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 1001 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.

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Simon | Modest Money

I have to say Ron, this is some against the grain retirement advice and quite practical at that!
Work Less…now that’s something that I should do more of! Sometimes we are so wrapped up in our “work” and “making money” that we even don’t enjoy what we are making. We do tend to forget that life is ajourney and that money is a means to making our life better and not an end in itself. Great post and thanks for the reminder.


Thanks Simon. I’m in the same boat — work so much to provide for the family yet I rarely get more than a week here or there to enjoy anything. I’m seriously looking to change that but gotta get these kids grown and outta the house!


“Get used to losing” Excellent advice.
I track net worth by quarter, and exclude house value. If I normalize end of 1999 to 100, by 02Q3 it was 68, 07Q2, 204, back to 110 at 09Q1, and now 278. A wild ride, but one that 2% CDs would never offer. These numbers include deposits, lest anyone think I’m claiming to beat the S&P over these 15 years.


It’s a roller coaster! Wow! I’ve given up trying to keep an eye on my investments in the markets too much (hard to stop altogether). After spending some time really deep dive reading How A Second Grader Beats Wall Street, I’m a lot more easy going since I’m invested mostly in a few different index funds.

Derek |

Great tip on working fewer hours. I’m trying to put this into practice by saving every penny I can so that I’ll be able to change careers down the road to something more enjoyable!


Yeah, you really need to love your work … or don’t work so much and have an enjoyable hobby! I’m leaning more toward the latter …….


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David Bressler

Hi Ron,

Some great advice everyone could use! I especially like the work fewer hours part. I have a “full time job” but have enjoyed a new perspective on life once I took a step back, didn’t make it so intense (possibly giving up promotions) and in return have a more casual lifestyle.

One thing about “getting used to losing” because the stock market is a roller coaster ride though… I’ve learned to track my “dividend income” instead of my “portfolio value”… and that income does go up all the time… regardless of whether the market itself is going up or down. I’ve written about that metric here and have a chart right at the time that shows how a portfolio value fluctuates (madly) but the income received goes up and to the right consistently:

Have a good weekend,


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