1. Roughly half of all working Americans don't participate in a retirement plan or don't have an employer-sponsored plan in which to participate.

2. A huge number of adult Americans - by one estimate 150 million of a potential 200 million - aren't saving for retirement in any meaningful way, if at all.

3. Dave Ramsey, a personal-finance expert and talk-radio host, cited a recent poll in which 80 percent of Americans said they believed their standard of living would go up at retirement.

4. "Our culture today tells us that we deserve to have everything we want because we can charge it," Dave Ramsey says. "Previous generations thought you could only have something if you could pay for it. Their lifestyles were much simpler, and retirement was a time to simplify even more."

5. Many Americans are counting on Social Security for their retirement. Social Security, however, stands on unstable financial ground.

6. The average total income for those 65 and older in America is $25,610, and the median is a meager $16,770, according to EBRI Notes, a publication of the Employee Benefit Research Institute. That means retirees are living on roughly one-third of their pre-retirement incomes. And that's a far cry from the 70% to 80% that income replacement experts suggest Americans need to maintain their pre-retirement standards of living.

7. Most Americans spend more time planning for vacations and holidays than planning for their retirement, according to the Employee Benefit Research Institute.

If you are one of the fools that don't want to retire early, see:

9 Surefire Strategies NOT to Retire Early

1. I think all I need is a lot of money to be happy in retirement.

2. I don't think there is any more to retirement than being able to watch a lot of TV, being able to go to the casino a lot, and being able to sleep when I want to.

3. I have read another retirement book already and I didn't like it.

4. I am in the retirement industry and although I will likely learn a lot from this book, I am envious of the fact that it has sold over 85,000 copies and been pubished in 7 foreign languges. (In fact, I know that if this book has been this successful, it is a great book - I wish I would have written it.)

5. I find it uncomfortable to read books that challenge my beliefs even though deep down I know that people who challenge my beliefs are often right and can offer me a lot of wisdom about how to live happy, wild, and free.

From Derek Gehl:

Are YOU A Serial "Get Rich Quick" opportunity seeker?

Some time ago, I read a study that said a whopping 21% of Americans see winning the lottery as an important wealth uilding strategy.

And another 14.9% are relying on an inheritance to carry them through.

Let's see if I've got this right:

The odds of winning the Mega Millions Jackpot are said to be one in 175 million.

And of the 20% of Americans who will inherit something, most will receive less than $49,000. Enough to buy a nice new car, but certainly not enough to fund a carefree etirement.

Yet here are literally millions of people relying on gambling and death to secure their financial futures.

Now you might scoff at hese folk.

It seems ridiculous, right? But before you start acting all smug, let's see if YOU are really all that different.

Ask yourself:

1. Are your bookshelves jam-ppacked with dusty business and sales training guides you've never actually read?
2. Do you attend multiple seminars each year, and make big purchases at every one?
3. Have you ever bought a "business-in-a-box" kit, only to abandon it weeks later?
4. Have you ever bought a pre-built, online store for $3,000-$15,000 that never made a dime?
5. Have you invested $1,000s in training, but never generated a single sale with a website?
6. Do you find yourself hiding credit card statements from your spouse?
7. Do you find it difficult to focus on just ONE of your endless business ideas?

. . . . If you've answered "yes" to any of the above questions, I'm sorry to say you may ALREADY be living he life of a serial "get-rich-quick" opportunity seeker.

From Seth Godin:

1. Why do many people struggling financially end up using an expensive check cashing service when the bank right next door will let them have a checking account for free?

2. Why do customers fall for slick come ons or fancy financing instead of buying what's best for them?

The price of wine-from The Globe and Mail - Social Studies-Jan. 5, 2006

In restaurants, many people order the second-least-expensive wine on the list, reports Money magazine. They don't want to spend a lot, but they don't want the absolute worst pick. "The problem with using price as a sign of quality is that the cost of a bottle is often influenced by factors that have nothing to do with whether you'll actually enjoy drinking it. For one thing, people buy expensive wines as a way of demonstrating sophistication and wealth."

1. According to a recently released Statistics Canada study, almost half of Canadian households spend more than their pretax income in a given year. That's up from 39 per cent in the early 1980s. From 1982 to 2001, the study found, per capita debt doubled, because of sharp increases in both mortgages and consumer debt.

2. 67% of Canadians say money is their most frequent worry.

3. Only 40 percent of Canadians know how many millions are in a billion.

4. Still worse, only 25 percent of Canadians know the difference between the National debt and National deficit.

5. According to Desjardins Financial security's latest retirement study, many Canadians are not prepared for the challenges retirement can bring. They are failing to consider a variety of factors and risks that can have an impact on the yield and longevity of their savings, such as inflation, rising life expectancies and healthcare costs. Nearly 60% of those surveyed are not concerned about having a large enough nest egg to sustain their standard of living in retirement. More than 80% have not eliminated their consumer debt in retirement and even more are not concerned about paying off their mortgages (88%). And more than half are not worried that inflation will erode their savings.

Note: See the resources below for some great quotations about retirement:

• Investing and Spending Your Money Wisely in Retirement
• Importance of Money in Retirement
• Where to Retire
• Statistics about Retirement
• Jobs During Retirement
• Retirement Dinner Speeches on The Retirement Speeches Café

Money will appear when you are doing the
right thing in your life.
- Michael Phillips

I believe that the power to make money is a
gift from God.
- John D. Rockefeller

Rise early. Work late. Strike oil.
- J. Paul Getty

Money is the seed of money, and the first
guinea is sometimes more difficult to acquire
than the second million.
- Jean Jacques Rousseau

It's no trick to make a lot of money, if all you
want is to make a lot of money.
- Everett Sloane in the movie Citizen Kane

There is hardly anything in the world that
some man cannot make a little worse, and sell
a little cheaper.
- John Ruskin

To be clever enough to get a great deal of
money, one must be stupid enough to want it.
- George Bernard Shaw

Americans have mastered the art of being
prosperous though broke.
- Billy Boy Franklin

Americans want action for their money. They
are fascinated by its self-reproducing qualities
if it's put to work . . . . Gold-hoarding goes
against the American grain; it fits in better with
European pessimism than with America's
traditional optimism.
- Paula Nelson

Americans don't spend billions for
entertainment. They spend it in search of
entertainment.
- Samuel Johnson

Americans have always been able to handle
austerity and even adversity. Prosperity is
what's doing us in.
- James Reston

The American Dream is really money.
- Jill Robinson

What's Truly Free in Life

The term free money is searched 1,865 times a day and the term free cash is searched 967 times a day. Clearly, many people still believe in getting money for free. If not perhaps, a free lunch.

