Thirty Man

A Man In His Thirties

Words to live by

Ladies and gentlemen of the class of ’99 Wear sunscreen

If I could offer you only one tip for the future, sunscreen would be it

The long-term benefits of sunscreen have been proved by scientists

Whereas the rest of my advice has no basis or reliable than my own meandering experience, I will dispense this advice now

Enjoy the power and beauty of your youth, oh, never mind

You will not understand the power and beauty of your youth

Until they’ve faded but trust me, in 20 years, you’ll look back at photos of yourself and recall in a way you can’t grasp now how much possibility lay before you and how fabulous you really looked

You are not as fat as you imagine

Don’t worry about the future

Or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum

The real troubles in your life are apt to be things that never crossed your worried mind

The kind that blindsides you at 4 p.m. on some idle Tuesday

Do one thing every day that scares you

Don’t be reckless with other people’s hearts

Don’t put up with people who are reckless with yours

Floss

Don’t waste your time on jealousy

Sometimes you’re ahead, sometimes you’re behind

The race is long and in the end, it’s only with yourself

Remember compliments you receive, forget the insults, if you succeed in doing this, tell me how

Keep your old love letters, throw away your old bank statements

Stretch

Don’t feel guilty if you don’t know what you want to do with your life

The most interesting people I know didn’t know at 22 what they wanted to do with their lives

Some of the most interesting 40-year-olds I know still don’t

Get plenty of calcium

Be kind to your knees, you’ll miss them when they’re gone

Maybe you’ll marry, maybe you won’t

Maybe you’ll have children, maybe you won’t

Maybe you’ll divorce at 40, maybe you’ll dance the ‘Funky Chicken’ On your 75th wedding anniversary

Whatever you do, don’t congratulate yourself too much

Or berate yourself either

Your choices are half chance, so are everybody else’s

Enjoy your body, use it every way you can

Don’t be afraid of it or what other people think of it

It’s the greatest instrument you’ll ever own

Dance, even if you have nowhere to do it but your own living room

Read the directions even if you don’t follow them

Do not read beauty magazines, they will only make you feel ugly

Get to know your parents, you never know when they’ll be gone for good

Be nice to your siblings, they’re your best link to your past

And the people most likely to stick with you in the future

Understand that friends come and go

But a precious few, who should hold on

Work hard to bridge the gaps in geography and lifestyle

For as the older you get, the more you need the people you knew when you were young

Live in New York City once but leave before it makes you hard

Live in northern California once but leave before it makes you soft

Travel

Accept certain inalienable truths

Prices will rise, politicians will philander, you, too, will get old

And when you do, you’ll fantasize that when you were young

Prices were reasonable, politicians were noble and children respected their elders

Respect your elders

Don’t expect anyone else to support you

Maybe you have a trust fund, maybe you’ll have a wealthy spouse

But you never know when either one might run out

Don’t mess too much with your hair

Or by the time you’re 40 it will look 85

Be careful whose advice you buy but be patient with those who supply it

Advice is a form of nostalgia, dispensing it is a way of fishing the past

From the disposal, wiping it off, painting over the ugly parts

And recycling it for more than it’s worth

But trust me on the sunscreen

NES Flask’s

I ran across this today and had to share.  If you are in your Thirties like me, then most likely you grew up playing on the NES.  Now that you are legal drinking age, the guys at www.inkwhiskey.com have come to your nostalgic rescue.  They have taken the iconic grey cartridge from the NES, and turned them into a flask.  Check out there video below.

 

Flashback Friday Cadbury Cream Egg Commecial

Easter back in the day

Planning Retirement in your 30′s Part 2

Sorry for the delay, but I’m back.  Today we are going to finish up the discussion of retirement planning for thirty year old’s.  I’ll discuss how to save money with Tax-Deferred savings, what interest cost vs interest earned is, workplace contribution matching, credit scores, and how to plan to pay for your children’s future education costs.

Keeping it brief, a Tax-Deferred savings account allows you deposit money into a 401K or IRA, and then deduct the money tax free after you turn 59 1/2 years old.  Tying into this is an employer match, which is a set percentage your employer will match of your contribution to your savings account.  This is “FREE MONEY.”  My employer matches up to 5% of my contribution, and I put in that full 5%.  Its advised to put at least the amount your employer matches into your savings account.  Also, if you do get a raise in pay at work, give your 401K a raise as well.  If you earn $40,000 a year, and get a 2 percent raise, add 1 percent ($400) to your savings.  It may not seems like a lot now, but after 30 years of grown and addition raises you could be looking at an extra $60,000 in savings.

