Your Survival Guy

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Your Survival Guy’s #1 Habit of Fairly Successful People

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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 Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

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.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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