to death with teaching and ready to retire. What else would anyone want to know? Personality: Tense. Is that past or present tense? It's perpetual tense. I have the social graces of a common housefly. That's self-denigrating, isn't it.

the French fries were fantastic, they weren’t enough, not even close, to forget about the man she couldn’t have. The problem was she didn’t have any room in her life for him, and if she let him linger any more in her heart, she’d surely lose the game tonight. Tonight was for winning. CHAPTER TWO The venture capitalist with the laughing tell was back, and he spent most of the game staring at Julia. But Hunter must have gotten a tip to strike that laugh from his repertoire because the first time he chuckled Julia went all in, and lost a cool grand. He’d really had three kings. No bluffing. He’d likely snagged himself a poker tutor, some former pro player who now trained eager wannabe card sharks in the ways of the game, or a grizzled old veteran needing to earn a dime or two after he’d retired. She’d seen it before among the hotshots. A pivot here, a change-up there–all

Kim was twenty-three, single, on her own, and at a job making $27,000 per year. She had recently started her Total Money Makeover. She was behind on credit cards, not on a budget, and barely making her rent because her spending was out of control. She let her car insurance drop because she “couldn’t afford it.” She did her first budget and two days later was in a car wreck. Since it wasn’t bad, the damage to the other guy’s car was only about $550. As Kim looked at me through panicked tears, that $550 might as well have been $55,000. She hadn’t even started Baby Step One. She was trying to get current, and now she had one more hurdle to clear before she even started. This was a huge emergency. Seven years ago George and Sally were in the same place. They were broke with new babies, and George’s career was sputtering. George and Sally fought and scraped through a Total Money Makeover. Today they are debt-free, even their $85,000 home. They have a $12,000 emergency fund, retirement in Roth IRAs, and even the kids’ college is funded. George has grown personally, his career has blossomed, and he now makes $75,000 per year while Sally stays home with the kids. One day a piece of trash flew out of the back of George’s pickup and hit a car behind him on the interstate. The damage was about $550. I think you can see that George and Sally probably adjusted one month’s budget and paid the repairs, while Kim dealt with her wreck for months. The point is that as you get in better shape, it takes a lot more to rock your world. When the accidents occurred, George’s heart rate didn’t even change, but Kim needed a Valium sandwich to calm down. Those true stories illustrate the fact that as you progress through your Total Money Makeover, the definition of an emergency that is worthy to be covered by the emergency fund changes. As you have better health insurance, disability insurance, more room in your budget, and better cars, you will have fewer things that qualify as emergency-fund emergencies. What used to be a huge, life-altering event will become a mere inconvenience.

...I conducted a number of experiments to get in touch with my future self. Here are my favorite three: • Fire up AgingBooth. While hiring a programmer to create a 3-D virtual reality simulator is probably out of your price range, I personally love an app called AgingBooth, which transforms a picture of your face into what you will look like in several decades. There are also other apps like it, like Merrill Edge’s web app that shows you a live avatar of what you’ll look like at retirement (faceretirement.merilledge.com). AgingBooth is my favorite of them all, and it’s available for both Android and iOS, and it’s free. On the website for this book (productivityprojectbook.com), you can see what to expect out of the app—I’ve framed a picture of myself that hangs above my computer in my office, where I see it every day. Visitors are usually freaked out. • Send a letter to your future self. Like the letter I wrote at camp, writing and sending a letter to yourself in the future is a great way to bridge the gap between you and your future self. I frequently use FutureMe.org to send emails to myself in the future, particularly when I see myself being unfair to future me. • Create a future memory. I’m not a fan of hocus-pocus visualizations, so I hope this doesn’t sound like one. In her brilliant book The Wallpaper Instinct, Kelly McGonigal recommends creating a memory of yourself in the future—like one where you don’t put off a report you’re procrastinating on, or one where you read ten interesting books because you staved off the temptation of binge-watching three seasons of House of Cards on Netflix. Simply imagining a better, more productive version of yourself down the line has been shown to be enough to motivate you to act in ways that are helpful for your future self.

lowest fees. Some cards charge no fee for foreign transactions. Avoiding Theft: Using credit cards abroad is generally safer

If you are carrying large credit card balances or other types of debt with high rates of interest, start paying as much as possible toward these debts until they are fully paid off. You would be surprised at how much it can free up to put toward your retirement savings.

