You
run into somebody who looks exactly like you but 20 years older. You realize
it's you from the future. He's so glad to see you and begs you to start saving
more money now. He tells you he realizes
how foolish
he was spending so much money frivolously when he was younger and that life is
full of unexpected and expensive surprises. And how much easier life would be
if he had been smarter about money all those years. But you tell him you are
having too much fun and it's hard to save, but maybe you’ll start next year, or
the year after. Future You desperately wishes he could convince you that you
could live quite happily on 10% less money and then save the rest. The next
day, Future You sees somebody who looks exactly like him but 20 years older…
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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