Someone once said that a free lunch isn't worth what you pay for it.

Some Canadians seem to believe in free things if not in free money. Polling firm Ipsos-Reid asked 1001 Canadian adults what they thought was free in life. Their responses:

* nothing (33 percent)
* the air we breath (18 percent)
* love and friendship (13 perent)
* happiness and smiles (6 percent)
* thought (3 percent)
* freedom of speech (2 percent)
* advice (1 percent)

To these we can add the word of Plautus: "The day, water, sun, moon, night ... I do not have to purchase these things with money."

Many Retirees Face Debt

In Britain, borrowers approaching retirement owe four times more in debts than ten years ago, according to a recent study.

The research, conducted by Barclays Bank and Help the Aged, found one in four people approaching state retirement age have outstanding consumer credit commitments - and owe four times as much as their counterparts did ten years ago.

David Sinclair, Help the Aged head of policy, said: "This report shows there are some worrying trends in credit usage that could represent a debt crisis for those coming up to retirement.

"We know from working with older people suffering from chronic debt problems that even owing a relatively small amount of money can cause untold misery for those living on a fixed income."

The report found half of households headed by someone in their 50s, one in eight over 60s (over 1.5 million) and four per cent of people aged 80-84 (about 60,000) are still repaying a mortgage.

Benjamin Franklin's Advice about Money

Here is something written by Benjamin Franklin that relates to money management. If more people followed this strategy they would not have a problem with their finances in their retirement.

"When I was a child of seven years old, my friends, on a holiday, filled my pocket with coppers. I went directly to a shop where they sold toys for children; and, being charmed with the sound of a whistle, that I met by the way in the hands of another boy, I voluntarily offered and gave all my money for one. I then came home, and went whistling all over the house, much pleased with my whistle, but disturbing all the family. My brothers, and sisters, and cousins, understanding the bargain I had made, told me I had given four times as much for it as it was worth; put me in mind what good things I might have bought with the rest of the money; and laughed at me so much for my folly, that I cried with vexation; and the reflection gave me more chagrin than the whistle gave me pleasure. This however was afterwards of use to me, the impression continuing on my mind; so that often, when I was tempted to buy some unnecessary thing, I said to myself, Don't give too much for the whistle; and I saved my money."

BENJAMIN FRANKLIN, letter to Madame Brillon, November10, 1779. - The Works of Benjamin Franklin, ed. Jared Sparks, vol. 2, p. 181 (1836)

See Importance of Money in Retirement

Top 10 Reasons to Buy and Read How to Retire Happy, Wild, and Free

1. You are ready to claim your freedom from corporate life.

2. You want to follow your retirement dreams instead of someone else's.

3. As a spiritually and highly evolved human being you know that how to enjoy life to its fullest is much more important for creating an active, satisfying, and happy retirement than how much money you have saved.

4. Many retirement columnists and retirement seminar presenters have ranted and raved about this book. For instance, retirement columnist Nancy Paradis of the St. Petersburg Times in Florida advises, "Get this book if you look forward to a retirement with 'zing.' "

5. With it's great title and the inspirational subtile, this book makes the perfect gift for the soon-to-be retired friend or for the person retiring at the office.

6. You agree that "Retirement is the beginning of life, not the end."

7. You have put money in proper perspective so that you don't need a million dollars to retire.

8. You want to generate great purpose in your entire retirement life with meaningful, creative pursuits.

9. You like finding extremely useful information about retirement such as The Get-a-Life Tree that you won't find in any other book, but which is acclaimed by people who have read How to Retire Happy, Wild, and Free.

10. Above all, you want to make your retirement years the best years of your life.

Over 95,000 Copies Sold
Published in 7 Foreign Languages

Purchase How to Retire Happy, Wild, and Free on Amazon.com before you submit your retirement letter with this direct link:

How to Retire Happy, Wild, and Free on Amazon.com

Visit one of Ernie Zelinski's Other Blogs:

Ernie Zelinski's Redroom Blog

Ernie Zelinski's Blog on Morgan James Publishing

Check Out The True Spirit of Mother's Day

Ability to Make Money

Money will appear when you are doing the right thing in your life.
- Michael Phillips

I believe that the power to make money is a gift from God.
- John D. Rockefeller

Rise early. Work late. Strike oil.
- J. Paul Getty

Ability is the poor man's wealth.
- Matthew Wren

He that hath a trade, hath an estate.
- Benjamin Franklin

It's no trick to make a lot of money, if all you want is to make a
lot of money.
- Everett Sloane in the movie Citizen Kane

Add little to little and there will be a great heap.
- Ovid

How easy it is for a man to die rich, if he will be contented to live
miserable.
- Henry Fielding

Great abundance of riches cannot be gathered and kept by any man without
sin.
- Erasmus

Taking it all in, I find it is more trouble to watch after money than
to get it.
- Michel de Montaigne

The best way to attract money, she had discovered, was to give the
appearance of having it.
- Gail Sheehy

Money is the seed of money, and the first guinea is sometimes more
difficult to acquire than the second million.
- Jean Jacques Rousseau

