Monday, July 23, 2012

Saving for Retirement May Be Easier than Being Interviewed about It

Writing three true bestselling books (each with well over 100,000 copies sold) including The Joy of Not Working and How to Retire Happy, Wild, and Free has some great benefits including having saved more for retirement than the majority of baby boomers.

But it has some darker sides, too. Indeed saving for retirement may be easier than being interviewed about it.

Not so long ago I agreed to be interviewed when contacted by Larry MacDonald of the Globe and Mail, who puts together the Me and My Money column in the Saturday edition. This is a column about how people invest their money while saving money for retirement.

I already knew from previous editions of Me and My Money that some readers are mean and vicious with their comments on the online edition of the articles.(A clear sign of the higher level of consciousness, love, light, and non-dualism prevailing on our planet?)

I decided to do be interviewed anyway.

So, here is the link to the online edition of the article that appeared in Saturday's paper.

Early Retiree Prefers Peace of  Mind When Investing

Press the comments button to read the comments. Also read the replies to the comments.

One of the more interesting elements of this story is that on the Saturday that this article appeared I received a phone call from a Scottish guy in Calgary, cursing me with,

"You f*ckhead, I just saw the article about you in The Globe and Mail. You pri*kface asshole . . "

For the record, this Scottish guy had called me two or three times before about three years ago. The first time he called, he chastised me for quoting a Globe and Mail columnist in my book Career Success Without a Real Job where I said, "As columnist Leah McLaren recently wrote in The Globe and Mail: 'No one wants to talk about debt, but it comes home and roosts on your doorstep like a big, fat, clucking hen from hell.' ”

He had some issue about the fact that Leah McLaren was a feminist and I shouldn't be quoting her. Of course, he had a number of other issues, just like the millions of crackpots of this world have.

Anyway, on Saturday afternoon this Scottish guy from Calgary hung up before I could cheerfully say, "Guess what? If I don't accept your poison, which I won't, you are the one who is stuck with it!"

Weirdly, I experienced a feeling of intense satisfaction — and even enlightenment — after the guy hung up, knowing that I had done the right thing by agreeing to be interviewed for the Globe and Mail article.

I do have to thank the people who commented positively and gave me support in the comments and replies to comments.
As for the critics, As the great motivational speaker Zig Ziglar once said, "I have yet to see a statue made in honor of a critic." In fact, people like me get inspired by the pathological critics of this world. We accomplish a lot more while they accomplish little or nothing.

Here are three inspirational quotations that apply:

"Any fool can criticize, condemn and complain ... and most fools do."
— Dale Carnegie

"Many non-doers and under-achievers act as if they somehow deserve to sit in judgment of the most accomplished individuals on planet Earth. They don't. Pathological critics seldom, if ever, have anything good to say about anyone. Lethargy and mediocrity are harsh critics of the superb and the remarkable. It's not fair and it can be demoralizing for some. Fortunately for highly spirited souls, the Universe assigns the greatest rewards of prosperity and freedom to those who produce the most helpful things for humanity and endure the most criticism from the under-achievers and the non-doers of this world."
— from Look Ma, Life's Easy by Ernie Zelinski

"Avoiding criticism is an unattainable task — even to the most renowned individuals of this world — because the most degenerate of misfits can easily belittle the greatest of accomplishments. There is no reason to despair, however. Receiving a lot of criticism from the misfits of this world is a good sign that you are well on your way to success — or that you have already arrived."
— from Career Success Without a Real Job

Speaking about saving for retirement, In the New York Times article at the link below, it says "Dying Early Is Not the Basis of a Retirement Plan."

Ridiculous Approach to Retirement

Why not? Dying early as a retirement plan has worked for many people!

This part of the article is almost unbelievable, but likely true, however.
"Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day."

Here are some retirement quotes and retirements sayings that indicate why I have saved a lot more for retirement than tens of millions of baby boomers. There are also some quotations about money that will help you if you are saving for retirement and want to have a decent retirement income like I expect to have. See my retirement plan.