And in 2006, just before the financial system began to collapse, an analyst from Standard & Poor’s, a credit-rating agency that consistently and knowingly gave the highest ratings to near-worthless mortgage-backed securities, said in an internal e-mail, “Let’s hope we are all wealthy and retired by the time this house of cards falters.

We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. … We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that … We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive.

ball she would attend. When the fourth dance started, Merrifield showed up. “You aren’t on my dance card,” she chided as he took her to the center of the ballroom. “I am now,” he said, pulling her into his arms. “How did you manage that?” “I called in a favor from a friend.” He twirled her around and then brought her close. “It will be worth it to see the envy on Luke’s face.” “I doubt that,” Caroline said. Merrifield frowned at her. “Why do you say that?” “Luke doesn’t care for me . . . in that way. Ask him. He will tell you we are merely friends.” Her partner grew thoughtful. “I’ll do that.” They finished the dance, Merrifield as smooth as ever, making her feel graceful and polished. He returned her to where Leah and Amanda stood together and bowed. “I’m off to ask that question,” he said mysteriously and left. “What question? Of who?” Leah asked. “Nothing. Merrifield is merely being silly,” Caroline said. She ate supper with a lively viscount and his friends, thoroughly enjoying herself, and then danced several more times. When her next partner showed up, he asked if they could do so another time. “My mother has a headache and has asked for me to see her home.” “By all means, go to her,” Caroline urged. After he left, she decided to go to the retiring room for a few minutes of rest. Only a few women were present. She went behind one of the curtains and, moments later, overheard her name. She grew still, knowing she shouldn’t eavesdrop, but chose not to reveal herself. “Have you heard that she plans to open a bookstore? And a tearoom?” Several women tittered with laughter. “How gauche,” one said. “Just think how awkward it will be if you encounter her at a social event.” “If she’ll be invited to any. Who would ask anyone in trade—much less a woman—to a ton event? She’ll never land a husband now.” “That’s not all,” another said. “I’ve learned who her father was. The Earl of . . . Templeton.” “No!” “Oh, yes. No wonder she has to do something for money. Templeton ran through it all and left nothing.” “You heard what happened to him?” “Something about footpads,

if you consistently practice the techniques recommended in this book, you will automatically side-step most of the emotional investment traps. Pay off your credit card and high-interest debts and stay out of debt. Formulate a simple, sound, asset allocation plan and stick to it. Systematically save and invest a part of each paycheck in accordance with the asset allocation plan. The earlier you start, the richer you become. Invest most or all of your money in index funds. Keep your costs of investing and taxes low. Don’t try to time the market. Tune out the noise, rebalance your portfolio when necessary, and stick with your plan. By doing those things, you will intelligently manage risk. You will buy low, sell high, and have the power of compounding working in your favor. You will slowly but systematically build wealth and a nest egg for a comfortable retirement. With a little luck, you will have more money than you dreamed you would ever have. These time-tested techniques have worked for millions of other people and they can work for you, too.

At one point during his second term, agents say Clinton managed to lose the plastic authenticator card with the codes he would need to verify his identity to launch nuclear weapons. “He has to keep those codes with him at all times, at all costs,” says a former agent. “With the codes, the White House Communications Agency can set up communications through the nuclear football and hit the satellites.” Retired general Hugh Shelton, the former chairman of the Joint Chiefs of Staff, confirmed in his book Without Hesitation: The Odyssey of an American Warrior that in Clinton’s last year in office, the required codes for launching a nuclear strike were missing for months. “This is a big deal—a gargantuan deal—and we dodged a silver bullet,” Shelton wrote. As the Secret Service sees it, Hillary and Bill Clinton have a business relationship, not a marriage.

Paying off a loan is always your best investment. No matter what the interest rate is, when you pay it off you get a guaranteed return, equal to the interest rate. Paying off a credit card with a 15 percent interest earns you a guarantee of, well, 15 percent.