There is hardly anything in the world that some man cannot make a
little worse, and sell a little cheaper.
- John Ruskin

Money will come if we seek first the Kingdom of God - the rest will
be given.
- Mother Teresa

It takes money to make money.
- Unknown wise person

Money clones money.
- Richard Koch

Get what you can and keep what you have. That's the way to get rich.
- Scottish proverb

To be clever enough to get a great deal of money, one must be stupid
enough to want it.
- George Bernard Shaw

Abundance and Money

Your prosperity consciouness is not dependent on money; your flow
of money is dependent upon your prosperity consciousness.
- Louise L. Hay

Even if you don't have any money, you can create for your mind the reality that what you do have is overwhelming abundance.
- Anxiety Culture

Abundance isn't a matter of acquiring how much money you desire; it's a matter of being happy with how much you presently have.
- Unknown wise person

Your wealth can only grow to the extent you do.
- T. Harv Eker

Always leave enough timie in your life to do something that makes you happy, satisfied, even joyous. That has more of an effect on economic
well-being than any other single factor.
- Paul Hawken

The more we learn to operate in the world based on trust in our intuition, the stronger our channel will be and the more money we will have.
- Shakti Gawain

Money flows through our lives just like water - at times plentiful, at times a trickle. I believe that each one of us is, in effect, a glass, in that we can hold only so much; after that, the water goes
down the drain. Some of us are larger glasses, some of us smaller, but we all have the capacity to receive plenty more than we need when we allow it. When you make an offering, the glass will be filled again and again and again.
- Suze Orman

Advice from the Rich

Many an optimist has become rich by buying out a pessimist.
- Robert G. Allen

The rich don't work for money.
- Robert T. Kiyosaki

The man who tips a shilling every time he stops for petrol is giving
away annually the cost of lubricating his car.
- J. Paul Getty

Never pay the slightest attention to what a company president ever
says about his stock.
- Bernard Baruch

The only time to buy these is on a day with no "y" in it.
- Warren Buffett

Paying attention to simple little things that most men neglect makes
a few men rich.
- Henry Ford

Alimony

The wonderful thing about alimony . . . you lose a husband, you get
a car.
- from the movie What Lies Beneath (2000)

Alimony is always having to say you're sorry.
- Philip J. Simborg

You never realize how short a month is until you pay alimony.
- John Barrymore

The claim for alimony ... implies the assumption that a woman is economically
helpless.
- Suzanne Lafolette

Alimony: A gambling debt:
- Unknown wise person

Alimony is the high cost of leaving.
- Unknown wise person

Bounty after the mutiny
- Johnny Carson

Alimony is like buying oats for a dead horse.
- Arthur "Bugs" Baer

Americans and Money

Americans want action for their money. They are fascinated by its
self-reproducing qualities if it's put to work . . . . Gold-hoarding
goes against the American grain; it fits in better with European pessimism
than with America's traditional optimism.
- Paula Nelson

Americans don't spend billions for entertainment. They spend it in
search of entertainment.
- Samuel Johnson

As one digs deeper into the national character of the Americans, one
sees that they have sought the value of everything in this world only
in the answer to this single question: how much money will it bring
in?
- Alexis de Tocqueville

Seeing is believing, and if an American success is to count for anything
in the world it must be clothed in the raiment of property. As often
as not it isn't the money itself that means anything; it is the use
of money as the currency of the soul.
- Lewis H. Lapham

There is a strange and mighty race of people called the Americans
who are rapidly becoming the coldest in the world because of this
cruel, maneating idol, lucre.
- Edward Dahlberg

Americans have always been able to handle austerity and even adversity.
Prosperity is what's doing us in.
- James Reston

Americans have mastered the art of being prosperous though broke.
- Billy Boy Franklin

The American Dream is really money.
- Jill Robinson

Annuities

Buy an annuity cheap, and make your life interesting to yourself and
everybody else that watches the speculation.
- Charles Dickens

Aristocracy and Money

Nobility is nothing but ancient riches.
- John Ray

A fully equipped duke costs as much to keep up as two Dreadnoughts,
and dukes are just as great a terror - and they last longer.
- David Lloyd George

Nothing is quite so wretchedly corrupt as an aristocracy which has
lost its power but kept its wealth and which still has endless leisure
to devote to nothing but banal enjoyments.
- Alexis de Tocqueville

I would rather have my people laugh at my economies than weep for
my extravagance.
- Oscar II of Sweden

Artists and Money

An artist is never poor.
- from the movie Babette's Feast (1987 - Danish)

There's no money in poetry, but then there's no poetry in money, either.

- Robert Graves

A primitive artist is an amateur whose work sells.
- Grandma Moses

Only sick music makes money today.
- Nietzsche (1844-1900) in 1888

They're only puttin' in a nickel
And they want a dollar song
- Melanie Safka (from her song called The Nickel Song)

Marry money.
- Max Shulman's advice to aspiring authors.

The opera always loses money. That's as it should be. Opera has no
business making money.
- Rudolf Bing

The notion of making money by popular work, and then retiring to do
good work, is the most familiar of all the devil's traps for artists.

- Logan Pearsall Smith

The artist is a member of the leisured classes who cannot pay for
his leisure.
- Cyril Connolly

I had a private income - the young artist's best friend.
- P. G. Wodehouse

If it sells, it's art.
- Frank Lloyd

Bachelors and Money

He [the single man] is less likely to be promoted at work and he is
considered a poor credit risk.
- Germaine Greer

The rich bachelor who dines out every evening is what is called a
society man; the same poor [bachelor] is a sponger.
- Charles Nairey

It is a truth universally acknowledged, that a single man in possession
of a good fortune must be in want of a wife.
- Jane Austen

Rich bachelors should be heavily taxed. It is not fair that some men
should be happier than others.
- Oscar Wilde

Bad Money

Bad money drives good money out of circulation.
- Henry Dunning MacleodA

As a

Banks and Bankers

Is it a bigger crime to rob a bank or to open one?
- Ted Allan

A bank is a place where they lend you an umbrella in fair weather
and ask for it back again when it begins to rain.
- Robert Frost

I sincerely believe . . . that banking establishments are more dangerous
than standing armies, and that the principle of spending money to
be paid by posterity, under the name of funding, is but swindling
futurity on a large scale.
- Thomas Jefferson

What is robbing a bank compared to founding a bank.
- Bertolt Brecht

Put not your trust in money, but put your money in trust.
- Oliver Wendell Holmes, Sr.

