The most valuable email you’ll read for yourself and your kids in a few MOMENTS per week.
I’ve been posting more Shorts on YouTube. I am in the process of recording some longer videos as well. They’re coming soon! Let me know if there are any topics you’d like me to cover in Shorts or longer videos.
How much money will you have when you die? That’s not something we often think about, but it’s something to consider. There’s a lot of information out there… from the 4% rule… to the entire idea of leaving of legacy to your kids… to books like Die With Zero… you’ll get different answers. All that matters is that you actually know how much you plan to leave. Most retirement advice shows you how to live off your nest egg and die with roughly the same-size nest egg you started with, but that could put you working for decades after you need to. It’s something to think about. This article will help with that decision.
Jim Rohn was one of the greatest personal-development teachers of our time. His seminars were expensive. It could cost hundreds of dollars to see him in person when he spoke. Thankfully, you can see his entire 4-hour seminar on how to have your best year ever right on YouTube. I’ve watched it a few times. Pure gold.
There’s a popular meme out there that says, “The only people who will remember how late you worked are your kids.” That hit me hard the first time I saw it. It’s true. Staying late at the office may earn you a few more dollars or make you look like a hard worker, but what are you working so hard for? To provide for your family? I promise they want you much more than they want your money. I have to tell myself this as well.
While we’re on the subject of not working your life away, there is a great book that comes to mind. Take Back Your Family by Jefferson Bethke is all about setting healthy priorities in your life. He offers a unique perspective on family life. You may recognize him from his viral video, Why I Hate Religion But Love Jesus – another great resource.
Talk to your kids about how student loans work. Discuss college and remember that it’s not for everyone. Student loans are often preached like car payments as “unavoidable expenses.” In reality, neither has to be. Our kids need to understand how student loans work, how long it will take to pay them off, and that they aren’t a must-have in life. As I’ve said before, college isn’t for everyone, despite what the schools are teaching. And trade schools are a real option as well. But if traditional college is for your child, student loans aren’t the only way. Scholarships, paying as they go, and the military are three great options that are overlooked by so many parents and children. While there are some student loan forgiveness programs, in general, student loans are the one thing that never goes away, even after bankruptcy is declared. Sure, it’s possible to get rid of student loans in bankruptcy, but it’s difficult, and I’ve never seen it work. And I’ve seen a lot of bankruptcies.
When you visit another country, you can often use your credit card at most places (if you use credit cards). But some countries still use a lot of cash. For example, when I was in Australia earlier this year, everyone accepted cards. However, my time in Bulgaria and Romania were quite different. Either way, when it’s time to come home, you may still have some cash left over. Instead of paying crazy exchange fees, try loading your remaining cash onto a gift card for a place you visit regularly, like Starbucks or even Amazon. Most countries have stores with loadable gift cards. Then you can use those gift cards in any country with that store, or online at sites like Amazon.
“Even though I walk through the valley of the shadow of death, I will fear no evil, for you are with me; your rod and your staff, they comfort me.”
Are you focusing on being happy and satisfied? Try turning your focus to being grateful and thankful for what you have. Then happiness will become the by-product.