Just ask Audrey Davison about the reality of her future. She’s been living it in real time, and it’s not what she dreamed up for all those years of sacrificing. It’s what I’ve been calling a life sentence for years.
Here’s her story. As you finish reading this post, keep asking yourself what you’re doing differently than Audrey did. How many sacrifices did she gladly make in order to pay off her mortgage?
If her story doesn’t move you to action, nothing will. Her life is real time empirical evidence of the tragic results of using Grandpa Economics as a template for your retirement Plan. 
Set aside some alone time to contemplate this New Year’s Resolution: I will take full control over my retirement plan by constructing a Purposeful Plan. I will construct this Plan knowing I’m the only one who can ensure a magnificently abundant retirement.
Audrey Davison has lived in Greenburgh New York for 43 years, and doesn’t wanna move. Until recently she was living out her retirement, which included a fully executed Plan taken verbatim from Grandpa Economics OR How To Turn Your Dream Retirement Into A Nightmare Life Sentence.
Audrey will be asking dozens of strangers each day if she ‘may help them’, while working for less than half of what my college student daughter makes for watching toddlers. She’s working for Greenburgh to pay off past due taxes on her home — the same home she’d worked and sweated to own sans debt. Free and clear. Without mortgage. No monthly loan payment.
Her Social Security check is a paltry $643 a month. She’s been forced to take out a reverse mortgage to make ends meet. Greenburgh has offered her a receptionist’s job at a pay rate of — no
Related posts:
- Grandpa Economics Isn’t Funny
- #1 Symptom of Grandpa Economics Flu — Retiring Via Fantasy Boulevard
- Investing: What’s Worse Than Not Knowing the Answers? Grandpa Economics
- The Nuts & Bolts Of Retirement Grandpa Didn’t Tell You — It’s Double Coupon Day!
- A Strategy For A Recent Heir — Or What To Do With Grandpa’s Cash And House
About BawldGuy
What a nightmare.
“House Arrest” is a term I’ve been using for so long I don’t remember who I must have stolen it from. It isn’t even as complicated as you present. Time after time for the last 40 plus years we hear about people losing everything when just one thing goes wrong. Having all your stocks in one company? Stupid. All your liquid assets in one bank? Stupid. All your real estate in one property? “Leverage” is a matter of aggressiveness and your time horizon. “Diversification” is just common sense regardless.
Chris — I can’t imagine her thinking these days. She must feel like she’s been convicted of a crime she didn’t commit.
Robert — If what I presented was any simpler, I couldn’t have written it.
‘House arrest’ is one of those ‘original’ thoughts that’s been had by hundreds before us.
Diversification via numbers when speaking of real estate is usually a good thing.
Jeff, you’re talking about a radically different paradigm that goes against the grain of EVERYTHING we’ve been taught.
Audra is the reason more people need to read Bawld Guy.
Readers — Brian has, at least as long as I’ve known him, been saying the same thing I have. He calls it Boomer Economics though,i not Grandpa Economics.
Click on his name and check out his site. He’ll keep you up with financing big time. I not only read him daily, but most of my transactions out of state are handled by him.