Barriers to Getting Rich

A man can't get rich if he takes proper care of his family.
- Navajo proverb

Rich people focus on opportunities. Poor people focus on obstacles.
- T. Harv Eker

I always knew I was going to be rich. I don't think I ever doubted
it for a minute.
- Warren Buffett

Bastards and Money

Money makes a bastard legitimate.
- The Talmud

Everything worth having is either owned by bastards or the descendants
of bastards.
- Gregory Nunn

Poor people send their children to school to be bastards. Rich people
teach them at home.
- Gerald Barzan

You have to be a bastard to make it, and that's a fact. And the Beatles
are the biggest bastards on earth.
- John Lennon

Being Broke

I am having an out-of-money experience.
- Unknown wise person

If you're wondering if you have enough money to take the family out
to eat tonight, you don't.
- Arthur Bloch

Broke is relying on a cash advance on your credit card to pay the
rent or mortgage, and praying that you have enough left on your credit
line to do so.
- Suze Orman

I was once so broke I forgot whether you cut steak with a knife or
drank it with a spoon.
- Bob Hope

Business is so bad, even the accounts that don't intend to pay ain't
buying.
- Garment Center adage

Being a Billionaire

There's a certain part of the contented majority who love anybody
who is worth a billion dollars.
- John Kenneth Galbraith

If you can count your money, you don't have a billion dollars.
- Henry George

Average sex is better than being a billionaire.
- Ted Turner

Of the billionaires I have known, money just brings out the basic
traits in them. If they were jerks before they had money, they are
simply jerks with a billion dollars.
- Warren Buffett

Being a Millionaire

Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.
- Oprah Winfrey

No one can earn a million dollars honestly.
- William Jennings Bryan (1860-1925)

How many millionaires do you know who have become wealthy by investing
in savings accounts? I rest my case.
- Robert G. Allen

Nothing is more admirable than the fortitude with which millionaires
tolerate the disadvantages of their wealth.
- Jean Rostand

I don't know much about being a millionaire, but I'll bet I'd be darling
at it.
- Dorothy Parker

I am opposed to millionaires, but it would be dangerous to offer me
the position.
- Mark Twain

A million dollars doesn't always bring happiness. A man with ten million
dollars is no happier than a man with nine million dollars.
- Unknown wise person

If a person has a hundred dollars and makes a million, that is incredible;
but if a person has a hundred million dollars and makes a million,
that is inevitable.
- American proverb

Millionaires are marrying their secretaries because they are so busy
making money they haven't time to see other girls.
- Doris Lilly

If it weren't for baseball, a lot of kids wouldn't even know what
a millionaire looks like.
- Phyllis Diller

Being Poor

I've never been poor, only broke. Being poor is a state of mind. Being
broke is a temporary situation.
- Mike Todd

It's no disgrace to be poor, but it might as well be.
- Kin Hubbard

The suffering of the rich is among the sweetest pleaures of the poor.
- R. M. Huber

A penny is a lot of money if you haven't got a penny.
- Yiddish proverb

One of the strangest things about life is that the poor, who need
the money the most, are the ones that never have it.
- Finley Peter Dunne

Show me a man with very little money and I'll show you a bum.
- Joe E. Lewis

When you are poor, it is important to have a good time.
- Greek proverb

We have grown literally afraid to be poor. We despise anyone who elects
to be poor in order to simplify and save his inner life. If he does
not join the general scramble and pant with the money-making street,
we deem him spiritless and lacking in ambition.
- William James

We are not concerned with the very poor. They are unthinkable, and
only to be approached by the statistician or the poet.
- E. M. Forster

If I were a Brazilian without land or money or the means to feed my
children, I would be burning the rain forest too.
- Sting [Gordon Matthew Sumner]

To be a poor man is hard, but to be a poor race in a land of dollars
is the very bottom of hardships.
- W. E. B. Du Bois

He is poor who does not feel content.
- Japanese proverb

Painless poverty is better than embittered wealth.
- Greek proverb

The person with no money may be poor; however, not as poor as the person who has nothing but money.
- Unknown wise person

Poor and content is rich and rich enough.
- William Shakespeare

I sometimes wished he would realize that he was poor instead of being
that most nerve-racking phenomena, a rich man without money.
- Peter Ustinov

Being Rich

To be rich nowadays merely means to possess a large number of poor
objects.
- Raoul Vaneigem

The reason some people are stingy is also the same reason they are
rich.
- American proverb

He catches the best fish who angles with a golden hook.
- Latin proverb

In a rich man's house there is no place to spit but his face.
- Diogenes of Sinope

I am rich because I have a lot of money.
- Joseph P. Kennedy (father of the noted political clan, when questioned about what character traits helped him become rich)

Ah, if the rich were rich as the poor fancy riches.
- Ralph Waldo Emerson

A rich man is either a scoundrel or the heir of a scoundrel.
- Spanish proverb

There is no stronger craving in the world than that of the rich for
titles, except perhaps that of the titled for riches.
- Hasketh Pearson

Sir, money, money, the most charming of all things; money, which will
say more in one moment than the most elegant lover can in years. Perhaps
you will say a man is not young; I answer he is rich. He is not genteel,
handsome, witty, brave, good-humoured, but he is rich, rich, rich,
rich, rich- that one word contradicts everything you can say against
him.
- Henry Fielding

