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For August 27th from The Journey: A Calendar Book, Allen James writes:
"Save for your golden years" (James, 2012).
Hum.....when exactly are those "Golden Years" these days? Great question. Regardless, the lesson here is SAVE when possible. In today's world this has become more and more difficult to do. We have been told by "financial planning experts" we should ALWAYS have 6 months of employment pay put back for "emergency funds". For most of us EVERY day is an emergency. Six months of our income would be laughable for the majority of us. I know it would be impossible for me to put back 6 months of my monthly income for "emergency funds". Most of us barely have enough left after expenditures to buy necessities.
With retirement becoming an ever more elusive DATE on our calendars, saving for it seems futile. I am reminded of the myth telling of King Sisyphus who is damned by Zeus to roll a boulder up a hill and then let it roll down the other side JUST to have to do it again, for eternity. This is what the majority of us feel we do day in and day out; work our lives away just to do it day in and day out, and for what? A retirement in our "Golden Years" which does not exist in the 21st century?
Those "Golden Days of Retirement" are history. The retirement we may have witnessed our grandparents or our great-grandparents enjoy are gone forever. Many can't even depend on the pensions to which they paid in for years, POOF....they're taken away with little or no explanation. So how can we save.
Several years ago I heard on a radio program where an individual stopped paying for items with dollar bills. Over 8 years he had accumulated over $30,000. I started at full throttle; only paying for daily spending with $5, $10, or $20 bills, never spending a $1. Over 4 years of this I had accrued $8,000. There was a need for the savings and it was there, thankfully. Wise task if it can be accomplished. Might try it again.
One way to begin putting back or saving money includes the 52 Week Challenge: Here's how it works:
For example, there are 52 weeks in a year. So each week you deposit the number of the week that we are in a savings account. For example this is the 1st week of 2013, so you will deposit $1.00 into your savings account. Next week will be Week 2, so you will deposit $2, and so on. The biggest amount you will deposit is $52.00 and that will be the very last week of 2014. Now isn’t that simple and easy?! There’s no club to join, no pyramids, meetings, schemes, none of that crap that “Ain’t Nobody Got Time For”! You are investing in yourself! I’m going to do it and I’m excited about. This is the year where we have to put the time and work in so that we can have different results. I don’t want to get to the end of this year and can’t see, feel, or be the change in the words of LaTrice Pace.
(allthingmw.com)
We have been urged to be good stewards of our money. Personal success depends on our being wise about all things in our lives.
Save for your golden years, and as always, keep looking up. : ) AJ
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