You know, there’s nothing wrong with making money slowly, but there does come a point when saving til it hurts can be like a sickness. You just can’t break the habit, and now you’re in retirement, and you want to have a little fun. As Jimmy Buffett said to his fans during his concerts, “Remember, I’m spending your money foolishly.”
There comes a time long after you’ve “made it” when you need to decide that yes, it is ok to spend it. If you commit to spending foolishly now and then (not always), it helps remind you why you worked so hard in the first place. It changes your mindset, giving you permission to do something fun.
Yes, Jack Bogle may not have agreed with me. But I think he’d smile reading it and understand what I’m saying. And yes, I love his quote for investors apt to overreact to every piece of news: “Don’t just do something, stand there.” Always helpful in tough markets. But let’s not forget about having a little fun, especially in times like these.
Action Line: Live your retirement life like the one you dreamed about. Life gets busy. Take some time for yourself. And when you’re away on an adventure, I’ll tend to your portfolio. Email me at ejsmith@yoursurvivalguy.com.
