sugar cubes and grandad olson (Olaf)

 

2022 12 01 Sugar Cubes and your finances

I remember and probably you as well, when your parents or grandparents added sugar to your coffee, and it was in a sugar cube.  Grandad Olson use to make his coffee by boiling water with the grounds just dumped in plus an egg, shell and all but cracked open.  Then when it was ready, he would pour it over a cheese cloth to strain all the coffee grounds and eggshells and egg out of it.  Then he would pour a cup of fresh coffee.  Of course, that cup set in a saucer where he would tip the cup and fill the saucer and then he drank from the saucer.  Does that resonate with everyone?   One last memory, I remember my grandad’s mustache would fly up as he blew on the coffee to cool it just before he took a drink from the saucer.  Great memories but what do we learn from all this?

We develop habits, some good and some bad, and we fail to evaluate them from time to time.  Here is the shocker:

·        63% of Americans live paycheck to paycheck as of September 2022.

·        60% of millennials who make over $100,000 a year live paycheck to paycheck.

·        40% of Americans have enough money in savings to cover a $1,000 emergency.

·        Nearly 75% of American workers are in debt, and 50% of those workers believe they’ll always be in debt.

So, what do you do?  Most of us make decisions because how it feels right now vs. what we need to plan for in the future.  In other words, we take that trip or purchase that bigger gift because it feels so right when we need to plan for the “down the road” issues that come up.  That could mean wanting or needing to purchase a new pickup or house or just repairs or retirement or medical and dental.  Don’t worry, we all struggle with something in life, and it might not be in our control.

So, what did we learn in the Osage?

·       How to make coffee the old-fashioned way

·       We all need to plan for those rough days because they are coming

·       If you want to be different, PLAN NOW FOR WHAT IS COMING

And yes, we can help you get those expenses down and plan for your future.  With a little luck (hard work in disguise) we will provide you with some tools to get that done.

Thanks for listening,

gary@mylifelegacy.co

or 405-410-2918