Sitting with my coffee and the latest issue of FORBES Magazine, I get in-touch with a different side of myself. It may seem a bit far-fitting that a dread-headed, stay-at-home-schooling-mom who strives to live a simple life below her means…would be into financial jargon; researching this, or analyzing that. But that’s just one of the many sides of me.
The fact that I’m buying into my future by ‘flirting’ with the stock market—all-be-it at a very ‘newby’ level…at best—in order to try and secure financial independence, just means that I’ve come-to-realize that being ‘freely employed’ doesn’t tend to offer a 401K package or contribute much to Social Security. Buying shares and taking my chances with the market just seems the smartest move to this forty-something investor.
I’m satisfied that opening an IRA account at my age is better late than never. Twenty years from now…I’ll be glad I did! And even though I’ll be far behind young investors—like my former self who opted to ‘cash out’ and take a little loss in penalties from the Roth IRA I started in my twenties—I’ll feel more secure having the chance for a do-over.
Though I have a confession to make– I feel a little envious of the ‘billion dollar boy’ on the cover of this month’s FORBES. He, apparently, made the right choices early-on in life. Perhaps he had some help of wealthy parents?! Who knows! All I do know is– He’s a billionaire…and I’m not; which, in turn, makes me even more eager to check my email and dig-into some juicy morsels offered by the stock analysts who message me on a daily basis. They are my friends-in-finance. Though I’m quite sure this friendship is rather one-sided, since they don’t know me from atom!
Even still, it makes me feel like I’m part of the team. –The ‘I am destined to achieve financial freedom someday’ team. I’m hoping a few smart investment choices, buying hot stocks ‘on the cheap’ while still in my forties, will lend-to-me a very diversified portfolio; chock-full of capital gains and lucrative pay-outs when I reach my 50’s…60’s…and beyond. My financial independence—not to be confused with actual wealth—will deliver my dream-easy-life on a silver platter. I’ll be shouting-out to the world, “It’s about time!”