Comment on Limited Investment Opportunities by Rob @ Money Nomad.
Times have definitely changed – and continue to do so! My grandfather worked is way through MEDICAL SCHOOL by delivering milk in the mornings. lol. Try finding a part-time job today that will cover that $50k bill every year.
I somewhat agree with you regarding the stock market struggling as Baby Boomers retire. My views were the same as yours a while back, but then I started realizing that they will be pulling their money out largely to cover their retirement years. So, although some of those funds may go temporarily into bonds/etc, I believe I lot of it will go into funding their travels, grand children, and ongoing expenses.
As we all know from Economics 101, the more that is spent, the better the economy does (even though that doesn’t make sense from a “stewardship” perspective). So we’ll see… Either way, it’s definitely going to be an exciting future!
Recent Comments by Rob @ Money Nomad
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I loved this post! Sadly, I feel like I’ve been reinventing myself every 15 months, not 15 years. So I probably need to settle in for the next 12 until I get to that 40 mark. But this article is very comforting – as I love the idea of being able and willing to make changes as you grow – not feeling stuck to the same thing forever. Thanks for the inspiration!
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Great way to look at finances! I love the bucket concept and am surprised that I’ve never heard of it before. I’ll have to consider implementing this in my own routine — much more efficient than the budget method. Thanks for sharing and I look forward to seeing more great content here on your blog!