Life Cycle – Dan Greyn. High School 13-17. Didn’t have a real job. Mowed lawns over the summer and got paid little. Bought a 1985 Isuzu Pickup Truck. Young Adult 18-24. Had a job during college. Lived paycheck by paycheck.
Greatest Financial Impact
Dad- got promotion at work
Mom- had own business; was successful
They began to buy lots of stuff
Dad put lots away for 401k
This allowed them to do more and were able to save more
They’ve had consistent long term goals
Short term goals have changed depending on current situations
Putting lots away into 401k when economy was good.
Having a good retirement plan
Think before spending
If you don’t need it, don’t buy it
If you don’t have money, don’t buy it
He accumulated faster than should have probably
Bought a boat, camper, and a truck all in the same year.