Hoarding Money

Imagine working for forty years being constantly told you must save for retirement, or meet the fate of spending old age in poverty.  We've all seen stories about retirees going to food banks, eating cat food and unable to afford medication.  Living on only social security of $1200 a month is scraping by at best.

Then you are finally lucky enough to retire.  You can start spending your nest egg.  It's ok!  That's why you saved for so long.  Spend it!   You can't take it with you.   Die broke!

The problem is that for many people (including me) it's hard to make this shift in mindset.

So now we have this phenomenon.  People don't want to spend their retirement nest egg.  Even people with millions saved are tight with their spending.  Living more frugally than they need to.

Some people die with more in savings that they started retirement with.  I do realize that the number of people retiring with even $1 million in their retirement account is very small, and the majority are actually struggling.

Nobody wants to run out of money. 

If you are depriving yourself unnecessarily, that's not good. 

If Not Now, When?

 

I'm planning my trip to Asia right now.  January 18/19th to end of March.  This would be my longest trip -- ever!.  I have to be back by end of March for a family event.  I have some doubts about going, more on that later.  I keep on coming back to this title phrase that I've heard from several people.  I don't have forever.  I need to do this.

For years now my retirement plan was to take a trip right after the holidays for a few months.  That time is here, and I need to do it.  The trip won't cost so much.  I have points to use and I'm really good at "traveling well on the cheap".   I've discussed the pro's and con's of different locations with my bf.

I'm thinking one week in Tokyo, three weeks in Bangkok, maybe a few days in Cambodia tbd,  and six weeks in Da Nang/other coastal areas.  This trip will be slow travel.  That means not so many stops and assimilate as best I can into the local scene.  

I haven't been to Tokyo (other than airport layovers) and have heard good things about it.  This is my opportunity.  My bf doesn't like Japan because they've done some horrible things to China decades ago.  He might meet me there as long as his parents don't know about it.

 I've been to Bangkok and definitely want to go back.  So many things to see.   I like the food.

I haven't been to Da Nang, but "the Miami of Asia" sounds good to me.  The combination of big city and the ocean is appealing.  If I don't like Da Nang I can go somewhere else on the coast.   I must bring back as much coffee as I can from Vietnam.

I've been bored at home.  This will give me an adventure and get me out of the cold weather. 

Best Cities Awards

 

Conde Naste Readers' Choice Awards Best Cities

1. Bangkok ✔
2. Paris ✔
3. Istanbul
4. Rome 
5. Valletta, Malta
6. Shanghai  ✔
7. Tokyo 
8. Seoul
9. Sydney
10. Amsterdam
11. Stockholm
12. Vienna
13. Lisbon
14. Hong Kong
15. Capetown
16. Porto, Portugal
17. Madrid  ✔
18. New York  ✔
19. Jaipur, India
20. Singapore   ✔

 

As I'm thinking about a trip in January, I happened to see that the Conde Naste Traveler Best Cities list was released.   I've check marked the cities I've been to -- 6 out of 20.  I will add Tokyo soon.

I was really surprised to see Bangkok as number one.  I like the city, but question if it should be number 1.  It's more modern than I expected but still feels chaotic and somewhat third world.  I don't agree with NYC as number 18 - should be at least in the top 5.  Certainly higher than Shanghai.  I thought Singapore would rank higher.  So orderly, safe and clean -- a model of urban efficiency.  So many things I wish we would copy from Singapore -- such as the $750 fine for not  picking up after your dog.  Caning would be so much more effective for crimes like shoplifting and minor vandalism than probation. 

I don't hear so many positive comments about Paris or Rome.  Where's London? Toronto?  Vancouver? 

Reading List Addition

 

Newly released book.  Thom Tillis is making the talk show rounds.  The only Republican senator who stood up to Trump a little bit.  Trump's circle is cracking.  I have a hold at the library.  

What I'm Watching

 

 

Actually it's what I want to watch.  This documentary film was released less than three weeks ago.    The truth is coming out about Gaza and it's worse than anyone could imagine.

Naked Skeletons in the Closet

 

Some of you may have heard of Troye Jacobs.  He is a 26 yo prolific gay porn star.  Originally from North Carolina, he has a degree in theatre from Elon University.  He graduated in the midst of the Covid lockdown and when his theatre aspirations in NYC didn't pan out, he made a living with OF and studio porn.

Now fast forward a few years.  He wants to exit porn and pursue his long standing dream of working in theatre.  He was cast in a production by Cape Fear Regional Theatre Company in Fayetteville, NC.  On the day of the first rehearsal he was summoned to the director's office and told his contract was terminated.  No reason given.  He asked if it was because of his previous work.  "We won't say anything if you don't say anything," he was told.

I've often wondered what are the long term consequences of being a porn actor.  There are so many of these actors it's shocking.  I guess we now know what can happen.  Which begs the question, how long should this guy pay a price for his porn career?  One obvious point:  Fayetteville NC was the wrong place to get his first real theatre job.  This probably wouldn't have happened in almost any major US city, or anywhere in the northeast or California.  Main stream theatre  in less conservative areas may look upon this type of work less unfavorably.

For some people this career might be worth it.  If you can make enough money to retire by the time you age out at 35 or 40, that might be appealing to many people.  I suspect the majority of these actors don't get fabulously rich.  Young people don't always make the best decisions, and don't think a few chess moves ahead.  Lack of money is a powerful motivator too.  Now let's see if this guy can rehabilitate his image and get a real theatre job.  The first job will be the most difficult.

American Scoundrel

I just finished reading this book, a new biography of Roy Cohn.  Cohn was Trump's lawyer from 1973 until the mid-80's.  I have to say, he had a super interesting life.  Graduated from Columbia Law School at age 21.  He was an Assistant U.S. Attorney in NYC right after law school.  At 24 years old he was one of the prosecutors who sent Julius and Ethel Rosenberg to the electric chair.  At 26 he was Chief Counsel to Senator Joe McCarthy's Senate Subcommittee on Investigations.  He beat out Bobby Kennedy for the job.  Upon return to NYC at 27, he was honored for his work at a dinner attended by 2,000 people.  The excitement didn't end.

Jeffery Epstein didn't come into Trump's life until the mid to late 1980's.  This is after Cohn's death in 1986 at age 59.  The parallel I see between them is how connected they were.  Both amazingly well connected to the elite class, Cohn more so.  People are willing to overlook evil when someone is powerful.

Cohn was evil and unethical -- his influence on Trump is obvious today.

My bf said "why are you reading about Trump's lawyer who died 40 years ago?"  He made an indelible mark on U.S. history, that's why.  This just released book is worth reading.