Ramsey Show to Miserly Retiree With $2.4M: Don't Be Afraid to Spend [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
This pattern affects first-generation wealth builders in their 60s and 70s with seven-figure portfolios and sufficient monthly income. The scarcity mindset that enabled accumulation now prevents retirement spending that the math fully supports. “That fear, it's not rational, right?,” said host Rachel Cruze. “You got $2.4 million sitting there.” The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE Charlie is a retired IBM computer engineer with $2.4 million in net worth and 50 years of sports officiating under his belt. Before a recent road trip with his wife, he "hooked up for like five additional volleyball games" to cover the cost "even though I could pay for it." His wife has told him he needs to transition "from a saver to a spender." Charlie's response: "I can't seem to let go." The Ramsey Show's George Kamel told Charlie to loosen up. "You're stuck in your scarcity loop right now," he said. His fear of spending is irrational. READ:
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