Thanksgiving: A Look at Gratitude and Finances

There are a lot of great traditions families have when it comes to Thanksgiving. Sometimes it’s food related, such as a secret family recipe for candied yams, deep frying a turkey, or just knowing exactly what dishes to expect at the table. Perhaps your family always participates in a local Turkey Trot race, or watches the Macy’s Thanksgiving Day Parade, or takes turkey coma naps after the big meal.

There are all kinds of traditions that our families look forward to every year on Thanksgiving, but gratitude is something that can be practiced and expressed every day of the year, and can actually have a positive impact on your finances.

Your family will give thanks for the food and the company around your Thanksgiving table, but

The Joys of Failing Forward

Key Takeaways

  • There is often an attitude with adults when it comes to trying something new, where you try it once, you fail, and you don’t attempt it again.
  • When we are young, we tend to fail forward often as we learn the ropes in life, but as we enter adulthood and become established in our careers, we forget what it’s like and become afraid of failure.
  • The idea of failing forward is lifelong learning at its best; it helps you learn new skills, and keeps your mind active and engaged in to your later years.

Two Homes, Twice the Stuff

Key Takeaways

  • If you have a second home, you probably have double or more of everything.
  • Downsizing your stuff prior to retirement will give you a feel for what it’s like to live with less, but it will also give you a good idea of what your expenses will look like.
  • If you test out a downsized lifestyle prior to retirement, you can save yourself from making a costly mistake that could send you back in to the workforce after you’ve retired.

The 3 Questions to Ask Yourself About Retirement

Key Takeaways

  • It’s important to get clear about what you want out of retirement ahead of your actual retirement date as there are many factors that will affect your decisions.
  • There are three simple questions you can ask yourself to help you structure what retirement will look like for you.
  • Ultimately, planning ahead for your retirement will help you transition in to this new stage of life more easily, and these three questions are a great way to start.