There’s nothing wrong with making money slowly because when you do finally get to your retirement life, you tend to respect the nest egg you worked for over your working lifetime, and you want it to stick around.
When you save ‘til it hurts and do without, you get into a saver’s mindset, and it can become an addiction of sorts. Anytime you get a raise, sell a property for profit, etc., you just want to keep on savin’. You’re the Golden Goose, and you know what can happen if you’re not careful.
Not that we want to hold on too tightly to money, because it can become like family, where you just want to keep it around. But some of it needs to fly.
But let’s not confuse flying with fast money. Slow money is different. It’s different because when you make money fast, you can feel like it’s house money, not yours, and out the door it goes. “I barely knew you,” you think.
But when your little nest egg becomes a big nest egg and then you retire, you understand it’s there for a reason: to help you. It wants to take care of you because you took such good care of it. You helped it get to this point, to grow, but retirement with no paycheck is terrifying. You need to let go.
Action Line: Think back to how you got to this point, and as you did before, put one foot in front of the other. You got this. When you want help, I’m here. Email me at ejsmith@yoursurvivalguy.com.
Read the entire series here.
