Three Questions That Will Determine: Will You Outlive Your Money?   Leave a comment

My friend Belle gave me a book entitled Younger Next Year, Live Strong, Fit, and Sexy – until you are 80 and Beyond, by Crowley and Lodge. Resisting any suggestion by the gift that I am falling apart I accepted it and actually jumped right in to the read. As the title suggests, the book gives a glimpse of what it would take for a person to stave off what we typically refer to as aging. Actually they call it decaying – yuk! What I like is that they talk about the messages that we are conditioned to receive as humans on this planet. They propose that, because for the first time in our existence, we do not have to worry about dying prematurely (talking about the United States of America specifically).  Our sedentary lifestyles, overabundance and consumerism are leading to the rampant and rapid decay of our bodies. This means that the messages our muscles and brain are receiving are signaling that are actually communicating that there is no reason for them to be alert and active. These messages are advancing the aging process and our own mortality. They propose that we need to reprogram our bodies and mind to greater activity, which is a bit weird because this is exactly how I have felt for a while. Over the past five or six years I have felt that I was growing to be less alive, which is also weird because that is when I started coming to Latin America. Go figure! Perhaps the double-edged sword of privilege is on one hand unless we do something stupid – like run around with a loaded gun talking about how gansta we are; sleep with the neighbor’s wife, and get caught, or grow up in an impoverished neighborhood without the will/drive to leave, we pretty much have it made until we are in our 80’s or 90’s. The other side of privilege is that we may be killing ourselves with kindness, literally.

They say that everyone should plan for retirement. And they are probably right. It is just that my life has never occurred in a straight line. I have smelled the roses along the way. Lots of roses! For many reasons, including getting a master’s and doctorate degree, I did not get serious about a career or making retirement contributions until I was in my mid-thirties. I mean, I have always monitored my portfolio, making moves when I thought the market was either favorable or tanking. But I had no idea of what the results of my novice adventures would yield. Talking with my retirement advisor the other day was like opening a surprise package. We figured out that if I play my cards right then I can live the rest of my life with no worry about food, shelter and clothing. I could go out to dinner every now and then. And best of all I could take trips. WOW!!! You mean it. I mean, by no stretch of the imagination am I talking a six figure lifestyle. But any work I decide to take will add to my quality of life, not sustain it. A huge difference! And if I am not stupid, like driving 125 mph on a North Carolina highway, I could live well into my 80’s, 90’s or beyond. So, I have been asking myself lots of questions. Again, I probably should have done this long ago. But like I said, I ain’t that kind of guy.

First question, how do you want to live? Meaning what do you want your days, and nights, to be like? I have always wanted to cause organizations to be more responsive to human needs. This has not changed about me. In truth because I have spent too many years in places where group think and ego needs perpetuate disingenuous systems, I want even more to be a positive force in the lives of others. As it turns out Crowley and Lodge agree with me. They say having a purpose, an investment of one’s life force – my words, not theirs – is life-sustaining because a healthy purpose gives one more drive to live. I never saw myself playing golf or dominoes to pass the time away. That version of retirement was never my dream. It’s funny; I was looking forward to getting up late. I have always likes sleep. But now, when I get up past 7:30 a.m., I feel guilty. Bringing my book, High School Is Not Enough: Helping Students Take The Next Step In Their Lives, to publication is a priority. Afterwards I want to focus on a project that connects my passion for health and wellness to serving people. I also want my priorities to be aligned closer to family and increasing another’s opportunity for success. The biggest hurdle to this realization is that I am single. I freely admit that the absence of family, especially children or grandchildren, in my life is a big hole which my quest to fill has caused me a lot of pain. Unfortunately, baby’s mamma drama, put my relationship with my son in a place where he does not wish to talk with me.  I have also wanted to live outside of the United States.  When I said this to my friends, about five years ago, they laughed.  My decision to live in Latin America has been time coming since then.  These are  cultures that value family above most everything else.   And both Costa Rica and Colombia are countries where health and wellness a valued.  For me, being in these places is no accident.  But I have always been a person, for better and worse, to pursue my dreams.

