A Life As A Philosophy Of A Person Who Told You That Can Help You Become Financially Independent

In this economy, debt is something that we are told is normal for us. The Total Money Makeover by Dave Ramsey is a book that gives you a step-by-step plan on how to “be financially fit” and to help you live a life free of debt.

M.Q. said that she considered herself retired at 64. However, she began planning for her retirement almost thirty years prior, at the age of 38. As M.Q. was a registered nurse, she did not start a 401 K. Instead, she started a 401 B. One of M.Q.’s chief joys and complaints about retirement is all of her free time. She enjoys it because it lets her spend more time with her extended family, her husband, and her dogs. She dislikes it because she often finds herself

The majority of people age 65 or older in the United States are still working in full time positions. This opens the question if they planned for retirement, or what if anything went wrong while working? How do they feel about still having to work? Have they taken proper steps in preparing for retirement? Are they only working to pass time? These are the questions that everyone should be asking themselves about their own retirement plans, and what they have done to financially prepare for that stage in their life.

The Baby-Boom generation is nearing retirement and it is clear that millions of aging Boomers are financially under prepared. Reasons are many - poor savings habits, rising medical costs, the demise of guaranteed corporate pensions, and the dreaded squeeze faced by many: i.e. having to pay college costs for their children, care for their elderly parents, and save for retirement, all at the same time.

"Imagine saving 200$ a month! What if I told you that in 40 years, that investment will be worth 1 million dollars?"

I am Walt Teske, CFP®, a Personal Financial Counselor, serving military members and their immediate families. My primary base is the 128th Air Refueling Wing for the Wisconsin ANG, but I am eligible to serve Army Reserve and Guard as well as Marine Reserves in the Milwaukee area as well. My services are free and confidential with no financial product ties. I work for a military contractor, contracted by the DoD. My primary job is to educate eligible military members on the incoming (2018) military Blended Retirement System (BRS) but I am also available to consult on financial topics such as budgeting, credit issues, military benefits, the TSP, financial planning for deployment, asset allocation and retirement planning.

In the book “All Money in the World” by Laura Vanderkam discusses about ways that people get and spend money in their lives and the relative between money and happiness. Each title, the author shows us different ways to use and earn money like getting, spending and sharing. But in chapter 3, “Rethink Retirement” of getting, Laura Vanderkam shows the creative way to approach retirement. There are three of the ways that the author suggests people can rethink and plan for retirement such as saving, making extra, and using time efficiently.

In Your Money or Your Life, Vicki Robin and Joe Dominguez pose the question “what would you rather save, your money or your life?”. They say that, while most everyone would give up their money to save their lives, several individuals would honestly rather save their money. This view is because the average person does not believe they make enough money to be happy and believe their work lives are sub-par. In part, this belief is caused by the mundane routine working class individuals go through every day. Robin and Dominguez believe that most people are “making a dying” rather than making a living.

In the TED Talk “Why 30 is not the new 20” Meg Jay discussed with her audience concerning the new trend of blowing off your 20’s and leaving everything that they could have done so in that decade to their 30’s. Jay soon after emphasizes how such a trend should not be followed and in the contrary have their 20’s be the years in which an individual begins to build the life they want to live.

We all are currently aging. We live in an again paradox. But, it is what we choose to do with our time while we have it that counts the most. As a young adult, and before this class I was very unaware of the importance of planning your retirement as early as possible. There are many things that go into planning for a successful retirement. Such as, but not limited to: Where will I choose to live? What will I do to stay mentally active? Or even, when will I choose to retire. In this paper, I will go over a plethora of aspects for my personal plan for aging.

Aging American must now secure other streams of income for retirement to secure their lifestyle, for which they’ve grown accustomed,

It saddens me that people that are getting close to retirement have to even ask themselves if they can afford to retire. This is the moment that they have been working towards throughout their entire careers. They thought it would be their time to relax after working for years and years. Now they will not be able to afford the expenses of living without working? It truly amazes me how this has happened and it makes me sick. The elders of the world need a break eventually.

Feldman & Beehr (2011) presented a 3 stage model for how individuals decide to retire. This combines and organizes a number of theories into categories about future anticipation of retirement, letting go of past work for retirement, and focusing on the present of retirement. Research indicates each stage has been tested and validated. However, this article examines a wide range of studies and theories in order to develop an overarching model.

Blogs and forums like Mr. Money Mustache, the teachings of one such 30-something retiree, provide inspiration and roadmaps for those working towards early financial independence. But how realistic is EFI? If you scrimp and save, could you actually quit your job in your 30s and expect to be financially secure for the rest of your life?

Growing up, as Tim Urban stated in his article; Why Generation Y Yuppies Are Unhappy “, we were raised “with a sense of optimism and unbounded possibility” (par 6). Moreover, what our parents didn’t tell us, is that we have to devote most of our entire life to achieve those possibility. However, our parents’ generation - the baby boomers, born in the 50s, raised by our grandparents. Were raised to “build practical, secured careers” (Urban par 4) But another for them to get to stable career they have to go through hard time, bad decisions and loss of love ones.