Caught up with someone last night we hadn’t visited with for 5 years. Over the years whenever we’ve talked, I would come away from those conversations feeling like I’d been interrogated. (And judged.)
Last night was no exception,
Since it had been five years, there was a lot we caught up on….
Another grand child on the way, my good health compared to my peers in construction, honey bees, wife’s involvement with hospice work, personal debt, the normal every day stuff you might expect…
At some point, the topic of conversation came around to retirement, She’s looking forward to retiring this Spring. Where was I at with all that? The pro’s and con’s of drawing social security early?
And that is when that sense of having to justify myself, rather than just catching up for catching up’s sake kicked in….I could hear that familiar slightly judgmental tone in her voice.
But this time it was different.
We were talking about me wanting to take an active roll in how we handle these choices, rather than turn it over to an expert. Our accountant has been a lot of help, because that stuff is always changing..but other than that, I am very interested in personal finance.
Side note… I think with a little more education, I would make a great financial planner. JMHO 😉
I said ,”Listen, It is not rocket science. Years ago, I picked up a book called Sound Mind Investing, that is what’s next after getting out of debt. It was highly recommended by Larry Burkett (Pre- Dave Ramsey/ Mary Hunt/ get out of debt guru’s) )… At the time, Larry, said a person needs to be thinking about goals after getting out of debt, or there is a good chance you’ll go right back where you started if you don’t….”
(So the Sound Mind Investing book, has been sitting on the shelf for at least 10 years, as we’ve moved in the direction of getting debt free, and in the last several months I have been rereading it again. (I ordered the updated copy which I would highly recommend if you’re at all curious about this topic)
I then rattled off a handful of other things that gave me confidence I have some sense of what we’re doing….
I have been talking with our tax guy.
The fact that my construction business is a Sub chapter S, gives us way more options.
The fact we home schooled the kids for 9 years, gives me confidence I have the ability to learn something new, and do it well.
I talked to her about our risk tolerance when it comes to money management (neither one of us are risk takers), so we’re not doing this blindly.
And finally, I said, “Well, check back in 10 years and ask me how it went.” 🙂
I love the confidence that has come with getting older.