Too Little Money or Too Much Life?
By
Monty Pelerin, posted December 9th, 2009 http://www.economicnoise.com/2009/12/09/too-little-money-or-too-much-life/
A neat way to calculate your virtual age and expected life span
You can calculate your expected life span based on your life style.
If you want to live longer, the link below will calculate how various
changes will affect your expected life span.
Many of us are afraid we will outlive our money, so we change our
investment strategies, usually taking on more risk than we are should.
Often, this approach only exacerbates the wealth problem because the
investor has gone beyond his level of competence. It also may add great
stress to your remaining years. Fortunately, there is another approach.
Consider staying with your investment strategy and shortening your
lifespan. Changing your lifestyle might be easier and more fun. Using
the chart at the link below, you can compare the effects of increased
“sinning” on your expected life span. If you are afraid you will
outlive your money, you can “sin” more until your expected life span
coincides with your expected “run out of money” point. Much simpler
strategy and probably a lot more fun.
The link is real and should be helpful. Most of the preceding
comments were humor, the sick humor that only an economist aware of
tradeoffs would engage in.
Click here to view