What it is and why it is important — Your motivation is the foundation for your success. The challenge is maintaining your motivation. Regardless of what you want to achieve, there will be setbacks. And those setbacks can easily impact your level of motivation. But before we talk about how to maintain a high level of motivation, lets define…

My thoughts on the idea of ageism Recently, I read an article on Medium that mentioned getting one of those questionnaires from doctors that only people older than 70 receive. Before going any further, I want to apologize to the writer for not linking to his article. Unfortunately, I had…

The earlier you plan, the better There is a retirement catastrophe in the making and no one is talking about it. The facts are clear, for fifty percent of people age 65, the older you get the worse your economic condition is likely to be. Of course, if you have…

Leaving more money for retirement fun and games — My wife and I love going out to eat. During our time in Mazatlán, Mexico, we ate out at least five out of seven days. Sometimes, we ate two meals out on the same day. In Mazatlán, it was incredibly affordable to eat out. Even at today’s low exchange rate…

A lesson in reassessing priorities — Back in the Spring of 2021 my wife and I decided to make a huge change in our life. After two and a half months in Mazatlán, Mexico we returned to North Carolina and sold our 1650 square foot home. …

At least for most people I cannot talk about other countries, but we in the United States pay way too much attention to taxes when making financial decisions. And this is particularly true for most retirees. But the truth is that with a few exceptions, it is irrelevant. Some Financial Decisions Impacted By Tax Considerations One of…

The key to a better retirement and life On July 18, 2023, I wrote The Almost Magical Technique that Eliminates Credit Card Debt. In that article, I introduced readers to Velocity Banking, which is an amazing way to eliminate not only credit card debt but all debt. In today’s article…

A small mindset shift can provide a little extra income — What is this financial mistake? This headline from a July 25 article on cnbc.com says it all: Despite interest rate hikes, nearly 70% of middle-income Americans haven’t switched to higher-yield savings. When I read that article, I was dumbfounded. …

Putting current studies into perspective. Everyone has read the articles that quote the Fidelity Retiree Health Cost Study that stated that an individual age 65 would need $157,000 and a couple aged 65 would need $315,000 in retirement for health care costs. …