Here are 10 skills that will clarify your visions and bring you closer to your life goals.
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I am 58 years old. I entered government service (military) at the age of 18 and retired at the age of 43. I started retirement planning soon as I started my career.
Along the way I contributed the maximum to an IRA (there was no 401k/457 offered). I saved money, living frugally in housing that did not exceed my housing allowance - yet enjoyed life. Those years of overseas isolated tours of duty (called bankroll tours by some) boosted the savings potential even more. I have only owned 4 cars in my entire life, and didn't even own a car for first five years on active duty.
I drove an old vehicle and was teased a lot about it. I did not care. I told everyone that instead of making car payments, I was putting that money into my retirement fund so when I did decide to retire I would never have to work again. I was also single with no children during most of my career - so retirement planning was done under my own steam - no fighting about anything with a spouse.
I just built a brand new custom home for myself, my spouse and my sister and her son (who reside with us) and paid for the land and structure in cash. I have always lived, literally, debt free. No credit card debt, few car payments along the way and used dollar cost averaging for the long haul financial retirement plan.
I realize that I am fortunate to have chosen a line of work that had a pension and healthcare benefits. I am also very healthy. I paid fully into social security throughout my career so that will be available when I meet the age requirements.
It takes discipline and skill to craft a retirement plan. It is not easy but in fact actually pretty boring - but if you start early, get into the habit of saving every month you can reap the rewards of those efforts when you get older.
Experiences can be mundane and awful. Sometimes saving money is more important.
It provides a way of mentally “shopping the closet” and quells desire to buy.
Sellers can influence which item customers choose and how much they pay.
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