The Harvest is Plenty, But Put On Your Boots!

Sisters Cecilia and Marguerite have 17 children between them and are neighbors of ours here at our farm. They have beautiful, faithful, stable families and are still grounded by their 94 year old father, Barney.

At mass on Sunday mornings, they command the first four rows on the right side of our little Saint Phillips Church. About a week ago, amidst days and days of record rains, we squeezed in a day for our grape harvest, and Cecilia brought over eight kids to help.

In addition, Joe, always our reliable helper, has his new prosthesis and is now able to navigate the vineyard without crutches. That was quite a celebration in itself. While the harvest was quite good, the real story is the unanticipated challenge of flash floods. As …Read More

Source: The Harvest is Plenty, But Put On Your Boots!

When Children Leave Home, Do Parents Save More for Retirement?

This is in interesting article about a scary subject.  I can’t tell you how many times parents have promised me that they will increases savings rates when the kids leave home.

When Children Leave Home, Do Parents Save More for Retirement?

Researchers at the Center for Retirement Research at Boston College (CRR) found that parents do not meaningfully increase their rate of saving when children leave home. Instead, they find new places to spend the money they had been spending to take care of their children. The analysis showed that, “Households save only slightly more in 401(k)s when kids leave, far below what is likely needed for a secure retirement.”

Missed Opportunity

A CRR Brief summarized the paper’s findings in this way: “Spending the extra money means fewer resources at retirement and a higher standard of living to target; saving it means more resources and a lower target.

”Such evidence offers investors another compelling reason to take advantage of opportunities to save more for retirement. The authors shared the following observation in the paper’s conclusion:

“If households stand pat and maintain their total consumption when the kids leave, they will aim to keep that consumption level in retirement and will have less savings with which to do it. If, instead, they increase saving, they will have more retirement assets and a lower level of consumption to maintain.”

Source: Forum Financial Management, LP

A Musician Must Make Music …

“A musician must make music, an artist must paint, a poet must write, if he is to be ultimately at peace with himself. What a man can be, he must be”

― Abraham H. Maslow

Abraham Maslow wrote about self-actualization – the ability to transcend levels of physiological, psychological and social needs, to obtain fulfillment of personal needs in terms of life’s meaning.

According to Maslow, it is all about meaning – and purpose in life.  Meaning is purpose – and that is why we are here.

Every step you take, every breath you breathe, should be focused on living your purpose in life.  Every action, including financial actions should be focused on your purpose.


Clayton Christensen Wants to Transform Capitalism | WIRED

Related Opinion Beyond the Disruption Buzz: Clayton Christensen on MOOCs Sixteen years ago a book by Clayton Christensen changed business thinking forever. The Innovator’s Dilemma looked at industries ranging from disk drives to steel to mechanical excavators and exposed a surprising phenomenon: When big companies fail, it’s often not because they do something wrong but…

Source: Clayton Christensen Wants to Transform Capitalism | WIRED