The only incurable troubles of the rich are the troubles that money
can't cure.
- Ogden Nash

I can walk. It's just that I'm so rich I don't have to.
- Alan Bennett

The foolish sayings of a rich man pass for wise ones.
- Spanish proverb

Tis a sort of duty to be rich, that it may be in one's power to do good, riches being another word for power.
- Lady Mary Wortley Montagu

Even the rich are hungry for love, for being cared for, for being
wanted, for having someone to call their own.
- Mother Teresa

Every man thinks God is on his side. The rich and powerful know he
is.
- Jean Anouilh

The Rich aren't like us - they pay less taxes.
- Peter de Vries

Being Truly Rich

Make no mistake, my friend, it takes more than money to make men rich.
- A. P. Gouthey

A man is rich in proportion to the number of things he can afford
to let alone.
- Thoreau

I have the greatest of riches: That of not desiring them.
- Eleonora Duse

Those who have easy, cheerful attitudes tend to be happier than those with less pleasant temperaments regardless of money, 'making it', or success.
- Joyce Brothers

He who enjoys good health is rich, though he knows it not.
- Italian proverb

If you want to know how rich you really are, find out what would be
left of you tomorrow if you should lose every dollar you own tonight.
- William J. H. Boetcker

There is a gigantic difference between earning a great deal of money
and being rich.
- Marlene Dietrich

Your wealth is where your friends are.
- Plautus

What difference does it make how much you have? What you do not have
amounts to much more.
- Seneca

He that's rich is wise.
- Daneil Defoe

My riches consist not in the extent of my possessions but in the fewness of my wants.
- J. Brotherton

That man is the richest whose pleasures are the cheapest.
- Henry David Thoreau

If you want to feel rich, just count all the things you have that
money can't buy.
- Unknown Wise Person

If I keep my good character, I shall be rich enough.
- Platonicus

Behaviors of the Rich

The rich have a passion for bargains as lively as it is pointless.
- François Sagan

The wise people are in New York because the foolish went there first.
That's the way wise men make a living.
- Finley Peter Dunne

To suppose as we all suppose, that we could be rich and not behave
as the rich behave, is like supposing that we could drink all day
and stay sober.
- Logan Pearsall Smith

A certain kind of rich man afflicted with the symptoms of moral dandyism sooner or later comes to the conclusion that it isn't enough merely to make money. He feels obliged to hold views, to espouse causes and elect Presidents, to explain to a trembling world how and why the world went wrong. The spectacle is nearly always comic.
- Lewis H. Lapham

I wasn't satisfied just to earn a good living. I was looking to make
a statement.
- Donald Trump

Borrowing Money

You can't force anyone to love you or lend you money.
- Jewish proverb

Always borrow money from a pessimist, he doesn't expect to be paid
back.
- Unknown wise person

It takes a lot of borrowing to live within your means
- Unknown Wise Person

If you would know the value of money try to borrow some.
- Benjamin Franklin

The human species is composed of two distinct races; the men who borrow, and the men who lend.
- Charles Lamb

Let us all be happy and live within our means, even if we have to borrow to do it.
- Artemus Ward

Before borrowing money from a friend decide which you need most.
- American proverb

If I owe Smith ten dollars and God forgives me, that doesn't pay Smith.
- Robert Green Ingersoll

We at Chrysler borrow money the old-fashioned way. We pay it back.

- Lee Iacocca (As chairman of Chrysler Corp, which borrowed $1.2 billion
under US Loan Guarantee Act of 1979 and repaid the loan seven years
before it was due)

Budgets

Budget: a mathematical confirmation of your suspicions.
- A. A. Latimer

Economy does not lie in sparing money, but in spending it wisely.
- Thomas Henry Huxley

The advantage of keeping family accounts is clear. If you do not keep them, you are uneasily aware of the fact that you are spending more than you are earning. If you do keep them, you know it.
- Robert Benchley

Never base your budget requests on realistic assumptions, as this could lead to a decrease in your funding.
- Scott Adams

Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You won't eat less beef today, because you have written down what it cost yesterday.
- Samuel Johnson

The trouble with a budget is that it's hard to fill up one hole without digging another.
- Dan Bennett

The average family exists only on paper and its average budget is a fiction, invented by statisticians for the convenience of statisticians.
- Sylvia Porter

This comes from the Uganda's The New Vision,


Retirees Urged to Watch Out for Detoothers

The UPDF 3rd Division commander, Brig. Patrick Kankiriho, has advised retiring soldiers to watch out for spouses who love lavish lifestyles.

"If your spouse is a spendthrift and is not willing to adjust, abandon her, as she is bound to lead you into misery."

He made the remarks on Friday during a function at Rubongi Barracks in Tororo district where 57 UPDF soldiers retired. He told the retirees that they had left the army with a modest financial package which they should invest wisely.

"Irresponsible spouses are planning how best they can get a fair share of the money you have worked for before eloping away with other men."

He added that such women prefer staying in the cities. "She will insist that you rent an apartment in town then she will lure you into spending money on luxuries till it is finished."

Kankiriho also cautioned the soldiers against over drinking. "If you do that, you will never regret why you retired from the force," he added.

This bit is a great Singles Advantage to add to the revised edition of The Joy of Not Being Married:


#1 of Three Retirement Quotes Regarding Men and Women in Retirement
When men reach their sixties and retire, they go to pieces. Women go right on cooking.
- Gail Sheehy

#2 of Three Retirement Quotes Regarding Men and Women in Retirement

In this country . . . men seem to live for action as long as they can and sink into apathy when they retire.
- Charles Francis Adams, Sr.

#3 of Three Retirement Quotes Regarding Men and Women in Retirement

A retired husband is often a wife's full-time job.
- Ella Harris

According to MotleyFool.com, more than 39 percent of individuals who are presently in or near retirement have saved less than $25,000 for their golden years. Apparently this is the lowest American savings rate since the Great Depression.