Say you owe $7,000 on a credit card. You’re paying 18 percent interest and making the minimum monthly payment of $280. If you continue to pay the minimum, it will take you 11 years and 8 months to pay off this debt, and the total interest you’ll have paid will be $4,071. But if you decide to pay $25 extra per month—a “roll-down” strategy—you will pay off your card in 2 years and 5 months, and will pay only $1,641 in interest—$2,430 less.

list of documents that may be required. It can look intimidating, especially if you’ve not been actively involved in your family finances, but don’t panic. If you can’t find all of them or don’t have access, there is a later step in the divorce process called “discovery,” when you can legally compel the other side to provide copies of anything else you need: •Individual income tax returns (federal, state, local) for past three years •Business income tax returns (federal, state, local) for past three years •Proof of your current income (paystubs, statements, or paid invoices) •Proof of spouse’s income (paystubs, statements, or paid invoices) •Checking, savings, and certificate statements (personal and business) for past three years •Credit card and loan statements (personal and business) for past three years •Investment, pension plan, and retirement account statements for past three years •Mortgage statement and loan documents for all properties you have an interest in •Real estate appraisals •Property tax documents •Employment contracts •Benefit statements •Social Security statements •Life, homeowner’s, and auto insurance policies •Wills and trust agreements •Health insurance cards •Vehicle titles and/or registration •Monthly budget worksheet •List of personal property (furnishings, jewelry, electronics, artwork) •List of property acquired by gift or inheritance or owned prior to marriage •Prenuptial agreements •Marriage license •Prior court orders directing payment of child support or spousal support Your attorney or financial advisor may ask for additional documents specific to your case. Some of these may not be applicable to you.

Before you start to save one penny for a child’s future college costs, I insist that you have the following financial priorities taken care of: You do not have credit card debt. You have an eight-month emergency savings fund. You have a term life insurance policy. You are saving for retirement; aiming to set aside 15% of your gross salary. Until all of that is in place you are not to think about saving for college.

You work for the company. Employees make their business owner or the shareholders rich, not themselves. Your efforts and success will help provide for the owner’s success and retirement. 2.​You work for the government. The government takes its share from your paycheck before you even see it. By working harder, you simply increase the amount of taxes taken by the government. Most people work from January to May just for the government. 3.​You work for the bank. After taxes, your next largest expense is usually your mortgage and credit-card debt. The problem with simply working harder is that each of these three levels takes a greater share of your increased efforts. You need to learn how to have your increased efforts benefit you and your family directly.

Debt is fun—until you have to pay it back at the worst possible time. So, as an alternative, live within your means. Do not count on a bonus or raise to cover your spending. Assume they will not happen—but if they do occur, have a celebratory meal and save most of the rest. People fall into the trap of borrowing from one lender or credit card to pay another. If you are doing that, stop now before it’s too late. Cut your spending. We enjoy, but do not need, much of what we buy. Prioritize spending patterns and say no to yourself and your family. It will reduce financial stress and help you support a comfortable life in retirement.

To track your money, write down or digitally capture every dollar you spend for one month. Include everything, from your $1,800 mortgage payment to the $4 coffee you grabbed on your way into work. Here, savings counts as an expense, so remember to include any money you put into a savings or retirement account (unless it was taken out of your paycheck—don’t include that). Record each expense regardless of whether you pay by cash, check, debit or credit card, automatic payment, or online transfer.

