DEC. 21, 2019
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Eyes Forward

By Jonathan Clements

“DON’T STOP thinking about tomorrow,” sang Fleetwood Mac. It’s a shame they weren’t financial advisors.

We save money today so that we—or our heirs—can spend at some point in the future. A good tradeoff? I strongly believe that it is, and you wouldn’t be a HumbleDollar reader if you disagreed. Still, during this season of holiday shopping joy, it’s worth reminding ourselves that, yes, we should indeed think about tomorrow.

Living for Today. There are two major reasons to focus on today and, I’ll readily concede, they are compelling. Reason No. 1: It offers the chance for immediate gratification. We get the thrill of spending right away and, perhaps just as important, we don’t have to summon any self-control or ponder alternative uses for the money. We see it, we like it, we buy it. End of story.

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Latest Articles

BELOW ARE the six articles published by HumbleDollar since last week's newsletter:
  • "The confluence of the loss of my spouse and a temporarily disabling injury became the ultimate test of our rainy-day fund," writes Catherine Horiuchi, recalling the period after her husband's death.
  • Want to get more from your career and your money? Michael Falk offers three life lessons.
  • Don't let a pet come between you and retirement—especially if it's a cat, says Richard Quinn. 
  • "His out-of-state work made little sense," recounts Sanjib Saha. "Though his pay was higher, most of the excess was offset by the cost of a second home and travel."
  • The death of a spouse is bad enough, and yet it's often accompanied by a financial hit, notes John Yeigh—thanks to much higher tax rates.
  • If you want your kids to make money, buy them index funds—but if you want to get them interested in investing, let them pick a few individual stocks, says Adam Grossman.
This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its author. It is distributed with the understanding that the author is not engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the author has endeavored to ensure that this newsletter is timely and accurate, the author makes no representations or warranties with respect to the accuracy or completeness of the contents. The author specifically disclaims any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter.
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