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4 Paths Near-Retirees Should Pursue During a Midlife Crisis
Buying stuff doesn’t buy happiness
The Wall Street Journal posted an article about people blowing through their retirement savings and buying big ticket playthings to allay a midlife crisis. The article uses this as a premise to get you intrigued and then spins off into a piece on financial planning for retirement.
I know plenty of friends who turned 50 and older that go out and buy that car that cost them six figures.
“You only live once!” they cry as they drive away in their luxury car leaving me shaking my head in the cloud of their exhaust.
Unknown to my one friend, the Ferrari he bought had a hairline crack in the engine manifold that would cost him $100k to get fixed.
He sold the car a year later.
Blowing that kind of cash on something that depreciates the minute you drive it off the lot is pretty nuts to me.
Here are some better ideas you can do that require less cash and actually can expand your horizons in those tumultuous years.
Embrace Lifelong Learning
Reading books for an hour a day is a popular hobby that experts recommend to help with mental fitness and defy aging. Another outlet would be to take online…
