In a world of biweekly paychecks and monthly billing cycles, it’s easy to let your perspective shrink to 30 day increments.
- Mortgages are paid monthly
- Utilities bill every 30 days
- Credit cards come due 12 times a year
The monthly bank statement tells you how you did that month.
But that view is incredibly short-sighted.
Your working life isn’t everything
Most of us don’t work for our entire lifetimes. Your financially productive years may be only half of your lifespan.
There’s growing up and getting an education; there’s a working life; then there’s old age.
And the money we manage in that middle slice of life usually determines how well we live at the end of our lives.
If you expect to inherit a fortune from short-lived relatives, you can stop reading here.
For the rest of us, let’s keep thinking. [Read more…]