Grandpa Economics & Your Future — You Have NO Future Via Grandpa Economics

Posted @ 2:18 pm - Filed under Real Estate Investing, Purposeful Planning, Retirement, Lunch With Mom, Retirement Income

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. contemplating retirement

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.

7 dollars

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

This entry was posted on Wednesday, January 2nd, 2008 at 2:18 pm and is filed under Real Estate Investing, Purposeful Planning, Retirement, Lunch With Mom, Retirement Income. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 comments to “Grandpa Economics & Your Future — You Have NO Future Via Grandpa Economics”

Chris Lengquist on January 2nd, 2008 at 2:57 pm said:

  • What a nightmare.

Robert Coté on January 2nd, 2008 at 4:37 pm said:

  • “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.

Want A Retirement The Equivalent Of House Arrest? Grandpa Economics Is Your Best Bet | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments on January 3rd, 2008 at 8:38 am said:

  • […] The Boss is always on the lookout for helpful posts and articles. She hit platinum pay dirt with a story put out by AP concerning a victim of Grandpa Economics. Today I published an in depth post based on AP’s article. The post points out the empirical, what I’d say are the predictable consequences of following Grandpa’s path to retirement. […]

BawldGuy on January 3rd, 2008 at 8:59 am said:

  • Chris — I can’t imagine her thinking these days. She must feel like she’s been convicted of a crime she didn’t commit.

BawldGuy on January 3rd, 2008 at 9:02 am said:

  • 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.

Brian Brady on January 4th, 2008 at 8:24 pm said:

  • 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.

BawldGuy on January 4th, 2008 at 8:29 pm said:

  • 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.

Leave a Reply

Copyright © 2006-2008 Brown and Brown Investment Properties - All Rights Reserved.
WordPress Theme designed by 1158pm.com