"The ideal perspective on saving for retirement would come from someone who:
1. Doesn’t sell investment products;
2. Has seen decades’ worth of trends, fads and economic cycles;
3. Combines common sense, plain language and sharp analysis that often challenges the conventional wisdom.
Actuary Malcolm Hamilton is exactly the person."
— Rob Carrick, writing in The Globe and Mail

"No organization — government or otherwise — can take great care of you. Organizations aren't capable of this — only you are!"
— from Look Ma, Life's Easy

"If your daily life seems poor, do not blame it; blame yourself, tell yourself that you are not poet enough to call forth its riches." 
— Rainer Maria Rilke

"Empty pockets never held anyone back. Only empty heads and empty hearts can do that."
— Norman Vincent Peale

"I will do today what others won't, so I will have tomorrow what others don't."
— John Addison

"It’s a kind of spiritual snobbery that makes people think they can be happy without money."
— Albert Camus

Sunday, February 26, 2012

Health in Retirement

People should plan now for an unexpected early retirement even if they plan to work until 80.

Unfortunately, many people are wrestling with this very problem. Specifically, they plan to work until a certain age — but they leave the work force earlier due to poor health in retirement.

No doubt many people will think, "Oh, this won't happen to me." That is silly thinking. Fact is, that was exactly what the people were thinking at one time to whom it happened.

Just how big a problem is this? Consider the following statistics from the Employee Benefit Research Institute’s Retirement Confidence Survey:

• Forty-seven percent of retirees left the work force earlier than planned.
• Of that total, 42 percent did so because of health problems or disability, 34 percent left due to their employers’ downsizing or closure, and 18 percent left to care for a spouse or another family member.

So here’s the bottom line: Even if you think you’re going to work until, say, you may be forced to quit at 68, 65 — or even younger.

Here are a few quotations about retirement and quotes about health in general:"Do not try to live forever. You will not succeed."
— George Bernard Shaw.

"If you don't take care of your body, where do you expect to live?"
— from the International Bestseller The Joy of Not Working (Over 250,000 copies sold and published in 17 langauges)

"To lengthen thy life, lessen thy meals."
— Benjamin Franklin

"When money is lost, little is lost. When time is lost, much more is lost. When health is lost, practically everything is gone. And when creative spirit is lost, there is nothing left."
— from How to Retire Happy, Wild, and Free (Over 150,000 copies sold and published in 9 langauges)

"I know a man who gave up smoking, drinking, sex, and rich food. He was healthy right up to the time he killed himself."
— Johnny Carson

"Health is a state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity."
— Constitution. The World Health Organization

"People who don't know how to keep themselves healthy ought to have the decency to get themselves buried, and not waste time about it."
— Henrik Ibsen

The things that are most precious to the human soul are those that are beyond price — integrity, true friendship, health, achievement, reputation, true courage, great character, gratitude, greatness, emotional stability, common sense, self-esteem, creativity, wisdom, spiritual fulfillment, and peace of mind. These can’t be rented, bought, or sold — regardless of how much money you acquire.
— from Life’s Secret Handbook

"Did you ever see the customers in health-food stores? They are pale, skinny people who look half-dead. In a steak house, you see robust, ruddy people. They’re dying, of course, but they look terrific."
— Bill Cosby

"Eat only when you are hungry. Drink only when you're thirsty. Sleep only when you're tired. Screw only when you're horny."
— Al Neuharth

"I'm not unwell. I'm f*cking dying."
— Jeffrey Bernard (to Dominic Lawson of The Spectator)

    Tuesday, August 23, 2011

    Retirement Age - Take Responsibility for It!

    I think that most people have a lot of control of what retirement age at which they retire and start experiencing the joy of not working.

    All they have to do is take 100 percent responsibility for their lives — 98 percent or 99 percent is far too little!

    Taking 100 responsibility means not counting on the government or anyone else for your retirement income.

    This retirement quote applies:

      No organization — government or otherwise — can take great care of you. Organizations aren't capable of this — only you are!"
      — from Life's Secret Handbook
    The key is to save 30 to 50 percent of your income when you make a good income instead of spending it on crap like most people do.

    I didn't start saving for my retirement until I was in my early forties and I will be okay in retirement. The reason is that I saved 40 to 50 percent of my pretax income.

