Category Archives: Miscellany

The Retirement Myth

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“Only 58% of us are even saving for retirement in the first place. Of that group, 60% have less than $25,000 put away … a full 30% have less than $1,000.” According to Nielsen Claritas, Americans age 55 to 64 have a median net worth of $180,000 — less than they’ll likely need for health care spending alone during retirement. — According to ConvergEx Group

“The entire concept of retirement is unique to the late-20th century. Before World War II, most Americans worked until they died.”

“According to the Centers for Disease Control’s actuary tables, someone born in 1950 could expect to live to age 68.2, while someone born in 2010 could expect to live to 78.7.”

Full post at The Motley Fool

Who are your heros?

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“If you tell me who your heroes are, I’ll tell you how you’ll turn out.” 
I’m not as smart as Warren Buffett but I might be as lucky.

“When you work with people who are already rich, they’ll work because they choose to do so, ‘rather than being on a yacht somewhere.’ But you don’t have to be rich. Buffett says that while it make take a job or two to get there, you should do the work you love.”

“Just imagine you could be given 10 percent of the future earnings of one person you know,” Buffett says. Would you pick the smartest person? The fastest runner? No, Buffett says: “You’re going to pick the person that has the right habits.”

Hanging out with Dave. And Dave.

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This is the first Google Hangout I’ve actually enjoyed. Previous efforts were about learning the tools (I still need to work on that). This was a chance to shoot the shit with a couple of guys I find interesting and funny. I picked the radio topic just to get us started.

Had no idea it would run 45 minutes but that’s okay because we don’t expect anyone to actually watch this. David Brazeal left a perfectly good job to follow his passion. Dave Morris has been self-employed for years.

Work! – Maynard G. Krebs

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Loading-Coal

In a couple of days I will have been unemployeed for three months. While I haven’t thought about my old job very much, I have thought some about work in the abstract. Work seems to be part of the fabric of our lives.

  • We go to school to learn the skills we’ll need to get a job
  • We go in search of a job
  • We get a job
  • We change jobs
  • We sometimes lose a job
  • We retire from a job (if we are fortunate)

I’ve always taken it as a given that we are supposed to work. To be productive. Not just to put beans on the table but because work is part of the Grand Scheme of Things. People with meaningful work are happier, I’ve been led to believe.

I’ve got less than 100 days of not working under my belt but I’m starting to question how existentially critical work is. Perhaps it’s a concept that was started by someone that needed to keep those factory jobs filled.

For many years I bought into the notion that Work was essential in providing meaning to our lives. These days, I’m not so sure.

A lot of fucking candles

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“By 2015 we’ll have more Americans over 60 than under 15 — and that’s just the beginning. Demographers are predicting that more than half the children born in the developed world since 2000 will live to 100. We can expect to spend 6,000 days — nearly two decades — in retirement, while others state the first person to live to 150 is already alive.”
A New Vision for Retirement (Harvard Business Review)