You’ll shoot your eye out!
“Glory is fleeting, but obscurity is forever.”
– Napoleon Bonaparte
As some of you may know, I recently became a contributor to U.S. News and World Report. My first article appeared, and in my mind, I replayed the scene in the movie A Christmas Story where Ralphie’s theme on the Red Ryder bb gun is so well-written that the entire class celebrates and parades him around the classroom. If only I had added the bit about “this thing which tells the time” to the article, I’d have won a Pulitzer Prize.
I wasn’t showered with accolades by the Nobel Prize committee. Alas. Perhaps next month.
Where Else Can You Read What I’ve Written?
U.S. News & World Report: President Obama Could Manage His Personal Finances Better
Yahoo!: Should You Opt for Individual Health Care Rather Than Employer Provided Health Care?
Yahoo!: How We Went From Cable to Netflix Streaming
Swapel’s four-part “Side Gigs and Real Options” series:
- Part 1 – Your Side Gig: Why Start?
- Part 2 – Your Side Gig: The Options You Create
- Part 3 – Your Side Gig: Getting Value for Yourself
- Part 4 – Your Side Gig: Worth More Than Money
Corporation Wiki: Build Your Business to Finance Your Apocalpyse Fund
EasyFinance: Why You Don’t Need Whole Life Insurance for Your Infant
Were these articles useful to you? Is there something you’d like to see me write about? Tell me about it in the comments below!
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I retired 3 years ago at age 56 and often read articles on retirement like the one you wrote. While I agree with 2 of your 3 retirement mistakes in your article, “Don’t Make These 3 Retirement Mistakes”, your first point, not to include your house as an asset, should be explained differently. Basic accounting says that your house is an asset. Net worth by definition is the difference between your assets and liabilities. To quote your article, “I often hear people describe their net worth in a conversation like this: “I have a $200,000 house and $800,000 in investments, so I have a net worth of a million dollars.” Assuming this person has no liabilities, this is a correct statement. The easiest fix, but not the best, is to say liquid assets rather than net worth.
Hi, Michael–
First, congratulations on your retirement! You’re way ahead of the curve! Do you take part in the forums at http://www.early-retirement.org? I imagine you would find a bunch of like-minded people over there – the ones who answer the question “so, what do you do all day when you’re retired?”
I did a follow up article at U.S. News & World report which further explained my thinking, inspired by you and a couple of people who e-mailed me (as well as hordes of commenters on Yahoo Finance when it was picked up there). Take a look and see what you think.
Here’s the article: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/09/05/should-you-include-your-home-in-your-net-worth
Thanks for taking part in the discussion!
Jason