    Here are the two major reasons a lot of British, Canadian, and American retirees don't have enough money for retirement:

      1. Instant gratification takes too long.
      2. A necessity is any luxury the neighbor happens to have.
    Here are some funny retirement quotes and retirement sayings and teacher retirement quotes to keep in mind if you would like a retirement that is happy, wild, and free:

      Denial is Not a Retirement Plan
      — Sydney Lagier

      People who are foolish with money are foolish in many other ways too.
      — Dave Erhard

      Beware of little expenses: a small leak will sink a great ship.
      — Benjamin Franklin

      Retirement Age? For Many, It'll Be 80
      — Headline on Smart Money Website

    Monday, September 27, 2010

    The Business of Writing Retirement Books

    Here is the closing paragraph from an article that appeared in the Oakland Tribune:

      The closing chapter of How To Retire Happy, Wild, and Free by Ernie J. Zelinski (VIP Books, 2010, $16.95) is "Don't Leave This World with Songs Unsung That You Would Like to Sing." The author doesn't stop at new and different experiences but also encourages gratitude for our here and now gifts. He sums it nicely when he points out, "The more gratitude you express for the things you already have, the less you will need or want."
    And here is an excerpt from an article in last weeks National Post:

      "Boomer retirement won’t be happy, wild and free: For those who insist on clinging to the delusion that retirement will be a time of unsurpassed freedom and fulfillment, he [Jim Bacon, who now edits a newsletter entitled The Generational Advisor and author of Boomergeddon] suggests buying instead any of the “happy” retirement titles that abound in bookstores, including one by Canada’s own Ernie Zelinski: How to Retire Happy, Wild and Free . . . In the introduction to Boomergeddon, Johnson warns aging baby boomers that his is a “different type of retirement book.” He suggests that for the “vast majority” of America’s 78 million baby boomers, “retirement will be a bitter pill.”
    These excerpts may help you attain your retirement number so that you can retire happy, wild, and free:

    Here are some quotes about business in case you intend to operate a business in retirement so that you can make your retirement number work out properly:

      Business has only two basic functions — marketing and innovation.
      — Peter Drucker

      Don't go to business school.
      — Paul Hawkin to aspiring entrepreneurs

      Business without profit is not business any more than a pickle is a candy.
      — Charles F. Abbott

      To be a success in business, be daring, be first, be different.
      — Marchant

      My first six years in the business were hopeless. There are a lot of times when you sit and you say "Why am I doing this? I'll never make it. It's just not going to happen. I should go out and get a real job, and try to survive.
      - George Lucas

    Tuesday, September 21, 2010

    Age Is Not a Problem If You Forget How Old You Are

    Here are some quotes about age and getting older that come from the websites Sensational Quotes:

      #1 of Top-Ten Quotes about Age and Aging

      Few people know how to be old.
      - La Rochefoucauld

      #2 of Top-Ten Quotes about Age and Aging

      Why do people write books that say it's better to be older than to be younger? It's not better. Even if you have all your marbles, you're constantly reaching for the name of the person you met the day before yersterday . . . . If you work, you're surrounded by young people who are plugged into the marketplace, the demographic, the zeitgeist; they want your job and someday they're going to get it.
      - Nora Ephron

      #3 of Top-Ten Quotes about Age and Aging

      The idea is to die young, as late as possible.
      - Ashley Montagu

      #4 of Top-Ten Quotes about Age and Aging

      It is not how old you are, but how you are old.
      - Marie Dressler

      #5 of Top-Ten Quotes about Age and Aging

      Wish not so much to live long, as to live well.
      - Ben Franklin

      #6 of Top-Ten Quotes about Age and Aging

      The trick is growing up without growing old.
      - Casey Stengel

      #7 of Top-Ten Quotes about Age and Aging

      I'm old enough to know my limitations and young enough to exceed them.
      - Marv Levy (Unretiring at 80 to manage the Buffalo Bills)

      #8 of Top-Ten Quotes about Age and Aging

      Growing old is mandatory. Growing up is optional.
      - Unknown wise person

      #9 of Top-Ten Quotes about Age and Aging

      Age only matters when one is aging. Now that I have arrived at a great age, I might just as well be twenty.
      - Pablo Picasso

      #10 of Top-Ten Quotes about Age and Aging

      Laughter is pleasant, but the exertion [at my age] is too much for me.
      - Thomas Love Peacock
    More Quotes about Age, Aging, and Getting Older as Well as Retirement Quotes

      Fear not death; for the sooner we die, the longer we shall be immortal.
      - Benjamin Franklin

      Some people think the proper age for a man to start thinking of marriage is when he's old enough to realize he shouldn't.
      — Anon

      Retirement is the beginning of life - not the end.
      - from the international bestseller How to Retire Happy, Wild, and Free