Most of us these days have some sort of line of credit out that has a interest cost associated with it.  Credit cards these days can go up 29.99% interest rate.  Now compare that to a savings account that has a 2% rate on it.  Big difference right?  This is were interest cost vs interest earn comes in.  If you currently are making minimum payments on lines of credit, but putting a large percentage of money into a savings account, are you really saving money?  In the long run, you’ll be paying 2 or 3 times the amount of the loan if you make only minimum payments.  So the $500 flat screen you put on your Visa will eventually turn out to be a $1500 flat screen that you probably don’t even own anymore after paying off that credit card.  Now if you are aggressive at paying off those high interest accounts, and only put minimum amount of money into savings, you can get back a lot of that extra $1000 and put in into your savings.

Speaking of high interest lines of credit, one can obtain these by having a low credit score.  With a low credit score, banks view you as a higher risk of not paying your debt back.  In punishment, they make you pay more to get their money.  This can be a big set back to people in our age range to help save money.  Most of us have gone through college and acquired a large amount of student loan debt.  On top of that, most of us need cars to get to our job, houses to live in, and have other debts that are in repayment. That plays in to how your credit score is calculated.  The other key player in your credit score calculation is how good are you in paying that debt back.  Missed payments equal lower credit score.  There are some other factors out there that go into your credit score, but if you can get those debts paid off fast and don’t miss your payments, you be on the right track to that higher credit score, and more money in your pocket.

Wrapping up lets talk about our children, and how someday they will go off to college, and you’ll be back to those student loans again.  Your child may old be a few years old, but that doesn’t mean you shouldn’t start saving for college now.  This is were Education Savings Accounts come in handy.  These accounts let you deposit up to $2000 a year into an account that is not taxed on earnings.  These contributions must be made though before your child turns 18.  This money then can be withdrawn for educational expenses for your child up to their 30th birthday.  This equals savings you for by not having to take out so many, or maybe no, parent loans.  Also, if you wanted to send your child to private elementary or high school, this money can be used for that as well.  This is another tax deferred savings that I believe is a smart investment for all parents.

Planning Retirement in your 30’s

We’re going to start off this blog talking about something everyone loves talking about, money.  At the age of 30, we may not be thinking about retirement, but we should be.  The earlier that you plan for that day, the better off you’ll be when it comes, which could be earlier if you start your planning now.

Your 30’s bring on more financial responsibility than you had when you were in your 20’s.  If you’re like me, you now have a mortgage, car payments, insurance payments, credit card debt, college loans, utilities, plus more I’m sure.  Taking all these into account, their probably isn’t much left of your paycheck when you’re done paying your debt, so taking more money out of your paycheck may seem difficult to you.  But I am here to help you.  What I am about to discuss may seem like a lot of work, and it is, but even if you can do one thing, you should be able to get a little extra more out of your paycheck.  That little extra now, will help you enjoy your golden years even more.

The first place I believe you should start is by creating a budget. Creating a budget can be simple.  Here is an easy budget that I created:

So after you pay all your debts, you’re left with $900 in my simple scenario.  You can then take that information and break it down more by figuring out your expenses in groceries, gas, entertainment, and anything else you normally spend money on during the month.  What is left over after that amount can become the start of your savings.

I believe that you should revisit your budget, maybe every 6 months, to see if you are staying on track.  You may also discover that you have now more money left over at the end, which can lead to that retirement date coming earlier.

In my next post I’ll keep on the topic of money and retirement, and talk about tax deferred savings, matching contributions, and why it’s important to put extra in your retirement savings when you have it.

Welcome

Welcome.  This site is going to be designed for the lives of men in their thirties.  The post will focus on everyday issues that arise to thirty something men.  Family, hobbies, financial advice, do it yourself skills, and anything else I can think of will be coming to this site.  As I live out my thirties, I hope to help you live out yours as well.  Please visit my About Me page to learn where I am coming.  As this site moves out of its infancy, I hope to hear from you out there, and get ideas of what you would like to learn, or contribute to the site.

© 2014 Thirty Man

Theme by Anders NorenUp ↑