Earlier this week we went to see a financial adviser….
I hate anything that has to do with money. I don’t care about money…I don’t care how much, how little…all of it I don’t care about at all.
I want enough money for us to live…nothing fancy. I want to be able to sew, eat, sleep, go out to eat twice a month and afford a bottle of cheap wine. Other than that, I don’t care if I wait 10 weeks to get my hair cut and trim the bangs myself. I don’t care if my clothes come from thrift stores….I don’t care if we don’t decorate fancy or have high end appliances. We never buy appliances just to upgrade. In fact, our washer and dryer don’t match because when the washer died, I couldn’t convince Hubby to get rid of our 12 year old dryer too. Ours are actually shot before we replace them. I like this life and am perfectly happy with it. Honestly, I hate money…it’s just a necessary evil.
I also hate sales people…well at least most of them…this guy was actually okay. But on whole, I don’t trust them. Everything they say, I am busy second guessing.
So needless to say, going to a financial adviser is worse than going to the dentist for me. Yet it was me that suggested it.
Hubby is 51..I am 47. We aren’t getting younger and looking at retirement is important whether I want to or not. I don’t want any lavish things in retirement but I do want to shop at the thrift stores, get my hair cut every 10 weeks, sew, eat and sleep…so that means even to afford that, we need to look at our retirement.
Things that are improbable, unpredictable and guestimations, just frustrate me. Is Hubby going to die in two years..then what? Are we both going to live to be 100…then what? Am I going to die in a car accident tomorrow…then what? then what? then what? then what?
Well Hubby and I have never cared about money so that was bad. I was a stay at home mom so that was bad (financially speaking-limited social security if there is that and no retirement account from a job). Hubby’s work didn’t start a retirement account until about 10 years ago so that was bad. Then the money we do have is in CDs also bad….bad, bad, bad. We only be 1% return on those yet the cost of living rises 3% annually. How was I living so happily when everything was actually bad?? Oh, that’s right, I don’t care about money…
Well according to the financial adviser we need over a million dollars to retire and live like we are today….GREAT!?!?!? I would hate to see what all those people who are living lavishly in fancy homes, with fancy cars, who have fancy wardrobes and vacation regularly need. I just want my plain, simple life and I need over a million dollars.
The good news is that the kids are almost gone and their expenses outside of a little college help here and there, are almost over. Hubby and I will both happily work as long as we can because we love our jobs. We don’t live extravagantly or have a desire to live that way. We also have a good chunk of savings in place, just not a million dollars…that’s the plus side.
In all the “what if” circumstances, I don’t fair well. Hubby however does. If something would happen to him, I would have to move and buy a house. That really throws a wrench into everything because then not only do I need money to retire, I have to dip into that money to buy a house. We have less life insurance on me…he’d still make income off my website… For me, it wouldn’t be good. Do-able but very scrimpy.
I don’t write about this to air our personal finances. I write to let all of you who are sticking your head in the sand like we were, that it might be a good idea to talk to a financial adviser so you can think about all the unlikely and improbable so that you are safe and prepared.
In the end, I came to two conclusions. I need to focus more on putting my energy towards work that maximizes my income earning potential. I have about four part time jobs and although that’s fun, I need to probably eliminate one just so I can be more focused and maximizes the other three. It is also time for me to start caring a little more about money whether I want to or not.