Friday, July 27, 2012
The Number: a completely different way to think about the rest of your life.
Well that's what it really is nowadays isn't it? retirement isent just a stepping stone to old age and death, far from it. the "r" word, as Eisenberg calls it, is now close to a second half to your lifespan. so how do you want to spend it? what, you mean by 30 at the latest you haven't thought of that? didn't think that was something that mattered, or if it did only in a slightly buzzing kind of way. well Eisenberg is here to tell you that, sorry, it is important and not just later but right now!
dont be alarmed The Number wasent written to scare you or tell you that everyone needs three mill. to make it through life without the buggy man coming for you. it was however, written for those in there late twentys to early thirtys as a way to really look at finance or more importantly what you want finance for.
while there is no magic grid to simply tell you how much you will need to put away, in what way, and for how long there are some simple facts about investment, how much should you really have in stocks and how much in bonds, and some tough life choices to make. what is retirement to you if you really had to think about it?
My answer was easy: becoming the wondering vagabond of my dreams with a simple but comfortable home that can be a base of operations from which to pack the next suitcase. while the book is longish it is an easy read, written not for those in the know, but for those who don't know anything. once you pick it up you might just get hooked like me and end up wondering why you never thought of such logical points about your own future happiness!
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