As I flew across the country yesterday, I sat next to a woman who was heading to Tahiti. She explained to me that this was supposed to be a retirement trip, but with the market’s recent slide, she decided to work another six months. Still, she was going to take the trip because much of it was already paid for. Clearly, I don’t know her entire financial situation, but I thought it was a bit odd.
I mean if you really got hurt badly by the correction, then six months of additional pay probably isn’t going to matter, especially after subtracting the costs of what I can imagine to be a rather expensive vacation to Tahiti (nice lady, but she and her husband spent over $30 on airplane liquor by the time we got to South Dakota).
But the brief exchange did get me to thinking, what have you changed, if anything, since the recent worldwide realization of slower growth, a recession and a market crash? All answers are acceptable, including buying less branded groceries, smaller packets of toilet paper, no change at all, even delaying your retirement for six months!
P.S. I am in Hawaii this week delivering several seminars at the ING DIRECT cafe grand opening there. As a result, I may be a little less active on the blog this week.
Aloha and mahalo!
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