Why You Fall in Love With a Specific Person

It’s quite comical, actually.

The two people in the world who probably know (and care) the least about the stock market bucking the trend of old ass people living in relative squalor because they didn’t effectively position themselves for retirement.

As I look to bolster my case for banifrom our personal finance lexicon, I realized my parents provide the best illustration and most convincing anecdote.

With a couple important caveats and exceptions, my parents embody the strategies I advocate around managing your money in a way that renders formal retirement with a million bucks in the bank irrelevant and unnecessary.

In this article, we outline their approach and address the somewhat outdated aspects that helped so much fall in line for my parents. We present alternatives to the things that aided their work and post-work lives that you likely will not have access to today.

Mom’s 73 years old.

She worked part-time, here and there, in a restaurant or two when I was a kid, but spent most of her life “staying at home” to take care of me.

Dad’s 86 years old.

He worked full-time, part-time, and side hustled. When I was a kid, he was usually out of the house by five in the morning, often not returning until it was dark. During his years of working really hard, he was probably home for dinner roughly 50-to-60 percent of the time. He busted his ass to ensure we had what we needed — and more — in the present and as he and Mom grew old.

This said it’s not this prototypical American dream family and the conservative mantra of work ethic and bootstrap tugging that tells their story. Lots of people work hard and have nothing to show for it, particularly in retirement. Without the hard work, my Dad certainly would not have seen the financial success he wanted and needed; however a mix of smart choices, financial anxiety, discipline, circumstance (place), and luck deserve an equal share of the credit.

Benefits tied to work

You can’t overstate what might be one of America’s biggest inequalities.

We tie so many of the things that make life more comfortable now and into the future to work.

This is why my parents have healthcare for the duration with very little to pay out of pocket. They have had fleeting (thankfully), though relatively major health issues that cost them virtually nothing to take care of

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Why You Fall in Love With a Specific Person

Why You Fall in Love With a Specific Person

Benefits tied to work

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