Practical Lessons for Your Financial Life (Collection)

Paying Later

There are some investors who are just not comfortable paying a price now for future goals. Investors whose family members have died at an early age may think they too have a short life expectancy. Investors whose health is not good may think, “I’ve always wanted to have a vacation home, and I’m not going to wait any longer. I don’t see the point in holding out for the future.” Investors who feel that they’re going to work for a very long time sometimes don’t feel they need to save now. They say, “I’m never going to retire. I enjoy what I do, I’m going to work forever, and I’m always going to have income. There are a lot of things I’d really love to do. I’m going to do them now, and if I need something later I’ll pay for it then.” ...