President Trump Inauguration Address was the first in a long time I was able to watch in full. In the past I think I was always at work. He is the 45th president of the United States for the next four years or longer. During his inaugural address, Trump told the American people that this was “their celebration.” He talked about making our Country Strong again. You can watch it in the above attached video.
Some of my family and friends that are retired wonder what will change in their cost of living. Being Retired can look different to each person. Some people travel the worry and have no worry about money running out while others worry daily about running out of money. I have some friends that their only income coming in is their Pension and Social Security checks, they live on a budget. I have meet guys on the driving range that the only money they live off of is Social Security each month. Some retired friends have Part-time jobs to help out with bills or to just get out of the house and to be busy.
Darlene works full time currently and I like to work on my home business. We have two kids at home so we only travel about three to four times a year, we live debt free but on a budget. We have Darlene’s income, my business and investment income coming in. But we also wonder what will the next four years bring us. For our family we hope for lower taxes, strong returns on our investments, health costs to stay the same or go down and for our economy to grow.
I was talking to a friend the other day and he worries about health insurance costs and taxes. He lives on a tight budget and a fixed income being retired. His health isn’t really strong enough to go back and get a job to make some extra money.
Darlene and myself talk so much about how our Financial Planner wants us to work till we have enough money to last us till age 94. We have different views and we want to both retire early so we can enjoy life while our health is good. We want to Golf, Bowl, Travel, Go for Hikes and more. If we run low on cash we have no problem getting a part-time job in the future but we believe we can live off our Investments if we stay debt free and on a budget. We don’t have to spend a lot of money to have fun. I call my self Retired but others call me Semi-Retired because I still work on my home business and projects. I say I am retired because I do what I want to do and don’t have to do anything I don’t want to do. That is Retirement Freedom to me.
The down fall with retirement can be a change in friends. I will talk more about that in another blog. But we can lose some friends if when we quit working and you lose contact with your past co-workers that you spent so much time with each week. You can lose some friends that when you were working you may have gone out a lot each weekend doing stuff and now that may not be in your budget. Watch for upcoming blogs on this topic also. But being Retired you can have fun without spending a lot of money which I will talk about in upcoming blogs.
I feel confident our country and that we will continue to grow stronger. I know the Stock Market goes up and down and will in the future just like it has in the past. But that is how our economy works. Look back about ten years ago when the Real Estate market crashed and now it is coming back to the levels it was at or higher. I am going to enjoy everyday with my family and friends. Io hope you all do also. Try not to worry about what the future brings but enjoy the day you have. If you aren’t retired yet you can make sure you have a plan on when and how your Retirement will be like. You can work on being debt free if you aren’t and work on investing your money. I always suggest that everyone has a good team like a Financial Planner, Insurance Agent, Real Estate Agent, Account, Life Coach or Mentor and a Banker.
Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people improve their Golf games, enjoy life more and be more successful.
Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
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Bruce of MillsWay.com