Part Eight: How To Always Feel A Sense Of Cash Security
So much of what we discuss in this newsletter comes down to having the luxury of choice.
We want to make financial and, subsequently, life decisions not out of necessity, but by choice. We want a say in the matter.
Having a say in the matter might be the best measure of financial health we never talk about.
This is one reason why—going back to Never Retire checklist item #3—it’s so important to not only accept, but embrace your reality before theorizing, strategizing and implementing concrete methods to address it.
Because most of us choose the Never Retire path not by choice, but out of necessity. It’s crucial to get over the fact that we had this reality imposed on us. It’s crucial to understand how living the semi-retired life now and for the duration can actually be a better life than the one that puts you on the typical trajectory to traditional retirement.
You want everything that comes after having the reality that you’ll Never Retire imposed on you to be a choice (should I buy that coffee?) or decision (should we move to Spain?) where you have a say in the matter.
Where you have the luxury of choice.
Without the luxury of choice, you might not even be able to ask questions like that.
Pretty much everything that follows in this March series deals with setting yourself up financially to have the luxury of choice alongside strategies you can use once you get there.
So, if you haven’t already, now is the perfect time to join as or upgrade to a paid subscription for $5/month or $50/year. Join as a founding member ($100 minimum) and I will convert your subscription to lifetime. So you’ll only pay once, but be set forever.
For as long as I maintain the luxury of choice in my life, I plan on writing this newsletter. So, hopefully forever!
This installment looks at one of the best ways to get to the luxury of choice. It’s about how you allocate and organize your cash flow to cover near- and longer-term needs, wants and desires.
I trace my thinking on and how I have tweaked my pots of money approach to personal finance over the last 2-to-3 years.