Pensions aren’t as common as they were back when my Dad was working at International Harvester. They made Farm Equipment there in Rock Island, IL. They had a Union there which my Dad was a Shop Steward for the Union. They also had a Pension and Health Care for life for Mom and Dad. Pretty good deal. I am going by what he told me I never read all the details of it.
Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.
Who are people trying to impress with expensive Apple Cell Phones and having Cable TV with all the Streaming Channels? If people are in debt or not even half ways towards their Financial Freedom goals, do they need these two items? What lessons are they teaching their kids if they have kids?
If we would have watched no News on TV and just checked our Stock values at the end of the month, we would think the world was all great and we were back on track.
We are less than a month from Logan leaving for the Navy and we have been busy making sure he is ready for his move. First he goes to Navy Bootcamp in Great Lakes, IL and then off to South Carolina for his Schooling. We are getting sad more and more as we get closer to the day we have to drop him off in September.
We teach our boys that if they don’t take care of their health now, they could be paying for it in the future. Choices and Consequences from their actions now. It can affect their Financial Freedom plans they may have.
We get phone calls, emails and texts daily at our house of people trying to get our information or to scam us. Everything from someone in England that died and left us 8.5 million dollars to call this number right away or the IRS will be taking you to court.
Darlene and myself have many different checking accounts from Personal Accounts to Business Accounts. We teach our boys to have separate personal checking accounts if they are married or in a relationship. Also, we suggest they set up one checking account for each of the following; Home Bills, Debt Payments, investing to other accounts if needed.
Whether you are married, in a committed relationship to being single we teach our boys to agree with their significant other or if single than a friend or relative before a large purchase.
Even though the Stock Market has good days and bad days over the last month the Dow was up over 700 points and our Net Worth had a good Increase also.