Mindful. Intentional. Purposeful. These are the buzzwords of our time—and they make me slightly queasy, with their whiff of self-centered, self-satisfied self-indulgence.On Monday, a moving van will arrive to take my worldly possessions to a house in Philadelphia that, I hope, will be my last. All this has made me ponder what I want from the years that remain. Three items top my wish list:
Help my family. As longtime readers know, teaching my kids about money—and helping them financially—has been an enduring passion. In November, the list of family members I hope to help will grow by one, with the arrival of my first grandchild. Still, I don’t want my financial security to depend on a large, faceless bureaucracy—I can’t imagine many do—which is why I’m heavily focused on the safety net that family can offer. Got a spouse, parents, children and others who you consider close family? You are, I would argue, among each other’s greatest assets and liabilities.
Not inclined to make family loans, help your children fund Roth IRAs, subsize their 401 contributions or provide other direct financial support? Even so, I’d encourage you to ponder the concept captured by the title of this article: Pay it forward.
Who moves to Filthadelphia? 🤢
men who say they want to focus on their grandchildren are sad. they lost their careers or lost their sex drive or both. spend some time, of course, not most of your time on grandkids!
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