Several months ago, late in the evening, I took a cab from the airport. This was in NY; cabbies are talkative in NY. My cabbie was a man in his late 50s. Conversation flowed as the odometer rolled on the miles. The meter, of course, kept pace.
“I’m a bit tired,” – said the cabbie. “This is my second shift. Yet, I am excited and happy to keep spinning the wheel.”
“Why?” – I asked.
The cabbie stopped at the light, whipped out his cell phone and turned it on. As wallpaper on his phone, there was a photo of triplets.
“You must be happy to have grandkids,” I said. “I guess you are working to help out with expenses.”
“Yep, they do require some spending,” said the cabbie. “Except they are not my grandkids. Continue reading
“I retired on a $30,000 a year defined-benefit pension. There have been no inflation adjustments to my pension income, but I certainly felt inflation. And I did not have much invested beyond that.”
I heard this today from a 60-something year-old retired gentleman in Florida. There is so much I could have told him. But I didn’t. Because what I had to say cannot help him now. It would have been much more useful 30 years ago… Continue reading
It’s true. Previously, I wrote about the virtues of avoiding or quitting your job. And now, it’s time to amend that post.
One of my friends said something interesting the other day. “If you are reaching for something up high,” he said, “It helps to stand on something.”
My first impulse was to argue. After all, I did write the post describing various ways in which employment can hurt a person. But then, I reconsidered. Allow me to explain… Continue reading
Often, I have investing discussions with a buddy of mine. You met him on this blog before. Today, he brought up an interesting subject. In 1931, when the Hoover Dam construction began, it cost $49 million. How much more would that be in today’s dollars? Did the stock market keep pace with that increase?
We bet a cup of Starbucks on this, Continue reading
Plannedfreedom.com has just recovered from a crash. We lost some information, but not much. Will rebuild it in the days to come. Please bear with me. Thank you for your patience.
My most important goal now is attaining personal freedom. I previously mentioned my thoughts on the 3 pillars of personal freedom. I stand by this idea. Let me explain…
Some people have too narrow a view of personal freedom, assigning too much importance to any one factor – i.e. “just make enough money and everything else will fall into place.” Some people lack focus altogether – “you must have all your bases covered, including career, emotional state, physical and mental health, personal relationships, retirement planning, personal growth etc.”
I think the 3 pillars of personal freedom, if not all-inclusive, are comprehensive enough without ignoring anything essential. At the same time, the 3 pillars tightly focus on the key building blocks of personal freedom. Let’s revisit the pillars. Continue reading