Fawcett’s Favorites 11-7-22

Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did.

This week’s favorites include what Pink Floyd knew about living life to its fullest today, cash management in early retirement, scary money facts, five money mistakes to avoid, and what do people fear in retirement.

Happy reading!

I am a music fan but I never listened closely to Pink Floyd’s music. That is until I read Accidental FIRE’s article on The Fallacy of Preparing for Life. After hearing the profound lyrics of Pink Floyd’s song ‘Time,’ from their epic ‘Dark Side of the Moon album, I wished I had listen closely to their work before. They had a great grasp on the notion of living for the day and not postponing all your living for after you retire and I believe they were in their 20’s when they wrote this. This was a great eye opening article. 

One of the biggest worries about retirement is running out of money. So how do you go from years of accumulation to spending the money in the bank? Most of us are uneasy about this part. I was very worried when I retired that I would have the cash flow to live the life I wanted. It turned out I did, but that didn’t lessen the worry at first. Now I am very comfortable in believing my money will outlast me. Accidentally Retired went through the same issues and shares with us how they solved it with the article  Cash Management in Early Retirement. How do you plan to manage having enough cash when you retire?

Sometimes nothing is scarier than the facts. It is hard to argue with the facts. How Much is that in Tacos shares with us Thirteen Scary Money Facts to Scare You Straight. I didn’t like hearing the 75% of Americans are in debt and #8 is a very scary fact that makes it seem impossible for anyone to retire. You must overcome that one if you every want a happy retirement. Which of these facts bugged you the most?

Everyone want to avoid making mistakes, but we will all still make them. The object is to minimize the number of mistakes and the effect they will have on us. Chasing the Fionist Dream helps out by sharing Five Money Mistakes to Avoid. Number four is the most important one for physicians to avoid. If we can avoid making that mistake, we can have a very nice financial future. 

There are many things to fear when one retires. I had several fears; will my money last, can I live like I want, will I miss surgery, will I get bored…… FiPhysician shares with us a list of What People Fear in Retirement. What do you think you will fear? 

I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.

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