My grandfather worked decades with the same employer and was rewarded with a reliable monthly pension check. He was not a multimillionaire, but his needs were well met and he and my grandmother were able to enjoy retirement without worry. Fast forward two generations and this arrangement is far from ordinary. I have had three employers over twelve years. I had a pension once, until it was phased out and replaced with my generation’s retirement vehicle: the 401(k). There is no paternalistic employer providing unequivocally for my future retirement. I must take personal responsibility and fund my own future. #
We accomplished our 2017 goal a bit quicker than anticipated. A sudden influx of cash from our tax refunds allowed us to pay off the last of our vehicle debt. We now have no remaining debt aside from our mortgage. What will we do now with the additional cash now that we have one less payment? Our attention will turn next to shoring up our savings accounts and increasing our retirement contributions. We will save more for our children’s future education costs. We will travel more. We will save liberally and live freely. #
Weddings can get expensive. If you trying to save on cost, a Friday wedding and reception can accomplish this. Expect fewer attendees than invites. Fridays obligate guests to take days off work or book additional travel days. Yes the day is for both of you, but guests are invited for a reason. Or are they? Is it obligatory? Rather than a Friday wedding with a bloated guest list, consider a traditional Saturday wedding with a modest group of attendees who are meaningful and influential in your lives. #
Have you ever tried to accomplish multiple financial goals simultaneously only to be disappointed that you were not able to achieve any of them? Personally, this problem that has plagued me. I have found more success when I focus on one goal at a time. It is okay to make incremental progress here and there on long-term goals, but if we split our attention it becomes challenging to fully achieve anything. Currently our focus is repaying the last of our vehicle debt. Rather than riding out the remaining three years of amortization, focus brings this down to six months. #
Today I cancelled the second credit card we maintained just in case there was fraud again on our main account. Just in case. What a useless reason to keep something we never used. It is ironic that by destroying something labeled “Freedom” we gained rather than lost anything. #
I have decided to “reboot” the website and strip out the (very little) content that was written here previously. Creating fully-developed and meaningful posts consumed more time and attention than what I can devote on a regular basis. Instead, my new focus will be providing short, but thought-provoking posts containing 100 valuable words or less.
I hope you as readers find value in these words and if desired achieve the peace that simplicity can bring. #