Hard Truth Week in Review – Advent Conspiracy Edition
I’m back from my weekend visit in Atlanta with good friends from high school. It met and exceeded my expectations in all respects. You can’t put a price on an opportunity to spend quality time with guys you’ve known for 45 years (and can still put up with me!)
Atlanta is such a mix of economic cultures. As my friend and host drove us around some of the wealthier neighborhoods with endless multi-million dollar homes, we all wondered out loud: “Where do all of these people work?” There are similar neighborhoods in Nashville and when I drive through them I often ask myself that same question. My gut feeling is that a lot of the money is inherited. I also suspect that many of the owners are house rich and cash poor. Our oldest son has worked in a number of area McMansions. He regularly finds overly large homes with many rooms having little or no furniture in them. That’s a telling sign.
Speaking of over-the-top consumption (how’s that for a segue way), Lynnae at Being Frugal tipped my off to the Advent Conspiracy site which seeks to diminish the materialistic nature of the holidays. The mantra is Give Presence (not Presents). I like that.
Other interesting reads this week:
Over on my Go To Retirement blog, I wrote a short summary of different approaches to planning for tax-free retirement income.
Clever Dude wrote a post celebrating the end of his family’s consumer debt. He deserves a lot of credit for that $113k payoff accomplishment, particularly considering that it included $40k in student loans.
Forbes published an article that interjects some hard truth into the current “you must buy gold” craze. I know that gold speculators (I can’t really call them investors) have enjoyed a nice run-up this year so I ask again: Is it time to take your profits? If not, when?