Just the most important facts, please
Worst in Asia? Japan wants immigrants, the feeling isn’t mutual.
A Japanese (living in the US) millionaire interview.
Stealth immigration policy? Famous for its resistance to immigration, Japan opens its doors.
We downsized seven years ago, it was one of the best things that happened to us: downsizing 5 years later any regrets?
Derek Sivers on the need for unlearning.
These are wonderful: useful hacks.
Rental scam takes down the bank as well as the investors: scrutinize the local bank lending fiasco.
Americans are not having babies: is the handmaid’s tale fast approaching?
JL Collins continues his excellent Stock Series: part XXXIII optimism.
Good news? How much you need to retire is a lot less than you think.
Written by the construction industry, funnily enough: mega earthquake could cause 1.4 quadrillion yen damage to Japan.
No good for residents, but if you have visitors coming: how to find cheap domestic flights with ANA and JAL.
In memoriam: Anthony Bourdain on writing, hangovers, and finding a calling.
Eeek: not prepared for retirement? Here’s a solution: don’t retire.
Good food for thought: everyone makes investing mistakes.
New AirB&B rules in Japan: kill your (vacation) landlord.
Inspiration for me to get started on the next RJ Guide: how I write a book in 14 days.
The benefits of learning: reps reps reps.
By far my favourite thing this week: a wonderful personal essay on being an immigrant, borders, and the future: on immigration.
Very meta, a great collection of links: what we’re reading.
Anything you enjoyed in there?
I see another article here–How much you need to retire is a lot less than you think:
https://wealthyaccountant.com/2018/06/07/how-much-you-need-to-retire-is-a-lot-less-than-you-think/
I can remember reading a few things like that, and so I looked back thru the Monday Reads till last September, and only found one similar article. (I guess I might have seen similar things elsewhere) Here it is:
https://www.reuters.com/article/us-column-marksjarvis-savingsmyth/the-myth-of-outliving-your-retirement-savings-idUSKBN1I3293
I’m not sure whether to describe these two articles as “anti-saving,” or “anti-4% rule,” but the two do present a POV that would seem to show that people adapt relatively well to their circumstances, and/or that they get along pretty well regardless of savings. Maybe even leaving something behind in spite of expectations.
OTOH, a lot of what’s on the web often encourages savings strategies–a percentage of income, maybe some goalposts such as where you should “be” in your 30s, 40s, 50s, etc., or some final targets to the effect that you ‘should’ have a certain multiple of your income saved/invested in order to retire. Or, that you should try to figure it so that you can replace some given percentage of your pre-retirement income.
I’m not trying to slam those savings strategies–they do help, and you certainly should have *something* saved—but there are an awful lot of those savings strategies or milepost type articles, perhaps enough that they create anxiety or worry about getting along in retirement, when that worry may not be needed.
The comment (and the perspective behind it), “I don’t think I’ll (we’ll) ever have enough to retire,” could be the result of an over-emphasis in the press on saving, making people think that they are falling short, with a corresponding under-emphasis on how you could adjust your lifestyle, expectations, and the way you make your peace with the world.
(Ignore this if you want–just my morning ramble.)