financial chaos, financial meltdown, living with uncertainty, retirement ideas, retirement planning
“There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.” ― The Charioteer
My week was going well… until Friday. I was planning on leaving earlier, getting some chores done, and that way having a lighter weekend. But as they say: “man plans, God laughs”.
Instead, it turned into a busy, stressful day. You may have heard about the Silicon Valley Bank collapse. While we don’t bank there, we bank at another bank that it is next to them on the list of troubled banks.
We don’t don’t know if there is a real reason to panic, but we are worried and can’t afford to wait and see. So we had to scramble and open other bank accounts, transfer money, etc. It was not until after 7pm that we had some of the money fully transferred.
Now, in the next week, we will have to decisions to make regarding payroll accounts, invoicing accounts, customers notification, and a bunch of other things that will come into play.
I feel bad for the people and companies that had money in that bank. I cannot even imagine what we would do if we were in that situation.
“The phrase ‘travelling towards uncertainty’ is unnecessary because all journeys are always towards uncertainty! Why? Because there is no certainty even after a second!” ―
This situation highlights how fragile the US economy really is, and how easy could topple. These are my feelings. I have been told that, perhaps, I have not been paying attention, the economy has been shaky for the past 15 years. Others, want to assure me that there is no reason to panic, that the economy is cyclical and it will all turn around.
It is true that I have never been as interested in the state of the US economy as much as I have now. All of a sudden the idea of retiring sooner, rather than later, is a current thought in my mind. Well, it is not all of a sudden, the idea of working less has been brewing as the years are going by.
As I have been talking about retirement more and more, with friends here online and IRL, I have been thinking of how to make that idea a reality. And also, to come up with a date, with an age where I say good bye to working for a paycheck.
60 seems like a nice real number to aim for. And when I say retirement, I don’t mean stopping work, I mean working just as much or as little as I wish. I want to be the owner of my time. I want to be the boss of all my hours and be accountable only to myself.
“Whether it is good or evil, whether life in itself is pain or pleasure, whether it is uncertain-that it may perhaps be this is not important-but the unity of the world, the coherence of all events, the embracing of the big and the small from the same stream, from the same law of cause, of becoming and dying.” ― Siddhartha
How much money do I need to have to be able to retire? Where should I keep that retirement money? What about health insurance? It seems that is one of the main costs. If the state of the economy is a concern, don’t get me started on the state of health insurance.
Another major consideration is where to retire. Retiring in Westchester County, New York, may not be the way to go. Should I move to another state, go back to Brazil, or to another country?
Still, no matter how bad the economy is, not matter how bad things are, I feel blessed to have choices. Having always lived below my means has afforded me to be able to actually be thinking about retirement. I know a lot people that will not be able to retire even when retirement age hits.
Spend wisely, live simply, have fun.
“The business of philosophy is to teach man to live in uncertainty… not to reassure him, but to upset him.” ― All Things are Possible
This will be a crazy busy week for me. Besides all the financial issues at work, I will be facing another dental scaling and root planning. Half of my mouth was done 2 weeks ago, the other half will be done this week. Not fun and not cheap, but I have had worst procedures done in the past, more painful and more expensive, so it is all good.
Now for the fun part, I will be packing for my skiing trip that happens at the end of the week! Yippie – Park City here we come.
And, 2 days after I return, I will be going away for another couple of days… I will save the details for a next post… I am also very excited about it.
Life is tricky, maneuvering the sometimes long winding roads can be difficult. But it is all so worth the effort, when the scenery is so amazing.
I want to wish you all a blessed new week, full of miracles and reasons to smile! Thank you for stopping by and sharing your energy and comments!
“Is the road ahead uncertain? Great, be happy! Uncertainty means surprises, and if the path you’re walking on isn’t one full of surprises, you’ll get bored! When you get bored, your life energy goes out! Walk in uncertainty, encounter new things just like an explorer and they will keep you energetic!” ―