Second question, what is important to you? Meaning, who are you and what values do you have that must be sustained. Living tranquilly is of utmost importance to me. My goal is to stop taking the blood pressure medication that my doctor said I needed. I have started taking a class that combines yoga and Chi Kung. The work life balance in these countries emphasizes health and wellness. Values I have had for a long time but could not achieve. Even though I like my space, my friendships are essential to my soul. When I started thinking about living outside of the country being close to the continental United States was important to me. Both Costa Rica and Colombia puts me less than three hours from Miami; five from Atlanta; about six to D.C. and just a little more to NYC.. Getting to my friends in Pittsburgh and my sisters in West Virginia is more of a hassle. Many of my friends are either in retirement mode or have the ability to travel which makes it easier to see them. I have too long denied myself opportunities to be fully creative and passionate about what I am doing with me time. Writing has given me an outlet for that part of me. Though it is not complete in its giving to me, it does allow me to wrestle with things, emotions and challenges. Being in a Latin culture allows me great opportunities to be passionate. I find the cultures vibrant and soul touching. Age has not the same consideration nor serves as the line of demarcation it does in the United States. There are few “old folks” homes, if any. You live with your family or close by them.  You hang out with family and friends.  Three generations were at the party (photo) my friend Mayra and her family had in their home.    That they invite me, and my friends, to join them is a blessing to me.  You are  as old as you feel in Latin America.  You dance until you cannot dance anymore.  I love that!  It is not just about life-sustaining, it is about living your life. I think both Crowley and Lodge would go along with that philosophy.

Third question, what life can you afford? I never really learned personal finance management. I grew-up poor. As my sister says, our idea of budgeting was when you had money you spent it. Since I came late to retirement planning being in a place that enables me to add income to my lifestyle, without working 12 to 14 hours a day, as I have, is really important to me. Costa Rica is saturated by North Americans and other foreigners who have put the level of living way past what many native Costa Ricans can afford. A two bedroom apartment in a nice upscale area in Costa Rica’s central valley, where the capital city of San Jose is located, comparable to a $600/month apartment in Barranquilla, can go from $1200 and up a month. You can buy a decent two to three bedroom house or apartment in Barranquilla for about $80,000 to $150,000 in a middle class neighborhood. In San Jose, Costa Rica that same house of apartment would cost $200,000 to $400,000 depending on the neighborhood. In Barranquilla you can hire a taxi for about $7 an hour to drive you around. In Costa Rica the price is more like $20/hr. Food costs are comparable in both places. I can get away with spending about $300/month for one. Because Barranquilla is markedly hotter than Costa Rica’s central valley, and I use the A/C a lot, my household costs can be about $300/month, including basic cable. In San Jose the cost would be about half that or $150/month, including basic cable. It is my entertainment expenses that are high. Excluding travel I can spend about $500/month just hanging out. An income of between $20,000 and $25,000/yr. would do me well in Barranquilla. In San Jose, I think I would need more like $30,000 to $35,000. In addition to a lower cost of living, many people describe Colombia as an emerging market. My analysis indicates that they are right, especially Barranquilla and the surrounding area where there are significant opportunities for business development and property investment.

Yes, I am getting older. Thankfully, I have never felt like I am decaying. A friend told me the other day that I looked like I was getting younger. I think it was my new glasses. But perhaps Crowley and Lodge are right. I had just returned from Costa Rica having had a ball hanging out with people I love; dancing with people I had just met; and sharing moments of caring with people who I hardly knew. I have never really let my age define who I am. The messages that I am sending to my body is that say there is more to come: get ready; stay in shape; we are making life happen in places where life happens every day. I just hope I have enough money to last until I run out of energy. Something tells me, and hopefully, my bank account needs to be in it for the long haul

Posted November 9, 2011 by Wayne in Uncategorized

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