Remember when going to the movies was not as expensive as it is today? For example, I remember going to the movies as a teenager and spending $5 total (for 2 people)! Now I can’t even get into a matinée for that. Let alone get popcorn and a soda pop.
How bad is it now? On a night a few weeks ago Eden, the kids and I went out to a movie. $15/ticket plus sodas, popcorn and a bag of skittles… $100!
Now I am not going to bore you with the Compound Interest Exercise. But if you want to see it, here is a good reference Compound Interest Exercise.
Now what can I pass along from this exercise? Enjoyment, I believe in the value that is garnished from the experience of spending time with our family. As important, it is a grand reminder of how important it’s to save for the future.
These are my biggest takeaways.
We take our kids, grand kids to the movies often and that is great, but we should really be inviting them to think of the need for a learned behavior, the behavior of savings.
What cost $100 today is sure going to cost more in 40 years when they, too, have their own family.
Our wealth preservation and income for life strategies address this and many more scenarios that are sure to crop up later in life.
While you may want to be able to take your kids or grand kids out to a few memories-capturing moments, travel the world, donate your wealth to charity or don’t want to work for the rest of your life; the reality is that doing those things requires solid planning.
The best advice you can get is from a fiduciary, a person who clearly puts your financial interests and goals first. A game plan is what is all about that is what we do!
Find out more information about how we can help you achieve your goals here: Our Site. or give our office a call at 206.528.2001 Ext. 111 and schedule your “2nd Opinion” appointment.