Actually it's worse than that. Check out the numbers from the RCS. They reflect the total savings and investments (not including the value of the primary residence) of today's workers, by age group:

Retirement Savings
- - - - - Less than $25K - $25K-$49.9K - $50K-$99.9K - $100K-$249.9K - - 250K +

All Ages - - - - - 53% - - - - - - - 12% - - - - - - - 12% - - - - - - - 11% - - - - - - 12%
25-34 - - - - - - - 73% - - - - - - - 11% - - - - - - - 7% - - - - - - - - - 4% - - - - - - - 5%
35-44 - - - - - - 49% - - - - - - - 14% - - - - - - - 16%- - - - - - - - - 12% - - - - - - - 9%
45-54 - - - - - - 44% - - - - - - - 14% - - - - - - - 12% - - - - - - - - - 15% - - - - - - 16%
- 55+ - - - - - - - 42% - - - - - - - 8% - - - - - - - - 2% - - - - - - - - 12% - - - - - - - 26%

Source: Retirement Confidence Survey, April 2006.

Note that according to the above figures, half of the people 55 and over have saved less than $50,000 for retirement.

Almost a Third of British Retirees Move to a Different Residence Once They Retire
Almost a third of retired people in Britain are forced to move to a new home, according to research conducted by Saga Home Insurance in April 2008.

The researchers at Saga believe that a strong reason behind their findings is the soaring cost of living, with food and energy costs rising particularly quickly. Saga also found that 38 percent of retirees discovered that their actual financial situation was worse than they had expected. In total 31 percent of retired people have moved to a different residence at least once after retiring, contrasting a mere 8 percnet or retirees who intend to move once they enter retirement. So where to retire? The top priorities retired people look for in a new home include a friendly neighbourhood and good shopping facilities.

Note: Another article about the best places to retire in the world by Ernie J. Zelinski was originally published with the title Retirement Planning Tips on the Best Places to Retire on several websites.

Check out Where to Retire Quotes on The Retirement Quotes Cafe:

#4 Quote of Seven Retirement Quotes and Retirement Sayings about the Right Time to Retire

It's tough to get reallocated when you're the one who's redundant. - MacDonald's Law

#5 Quote of Seven Retirement Quotes and Retirement Sayings about the Right Time to Retire

I have made enough faces. - Greta Garbo

#6 Quote of Seven Retirement Quotes and Retirement Sayings about the Right Time to Retire

Don't think of retiring from the world until the world will be sorry that you retire. - Samuel Johnson

The above retirement quotations are adapted from: The 237 Best Things Ever Said about Retirement by Ernie Zelinski

Top-10 Dumbest Money Moves That You Can Make


• Lend money to a friend
• Borrow money from a friend
• Buy the biggest house that lenders will lend you money for
• Buy furniture with nothing down and no payments for 12 or 18 months - this is really dumb



• Rely on Social Security for your retirement plan.



• Rely on winning a lottery to fund your retirement (something like 15 percent of Canadians are actually in this group).



• Not having a budget if you have money problems.

Most Americans spend more time planning for vacations and holidays than planning for their retirement, according to the Employee Benefit Research Institute.

This past January, the first Baby Boomers turned 62, marking a new era, as approximately 78 million of them move toward retirement.

Today, many retirees don't really retire. They keep on working into their 70s and beyond, just to make ends meet. For some, their pension plans didn't pan out the way they planned, paying only 30 to 40 percent of what they expected.

Scott Pyle, managing director of Pyle/Cunningham Wealth Management Group of Wachovia Securities, said it's quite a blow for these folks who've worked hard their whole lives, just to have to change strategies quickly at retirement time.

It forces them to "transition" into retirement, by working another 10 years and reinvesting their pension money, so that they can have enough money to live on when they do actually retire.

Pyle says this retirement generation faced two very big surprises: They're living much longer than they expected. And as a result they have to go back to work, or face cutting back on their lifestyle and their quality of healthcare.

And Pyle said if you think Social Security is your retirement plan, think again. "Many people that are putting into the Social Security Plan think this will be a retirement plan. But Congress can change any benefits as we see it," he added.

Pyle has one simple word of advice - budget. He says it's the best way to avoid the risks that many retirees face today. "Over 80 percent of Americans do not have a formal written budget, and if you don't know how much you're spending, the money is just going to fall through your fingers," Pyle said.

"When I was young I thought that money was the most important thing in life," joked Oscar Wilde. "Now that I am old I know that it is." Although money can’t buy happiness in your retirement, sooner or later you will likely want a measure of financial freedom that adds to your feeling of overall freedom and the feeling of prosperity that comes with it.

What will help you acquire a great measure of financial freedom is the golden touch with money. Mastery of money is not something with which we are born. Like creativity, it is something we can learn.

To some people, mastery of money and stinginess go hand in hand. Perhaps due to your obsession with money, you have annoyed more than ten friends and relatives into calling you stingy. Following are some definite signs that you are:

• Every morning, to reduce the hydro bill, you temporarily shut off the burners on the stove while you flip the bacon.
  
• Whenever you write letters with a pen, you don't place dots over your i's and don't cross your t's to save on the ink.
  
• You bought your wife a garage door opener for her birthday and installed it on your side of the garage. 
  
• You have never been to a restaurant that doesn't have trays.
  
• You go to bed early to save on the power bill.
  
• You don't even go window shopping to save on the wear and tear on your shoes.
  
• Although you are in the top half of income earners, you try to be the first one in line when Burger King offers free hamburgers to celebrate the opening of a new outlet.
  
• Regardless of which of your three sweaters you wear, someone is always saying something like "How long do you have to wear that sweater before you win the bet?"
  
• Despite a relatively high income, you still drive a car that doubles in value every time you fill it up with gas.
  
• You have actually got some great ideas from this list and intend to utilize them to save money.

