I Ain’t Buyin’ It.
Billy and Akaisha KaderliBanks are closing, and unemployment's up. We have record foreclosures and sky-high gas prices. Everywhere we turn, there's gloom and doom -- on the newspapers, the nightly news, radio … every media outlet is full of these stories.
Retirees are concerned. And if that gloom and doom was my only source of information, we might be concerned, too.
But frankly, that baloney is sliced way too thin, and we ain't buyin' it.
The cup half full
In addition, how many people do you personally know who currently have their homes in foreclosure? I have done informal surveys of friends and acquaintances, and no one has direct knowledge of anyone in this predicament. Yet the media can't stop talking about all of these hard-luck stories.
No doubt some people are in over their heads and should not have qualified to purchase homes in the first place. But even as default rates increase, only a small minority of America's homeowners are having trouble making their mortgage payments.
Meanwhile, we've been through this before. The savings-and-loan crisis of the 1980s wasn't pretty, but real estate recovered. Enron fell apart, and stocks eventually hit bottom but recovered strongly. Airlines have had plenty of financial trouble in the past, yet through bankruptcy and consolidation, they always seem to keep flying.
People are still spending
So if you're retired, about to retire, or just dreaming about retirement, know that the world isn't coming to an end. If you're still nervous, take these four pieces of advice:
We've all survived scenarios such as this before, and we'll survive this one just fine. So turn off the talking heads and enjoy your life. There's a lot more to it than gloom and doom.
About the Authors
Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance and world travel. With the wealth of information they share on their popular website RetireEarlyLifestyle.com, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible.
For more information about financial independence and travel, visit our book store
Billy and Akaisha continue to journal and photograph their world travels.