The Financial Fitness Cliff
There’s something about the beginning of a new year that prompts us to reflect on the past and think about the possibilities of the year
January 20, 2021
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There’s something about the beginning of a new year that prompts us to reflect on the past and think about the possibilities of the year
You’re probably well aware that car insurance rates for young people are very high. This isn’t surprising, given that they’re inexperienced and more likely to get into accidents. They may be able to drive a car, but there’s a difference between that and really knowing how to drive a car. They have to think about split-second decisions, whereas an experienced driver does so automatically.
Ready! Set! Reinvent! That’s the title of our new two-module, 12-lesson course on the topic of pre-retirement. Retirement is something that requires a lot of planning, and if you’re thinking you will be retiring in the next few years, there are five key things to consider to help you plan.
There are six essentials that are important for our health, watch the video to learn more.
Board games and card games can be a whole lot of fun, and they can be especially appealing when you’re looking for something to do on these cold winter nights, but don’t want to leave the house. Of course, they’re not very much fun if you’re playing with the wrong set of rules or if you’re just confused about how to play the game.
You may have heard Okinawa, Japan referred to as the Island of the Immortals. It is home to the highest concentration of centenarians in the world. Not only do their older citizens live longer, many of them are active and healthy well into their 90s and beyond—both quantity of years AND quality of life.
In the military, you always know who’s in charge and who’s in control. There’s a chain of command that everyone understands, there are orders to follow, and strict accountability for following those orders. It makes things clear because the “who, what, when, where, and why” are laid out for you.
One hundred years ago, the famous inventor and businessman, Thomas Edison, would, at the end of the day, fall asleep in a big easy chair. On either side of the chair were two steel plates, placed on the floor. In each hand, Edison would hold a steel ball, letting his arms relax to the sides as he fell asleep. Of course, once he fell asleep, he’d lose his grip on the balls, they’d fall to the floor with a clang, and he’d wake up.
Recently, one of our clients sent me an article from Barron’s on how seniors are living longer and, many times, are unprepared for that longer life. Back in the 1960s and 70s, most people died in their 60s or 70s and within five or ten years after retirement, so there wasn’t much to be concerned about. They didn’t have to worry about outliving their money, or developing dementia, Alzheimer’s, and everything else that can come with old age.
I just returned from Abundance 360, which is an annual seminar held by Dr. Peter Diamandis from the XPRIZE. One of the major areas touched on at the seminar was human longevity. You’ve probably seen those movies which show an old witch becoming young by sucking the life force out of a young person, and while that sounds crazy, some of the research going on right now with human longevity is kind of like that. I’m going to highlight four individuals and the research their companies are doing on human longevity.
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