Number 1 of Five Retirement Quotes about the Importance of Money When You Retire
From birth to age 18, a girl needs good parents, from 18 to 35 she needs good looks, from 35 to 55 she needs a good personality, and from 55 on she needs cash.
— Sophie Tucker


Number 2 of Five Retirement Quotes about the Importance of Money When You Retire
I don't like money, but it quiets my nerves.
— Joe Louis


Number 3 of Five Retirement Quotes about the Importance of Money When You Retire
Having money is rather like being a blond. It is more fun but not vital.
— Mary Quant


Number 4 of Five Retirement Quotes about the Importance of Money When You Retire
Money makes the world go around — that and other stupid clichés.
— Author Unknown


Number 5 of Five Retirement Quotes about the Importance of Money When You Retire
The money you enjoy spending frivolously to enhance your retirement is money well spent.
— from How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor  by  Ernie J. Zelinski

Note: These retirement quotations are adapted from Importance of Money Quotes at The Retirement Quotes Cafe

A little over a year and a half ago, when I was forced to purchase the loveable half-duplex that I had rented happily for over 25 years, some of my friends warned me that I could be purchasing at the height of the house boom in Edmonton. I told my friends that I was aware of this but I was not purchasing the place as an investment. Houses should never be considered as an investment - for retirement or otherwise!

"A house should be viewed only as any other consumer item," was how I put it. "Then if the price goes down, it is no different than when the price of your car or your running shoes go down. Unfortunately, most people don't understand this. Some do, however. Richard Kiyoski, the author of Rich Dad, Poor Dad stated that a house is not an asset but a liability.

"The problem," I told my friends, "is that millions of people have been conned by fradulent bankers and real estate agents into believing that their home is the biggest investment that they will ever make in their lives. What a shallow and hollow statement! I know that the biggest investment that I will ever make is in myself, in my self-education about how to live within my means so that I don't have money problems and in tapes, books, and seminars on how to create money with my innovative books and products."

Alas, the con job of having people believe that their houses are investments has come home to roost.

The 2008 Retirement Confidence Survey just showed the biggest one-year drop in its 18-year history.

One of the major reasons was that that home ownership was a substantial component of most respondents' net worth: one-third on average, accorging to a study of baby boomer retirement security by Dartmouth College economist Annamaria Lusardi and her colleagues.

They further calculated that an average national housing price drop of 13.5% -- less than we've already experienced -- would decrease the net worth of the boomers they surveyed an average of 10%.

A loss of 10% of net worth for people on the verge of retirement -- which doesn't include stock market losses or the losses people will incur if the housing market continues to fall, as many analysts think it will -- can have a big impact on a retiree's ability to live the life he or she imagined.

So much for houses as investments.

Dartmouth College economist Annamaria Lusardi and her colleagues found that any amount of planning for retirement had a significant effect on the bottom line of the people she surveyed. Take a look at this comparison of net worth between different levels of retirement planning:

Time Spent Retirement Planning Av. Net Worth

Hardly any time at retirement planning $315,579

A little time at retirement planning $356,552

Some time spent on retirement plannning $365,354

A lot of time spent retirement planning $517,252

While planning "a lot" clearly had the greatest effect, even planning "a little" created a 13 percent increase in net worth. That can make a big difference, especially if the markets, housing, and otherwise, don't exactly go your way.

Financial planner Robert Doyle (CPA with Spoor, Doyle & Associates in St. Petersburg, FL) once said, "When you retire, your house is your home. Don't look at it as an investment. You can convert it if you need to, but if you're retiring because of the equity in your house, you better get back to work."

A little over a year and a half ago, when I was forced to purchase the half-duplex that I had rented happily for over 25 years, some of my friends warned me that I could be purchasing at the height of the house boom in Edmonton. I told my friends that I was aware of this but I was not purchasing the place as an investment or as part of my retirement plan. Indeed, houses should never be considered as an investment - for retirement or otherwise!

"A house should be viewed only as any other consumer item," was how I put it. "Then if the price goes down, it is no different than when the price of your car or your running shoes go down in price. Unfortunately, most people don't understand this. Some do, however. (Robert T. Kiyosaki, the author of Rich Dad, Poor Dad , stated that your house is not an asset but a liability.)

"The problem," I told my friends, "is that millions of people have been conned by shady bankers and real estate agents into believing that their home is the biggest investment that they will ever make in their lives. What a ridiculous statement! I know that the biggest investment that I will ever make in my life is in myself, in my self-education about how to live within my means so that I don't have money problems. My self-education also is enhanced by tapes, books, and seminars on how to create money in innovative ways so that I don't have to live in poverty - even if haven't had a real job in over 25 years."

Alas, the con job of having people believe that their houses are investments has come home to roost. The 2008 Retirement Confidence Survey just showed the biggest one-year drop in its 18-year history. One of the major reasons was that that home ownership was a substantial component of most respondents' net financial worth: one-third on average, according to a study of baby boomer retirement security by Dartmouth College economist Annamaria Lusardi and her colleagues.

They further calculated that an average national housing price drop of 13.5 percent - less than we've already experienced - would decrease the net worth of the boomers they surveyed an average of 10 percent. A loss of 10 percent of net worth for people on the verge of retirement - which doesn't include stock market losses or the losses people will incur if the housing market continues to fall, as many analysts think it will - can have a big impact on a retiree's ability to live the life he or she imagined.

Yet many Americans are relying on their homes as a source of income in retirement, either through downsizing to a smaller property or through dubious transactions like reverse mortgages. Between 1997 and 2006, housing prices increased an average of 83 percent, leading more people to assume their equity would see them through their retirement years.

In the last year, however, house prices in the U.S. are down on average 14.1 percent. Worse yet, some people say that the house price declines have just started. A few analysts are predicting that house prices will go down for 5 to 7 years straight. Think this can't happen? You are fooling yourself. Remember how financial analysts claimed that real estate prices could never go down in Japan, particularly Tokyo. When Japan had their recession hit in the 1990s, real estate prices in Tokyo declined for 10 years straight.

