Your Survival Guy’s number one habit of fairly successful people is saving money. Done. Simple. Easy to understand. Hard to do. Because, like all habits, it can be hard, initially, that is, but then it’s quite a bit of fun. Compounding money—the eighth wonder of the world. Don’t just take Your Survival Guy’s advice; go back in time and ask Albert Einstein.
Life’s lessons seem to be the same no matter when you are born. If you’re a saver, you have a good handle on risk. You don’t like it. It’s a bad four-letter word. You don’t like staring at the ceiling in the middle of the night, wondering if you’ll have enough money for the rest of your life. Savers tackle that emotion head-on and will do whatever it takes to reduce uncertainty in their financial lives.
Most retirees—not you, dear reader—pay little attention to risk. They never felt the “need” to be savers. That is until they hit retirement and have annual spend rates over ten percent. That’s just crazy. Others who didn’t think stocks could go down say to themselves, “Everything will be fine. Stocks always come back.” Do they? Maybe not on your timeline.
Action Line: If you’re a saver, a fairly successful person, you know it’s rough out there. You don’t need to learn all of life’s lessons the hard way. You made that decision years ago. Let’s talk.
