“All I can tell you it that it’s hard,” my father-in-law Dick Young told me. “Getting older means pretty much everything is harder. It’s not easy. And you need a team to help you. I’ve been advising investors since 1971 and can tell you, you don’t know what it feels like until you’re actually living it.”
When I think about our conversations, it reminds me of the conversations I have with investors. They know how hard it is, too. They know what it feels like to live off their portfolio. We talk about ways to generate income. And yet, there’s always concern about the future. That’s natural. That’s part of this whole deal. The not knowing is the hardest part.
Thankfully, the readers who are attracted to Your Survival Guy have saved til it hurts and live within their means. They appreciate what it takes, what it took, and what they did without back then to get to where they are today. There’s a lot of life tucked inside your monthly statements. It’s human nature to look ahead, but it’s really more about looking back on how you made it happen. Nice work.
And yet, investors will read, and read, and read about the future. Areas they can’t control. “What will inflation do? Where are interest rates headed? Let’s throw some money at this,” they think.
But what matters most is; are you saving, and are you living within your means?
Action Line: I always hear, “We want preservation of principal and growth.” That’s not an objective. That’s a hope. Hope is not a strategy. When you’re ready for some help, let’s talk.
Originally posted on Your Survival Guy.