My family looked very much different than my family today. As the years passed my family and friends warped into what I see before me today. Originally we were tight. Perhaps the reason was the Great depression or the war. It could have been that we all depended on each other to succeed. In time however I got married and with two sons formed my own nucleus. Although not always perfect, and what is? Ursula and I have been together for over 60 years. Our two sons are both now older than I was when I retired. Life now has become difficult in a different way and perhaps because of this reason I find that everyone is too busy to carry on the ties that I had in the past. Everyone has grown apart and has to struggle with the results of divorce or burdens placed on their shoulders by others, although some of these burdens are self-inflicted wounds. Fortunately we do still see each other for events such as my 85th birthday. Sometimes we celebrate birthdays with tons of gifts and cookie cakes and other times we celebrate a birthday with a simple card. There are also times that our successes are recognized and other times that they are forgotten. Yes things have changed but no one is to blame, since this is the world we live in. Like all families we have gone our own ways politically. Some of us are open in our political or religious beliefs and others disguise them, but for the greatest part of my life we were all for American first. Unfortunately and perhaps for extra-national reasons we no longer have the country we had during my earlier years, nor do we have a president I and others, can be proud of. Our values have dissipated as I never envisioned, separating small children from their parents and locking them into cages, or fearing that children would be shot to death in their classrooms as it has happened all too frequently. I still can’t believe that it happened in Newton, CT, a feeder community to the school where I taught for 25 years. I never would have believed that not one of the 8 victims of a recent shooting, recovering in a hospital, would see the president of the United States.

If you do what the masses do, you get the following picture: As an employee who is also a homeowner, your working efforts are generally as follows: 1. You work for the company. Employees make their business owner or the shareholders rich, not themselves. Your efforts and success will help provide for the owner’s success and retirement. 2. You work for the government. The government takes its share from your paycheck before you even see it. By working harder, you simply increase the amount of taxes taken by the government. Most people work from January to May just for the government. 3. You work for the bank. After taxes, your next largest expense is usually your mortgage and credit-card debt.

Indeed, it was perhaps the most iconic scene from any novel of its day, immortalised in engravings and artworks from the period and later. Werther, as Geothe’s narrator, describes the moment of desire in the first person: "I walked across the court to a well-built house, and, ascending the flight of steps in front, opened the door, and saw before me the most charming spectacle I had ever witnessed. Six children, from eleven to two years old, were running about the hall, and surrounding a lady of middle height, with a lovely figure, dressed in a robe of simple white, trimmed with pink ribbons. She was holding a rye loaf in her hand and was cutting slices for the little ones all around, in proportion to their age and appetite. She performed her task in a graceful and affec-tionate manner; each claimant awaiting his turn with outstretched hands, and boisterously shouting his thanks. Some of them ran away at once, to enjoy their evening meal; whilst others, of a gentler disposition, retired to the courtyard to see the strangers, and to survey the carriage in which their Charlotte was to drive away." The focus here is not on Lotte herself, of whom we learn only that she is ‘a lady of middle height, with a lovely figure, dressed in a robe of simple white’. Instead, for Werther what is important is what Barthes would call ‘the arrangements of objects’: Lotte’s relation to the children, the rye loaf, and the knife, all appear as scene-setting props which make desire possible. Lotte emerges from amidst these objects and Werther is ‘initiated’ as ‘the scene’ (described by Werther as the ‘most charming spectacle’) ‘consecrates the object [he is] going to love.’ It is that scene, that arrangement of objects, which makes desire – even love – possible. The technologies of our space, place and time set the scene for love to appear – make the emergence of desire possible. We don’t fall in love with an object in isolation but with how it appears in a curate scene determined by a variety of technologies. The Tinder profile card could hardly be a more perfect example from today.

2) 20% of your income: financial obligations. Financial obligations should be your second most important priority. This includes things such as paying off debts and loans or even creating a retirement and an emergency savings account. I realize that a credit card debt could be considered an absolute expense but, for the purposes of this method, it’s a category all on its own. That’s because having to pay back a debt isn’t exactly essential to your

Your Last Will and Testament • Estate Plan • Name and Contact Information of Executor • Contact Information for Attorney and Accountant • Deeds and Titles for all Assets • Life Insurance Account Numbers and Contact Information • Bank Account Numbers and Contact Information • Retirement Accounts and Contact Information • Credit Card Accounts and Contact Information • List of Regular Bills, especially those on autopay • List of Mileage Accounts and Other Loyalty/Reward Programs • Comprehensive List of Passwords

You might even wait and do your cruising as a retired person clutching a fistful of platinum credit cards on a finely fitted boat filled with expensive gadgets needed to maintain your increased demands for comfort and security. But by that time you are somewhat lacking in the robust health and enthusiasm to fully engage in your long-postponed adventure. If I chose to sail as a young adventurer, poorly equipped in the material sense, I make no apologies. I was well-fitted out in health and spirit.

