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Regrets

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Established Contributor

Regrets

I learned yesterday that someone I know online, that is more successful in his career than I could imagine being, authored a few books on top of that, ran his own business for years as well...Never planned his retirement. Never saved anything. Never invested. He is currently homeless. 60 something, sleeping on pavement of a mall underhang with ants crawling all over him every night. He started a blog using his phone using the malls wifi documenting the journey. I few of us digital friends chipped in to get him a hotel room until we can arrange a bus ticket back to his home town. I was reading his blog and he said looking back one of his regrets was not investing. I'm kinda just blown away. This can happen to anyone. A simple series of unfortunate events and no support system. 

 

I fell behind on my contributions to my IRA last year. This morning I dumped 1k into it.

 

 

EQ 772 | TU 769 | EX 7??


AMEX EDP 23k | AMEX BCP 7.5k | CSP 13.5k | FRDM 11.5k | DIT 20k | Citi DC 12k | Pendfed Promise 5k | Pendfed PLOC 5k | BoA 2.5k | Alliant 5yr Secured Loan $500 | 100k in available credit
7 REPLIES
Valued Contributor

Re: Regrets

Do you mind posting a link to the blog?



Established Contributor

Re: Regrets

(Mod Cut-Im sorry this link cannot be posted in the public forum)

EQ 772 | TU 769 | EX 7??


AMEX EDP 23k | AMEX BCP 7.5k | CSP 13.5k | FRDM 11.5k | DIT 20k | Citi DC 12k | Pendfed Promise 5k | Pendfed PLOC 5k | BoA 2.5k | Alliant 5yr Secured Loan $500 | 100k in available credit
Valued Contributor

Re: Regrets

Thank you for posting that. I realize the intention was to discuss investing, but I read all of his blog and I love it. I have to get to work now, but once I get to my office I'm going to send a few bucks to his gofundme. I'm glad he is out of the rain.
Fico scores as of 7/14/16 are EQ: 797 TU: 791 EX: 804
Frequent Contributor

Re: Regrets

Everyone is different
I honestly don't plan on living to my retirement age so I have not bothered with investing or retirement. I'm still fairly young at 27 years old and it's hard to get involved regardless making $35,000 a year when it's busy. Right now it's slow I can't even afford to buy a new car atm

Valued Contributor

Re: Regrets


BChops88 wrote:

Everyone is different
I honestly don't plan on living to my retirement age so I have not bothered with investing or retirement. I'm still fairly young at 27 years old and it's hard to get involved regardless making $35,000 a year when it's busy. Right now it's slow I can't even afford to buy a new car atm


You "don't plan on living to your retirement age?"

I'm not understanding, what alternative plans do you have? If this is stated for medical reasons, my apologies. I don't mean to intrude. Just found your statement a bit perplexing. 


Current Scores 3/2016 Equifax 676 Transunion 697 Experian 648 Goal Scores: 720's accross the board. Gardening Goal: 3/2017
Valued Contributor

Re: Regrets


BChops88 wrote:

Everyone is different
I honestly don't plan on living to my retirement age so I have not bothered with investing or retirement. I'm still fairly young at 27 years old and it's hard to get involved regardless making $35,000 a year when it's busy. Right now it's slow I can't even afford to buy a new car atm


It may hit you like a brick or not, but this isn't Game of Thrones.  My apologies if you have some underlying condition that has proven a shorter lifespan however, just saving a few bucks here and there goes a long way. 

 

It sucks being 10 yr's later and realizing you just cost yourself an easy $xx,xxx towards possible retirement.  Just saying.  Think about it. 

Starting Score: (8/15) EQ08 592 TU08 572 EX08 600
Current Score: (11/17) EQ08 711TU08 705 EX08 697
I'm never here bc not a fan of the new culture.
Established Contributor

Re: Regrets

I don't understand either. 

EQ 772 | TU 769 | EX 7??


AMEX EDP 23k | AMEX BCP 7.5k | CSP 13.5k | FRDM 11.5k | DIT 20k | Citi DC 12k | Pendfed Promise 5k | Pendfed PLOC 5k | BoA 2.5k | Alliant 5yr Secured Loan $500 | 100k in available credit