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“Survival Guy, Getting Old is More Expensive Than…”

October 13, 2023 By E.J. Smith - Your Survival Guy

By Lena Evans @ Shutterstock.com

Your margin of safety, a habit of my fairly wealthy investor, is easy to say yet hard to do. Like most things in life worth doing, it takes a certain mindset, it takes commitment. It is not intuitive, far from it.

On social media, we’re blasted with the false hope of easy living. “Play the market,” they say. Then, you look at the disasters with crypto or memes stocks, for example, and it’s a rat’s nest of trades gone bad.

Life isn’t easy.

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

And it gets harder.

As my father-in-law Dick Young reminds me, “Survival Guy getting old isn’t for the faint of heart, and it’s expensive. More expensive than even I, one of the more careful investors in the world, ever imagined it would be.”

So, I have that to look forward to.

But here we are, dear investor, saving ‘til it hurts. But please don’t mistake the skills that got you to where you are as the ones you’ll need to invest in where we’re going. You can plan, plan, plan, spend time on financial models plugging in this number and that one, and hope it all works out.

Financial models might look good on paper or on the web. But models can’t teach you the emotional toll of losing money in the market with no paycheck to back it up. They can’t teach you how it will feel when you say to your spouse, “We need to talk.” Or how you’ll react. We’re human, after all.

The world is a dangerous place. It feels different today. It happens slowly, then incredibly fast.

Work to surround yourself and your family with a margin of safety. Yes, life is short, but man, days can be long.

Action Line: I’m here to help you when you’re ready to talk.

Originally posted on Your Survival Guy. 

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
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