In a world congenial to skepticism, skeptics love to play the skeptic’s card nonchalantly as if it were the royal flush that trumped all other cards and could not be countered. For many, it has become the skeptics’ way of hanging out a “Do Not Disturb” sign. Simply raise a skeptical objection and retire from all argument. But of course, the simplest response is to turn such skepticism back on itself.

Zero Line Spender, Saver, Wealth Creator Your financial personality type determines your financial position in life. Let’s say there is a zero financial line that represents a position where you owe nothing and have nothing. Perhaps you can remember those days getting started on your own. So, let us assume you just graduated from college and you’re one of the lucky few who graduated at the zero line, you owe nothing. Pretty amazing considering that in 2013, the debt on student loans exceeded all credit card debt owed in America. But fortunately, you made it out free and clear to the zero line. You’re a “Spender” so you go to the showroom and pick one out. With your job and the car as collateral, you get a car loan and you drop below the zero line. You lifestyle gets more and more expensive and since you are a ‘Spender” you probably take on credit card debt to help finance your lifestyle desires. You are constantly working your way back to becoming a zero, financially speaking. Then, you get married and now there are two in debt working their way back to zero. Eventually, children come along, and the odds of being able to put away enough money to pay your debt and interest and live on the top side of the zero line are becoming virtually impossible. Unfortunately, many Americans live in this position with little or no chance of ever living debt free. When something comes along that requires their savings, they must deplete their funds in order to avoid paying interest and then they must start saving again for their next expense. They are constantly returning to the zero line. The money they have accumulated is compounding interest, giving them uninterrupted growth. Having access to capital allows them to negotiate more favorable loans by collateralizing against their accounts rather than depleting them. They make payments to the lending institution with dollars from their current cash flow, protecting the growth of the money they have saved and invested for their future. Saving and investing with uninterrupted compounding is an important wealth concept for moving further and further away from the zero line.

Traditional 401(K) or 403(B) Account Typically offered by your employer, a 401(k) account allows you to invest a percentage of your wages for retirement. A 403(b) is the public sector’s equivalent to a 401(k). Investing through a 401(k) or 403(b) is one of the most advantageous ways to invest, since the government is giving you tax breaks. Your employer will sometimes match what you contribute, up to a certain percent. (FreE mONaY!) Remember from our Financial Game Plan that this is the trump card: if you have an employer match, take advantage of it. Maximum yearly contribution: $20,500, which means you can contribute any amount up to that limit. This does not include any employer match, so go crazy. (This and all other retirement account maximums are current for the 2022 tax year.) Individual Retirement Account (IRA) This is an individual retirement account, meaning it’s not tied to your employer. You have to open it up on your own, and it’s yours forever. Good news: you can have both a 401(k) and an IRA! Maximum yearly contribution: $6,000. You technically have fifteen and a half months to contribute that $6,000. The government lets you put money in your IRA during the twelve months of that year, plus the first months of the following year leading up to the tax filing deadline. A little confusing, but stay with me: if you want to contribute to your IRA in 2023, you will have from January to December 2023, plus January to April 15, 2024, to hit that $6,000 max. So, let’s say that you’re rounding out the year of contributions at $4,500. That means you have another three-ish months to get the full $6,000! More time, yay! If we’re already in the new year, and you want the money to specifically go to the previous year’s IRA, you simply need to specify that when you contribute. It’s usually as easy as checking a “previous year” box. Let’s talk about the most common retirement accounts. In addition to the differences above, 401(k) and IRA accounts come in two flavors: traditional and Roth. The main difference between these accounts is in how they’re taxed. In traditional accounts, you won’t pay any taxes on this money until you withdraw it at retirement. You get the tax benefits now. Roth accounts require tax payments now, so you don’t have to pay them later. You get the tax benefits later. In some cases, you can make both traditional and Roth contributions into the same account.