So much for houses as investments for retirement. Again, houses are consumer products and not investments. If you are buying a house on the hope that it will go up, you are speculating. If you are speculating, you should be prepared for the price to go down instead of up. Don't blame anyone else when your house price goes down. You caused this situation to happen by believing what the shady real estate agents and mortgage lenders have told you.

If you want to be financially well-prepared for retirement, invest in yourself by spending as much money as you can on books, seminars, and motivational tapes on how to run your own business or how to make money on the Internet. Fact is, your most valuable asset is actually your ability to earn an income.

Your enhanced earning power that comes from your superior skills and knowledge should be part of overall retirement plan. Although the banks and other financial institutions don't count intangibles such as creativity, innovative character, risk-taking ability, and specialized knowledge in tallying your net worth, you should. These items are much more important to a retirement portfolio than a house.

WARNING! WARNING! WARNING!

Retirement is a double-edged sword. You either make it work for you - or it will cut your happiness in half. The more you know about the secrets to a successful retirement, the happier you will be once you retire.

That's why you need The World's Best Retirement Book by Vipbooks Author Ernie J. Zelinski.



Over 95,000 Copies Sold
Published in 7 Foreign Languages

How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor is a provocative, entertaining, down-to-earth, and tremendously inspiring book that will help you get more joy and satisfaction out of all your retirement activities.

Although turned down by over 35 publishers, How to Retire Happy, Wild, and Free has already sold over 95,000 copies and has been published in 7 foreign languages since it was released by Ten Speed Press in Berkeley, California.

What's more, go to www.Amazon.com and type "retirement" into the search feature. You will see that How to Retire Happy, Wild, and Free appears in the number 1 position - out of over 175,000 listings for retirement books!

Purchase How to Retire Happy, Wild, and Free on Amazon.com with this direct link:

How to Retire Happy, Wild, and Free on Amazon.com

According to a new retirement lifestyle survey, the ongoing volatility within financial markets has prompted a massive increased awareness toward retirement savings by Australian baby boomers.

More than three out of four Aussie baby boomers are beefing up their savings strategy as a result of the turmoil, according to a Commonwealth Bank survey.

The majority of changes included making bigger or additional contributions to their retirement savings plan, while about a third said they were investing more in other investments outside retirement plans such as shares or property.

Interestingly, the Retirement Lifestyle survey found almost 40 per cent of those surveyed considered retirement an opportunity to pursue a new career or learn new skills.

"This trend suggests that many people see retirement as a series of transitions where some form of work or community service can continue into the retirement years,'' Commonwealth Financial Planning general manager Tim Gunnin said.

Number 1 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
The chief value of money lies in the fact that one lives in a world in which it is overestimated.
- H. L. Mencken

Number 2 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
It is better to have a permanent income than to be fascinating.
- Oscar Wilde

Number 3 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
I have enough money to last me the rest of my life, unless I buy something.
- Jackie Mason

Number 4 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
There is nothing more demoralizing than a small but adequate income.
- Edmund Wilson

Number 5 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
Whether you wind up with a nest egg or a goose egg depends on the kind of chick you married.
- from Wall Street Journal

Number 6 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
If you don't want to work [in retirement] you have to work to earn enough money so that you won't have to work.
- Ogden Nash

Number 7 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
From birth to age 18, a girl needs good parents, from 18 to 35 she needs good looks, from 35 to 55 she needs a good personality, and from 55 on she needs cash.
- Sophie Tucker

Number 8 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
I don't like money, but it quiets my nerves.
- Joe Louis

Number 9 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
Money makes the world go around - that and other stupid clichés.
- Unknown wise person

Number 10 of Ten Retirement Quotes and Sayings - Importance of Money When You Retire
Having money is rather like being a blond. It is more fun but not vital.
- Mary Quant

The Joy of Not Working: A Book for the Retired, Unemployed, and Overworked by Ernie J. Zelinski

The Joy of Not Working is all about learning to live every part of your life - employment, unemployment, retirement, and leisure time alike - to the fullest. You too can join the thousands of converts and learn to thrive at both work and play. Illustrated by eye-opening exercises, thought-provoking diagrams, and lively cartoons and quotations, The Joy of Not Working will guide you to enjoy life like never before.

Top 10 Reasons to Buy The Joy of Not Working

1. You are more independent and more creative than most people.

2. You were born a lover of life and not a workaholic.

3. You don't want the cheese; you just want to get out of the trap.

4. You like books that are reader friendly with lots of cartoons, quotations, and exercises.

5. You like books that make you smile and challenge traditional ways of living and thinking.

6. You agree with the words of Bertrand Russell: "To be able to fill leisure intelligently is the best product of civilization."

7. You are receptive to the concept that we can achieve more if we relax, enjoy life more, forget about what the majority in society thinks is important, and focus on the things that really matter.

8. Your parents and co-workers will not approve of your adopting this book as your lifestyle Bible.

9. You know a good deal when you see one - if a book has been published in 17 languages in 20 different countries and has sold over 225,000 copies, it must have great value.

10. You know something important that the hard workers of this world don't know: the secret to a happy and fulfilling life is to work smart and not hard.

Purchase The Joy of Not Working on Amazon.com with this direct link:

The Joy of Not Working on Amazon.com

Purchase The Joy of Not Working on Amazon.com with this direct link:

The Joy of Not Working on Amazon.com

You're Broke Because You Want to Be: How to Stop Getting By and Start Getting Ahead, by Larry Winget.

Larry is very no nonsense and a master of tough love. This book is a basic introduction to getting out of debt, but it will tear down every excuse you can think of and show you that it's your choices that are making you broke. Warning: He is harsh (but funny), so if you get upset about that, maybe you should pass on this one.