Retirement Advice that Goes Against the Grain

by Ron Haynes

Our attention period is being attacked from lots of angles nowadays. With mobile phone beeping constantly, e-mail messages turning up on the screen all the time and a great dose of social networks notifications thrown into the mix, it’s tough to concentrate on the true meaning of much of the financial advice we’re given. Below are a couple of financial guidelines that seem unreasonable on the surface, however will actually assist you attain a comfy retirement.

Get used to losing cash in the stock market

If I simply blurted out this sentence as retirement advice without more description, you would think I was crazy. Those who are the most successful with making their cash work for them are also accustomed to losing some along the way. Simply put: the market is unstable — get used to it.

The value of your financial investments in the stock market will frequently be less than they were the previous day if you examine them every day. And let’s not forget the serious market decreases that we typically find out about after the market has closed. The picture over the long term improves substantially, due to the fact that the economy will continue to expand and equity investors will be ultimately rewarded for taking that risk. Those who are able to stomach the volatility will be rewarded the most. Can you stomach the short-term discomfort in order to enjoy the lasting rewards?

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Value being a loner

No one wants to live a life feeling lonely, however this doesn’t mean you have to follow the herd and practice generally accepted practices. Borrowing money to spend for every little thing seems to be the standard nowadays, however it does not mean you have to dive deep into debt like numerous others. Keeping up with the Joneses is common, but if you follow the crowd you’ll need to work many more years to save enough for retirement. In some cases, being a loner is the very best choice you can make.

Hone the skill of being oblivious

I used to invest quite a bit of time investigating the specifics of everything I purchased, due to the fact that I thought I could conserve cash if I understood exactly what to look for. As I discovered the ins and outs of every item, I ended up paying much more due to the fact that many of the extra bells and whistles I discovered in my research would all of a sudden seem helpful. Rather of just getting the most inexpensive one that fit my initial need, the more expensive versions seemed rational since I developed a skilled eye to understand the difference in quality.

Work fewer hours

Why work simply to pay for material possessions? Many people work long hours to earn even more money, however they don’t even have time to enjoy the money they are making. They waste it on useless things, and the extra earnings doesn’t even make them pleased since they are so worried out from all the time and energy they are required to put into their work.

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Why not spend less time working by buying less stuff? You will get to spend more time with your family and really reach take pleasure in the stuff you do have. And if that causes layoff since you recognize that you do not really have to invest that much to be happy, you’ll actually lower the hours you should work during your lifetime. I’d wager that far too many people work long hours to earn more cash, but those hours they spend at work actually preclude them from enjoying the fruits of their labors.

It’s all about balance …

About the author

Ron Haynes has written 988 articles on The Wisdom Journal.


The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.