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“No Way I’m Spending That Much on Those”

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Your Survival Guy and Gal were in Boston this weekend, visiting our daughter and son. If you want to know what stagflation feels like, have two kids in college at the same time. Many of you know exactly what I’m talking about.

Take, for instance, after breakfast, strolling down Newbury Street window shopping. The next thing you know, Your Survival Guy’s in a store bombarded with loud thumping music and glowing displays of sneakers. “Oh, I remember those from the 70s,” I thought to myself, “Those are Chuck Taylors.” Flipping them over to look at the price was a shock.

“No way I’m spending that much on those,” I said.

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Minutes later, holding the bag of old sneakers and putting away the receipt, I wondered how much longer we’d be on this street. Listen, I’m Your Survival Guy someone needs to say “enough.”

Action Line: Your Survival Guy doesn’t want to rush through life, but I’ve been thinking about the day when I can say: “Ask your parents.”

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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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