I am downsizing my gear this year. I will be 64 is about seven weeks, and just don’t want to pile up stuff anymore. Tomorrow is not promised to anybody, but the actuarial tables are really against me keeping a bass long enough for it to look relic’ed. I am not ruling out a retirement bass in 2.5 years when I retire, I do not want more than three basses anymore under any circumstances.
For what it’s worth, I plan to stop collecting pocket knives too and I have been doing that longer than any other hobby I have.
Hey, Doc. As a a guy that used to be a financial advisor and dealt with life and health insurance over the decades, I hear you about mortality and morbidity tables. Odds are neither one of us are going to be around long enough to naturally (honestly) relic a bass.
Here is the deal, tables are tables and odds say what they are, but the truth is at our age all bets are off we are going to be here tomorrow. I’ve seen too many people over my lifetime that spent too many "tomorrows” waiting for the tomorrow they weren’t going to get.
Don’t get me wrong, I’m not saying sell the ranch or make any stupid financial decisions in pursuit of your passions, BUT, my experience is with a good plan, much that may seem impossible really isn’t.
I’ve found two areas to find money for things like this. The number one, and easiest place to find savings is telcom. Telcom is expensive and usually comes with a lot of duplication that can be weeded out. In my case cutting the “cable” eliminating a landline saves me about $2,400 a year. Restructuring of cell phone plan another $800 a year.
The second is a little tougher because we love our conveniences, but give this some thought. Fast food. I found out years ago, I can take two slices of bread put something between the slices and put it in a plastic bag just as well as a fast food restaurant at 85% less the cost and in less time than it takes to get served. It healthier, tastes just as good better when you get the hang of it, and a great way to do something with leftovers than them sitting in the fridge until they turn green.
If you do end up in a restaurant, never order soft drinks. Ask for water with a slice of lemon. The sweetener is on the table and $2-$4 or so stays in your wallet.
Just making those adjustments in my life has made a profound financial difference enough that if I wanted to I could buy a $4,000 bass in a little over a year with the savings if I wanted to. I still could, I just don’t see the need.
My advice is to follow your passions with the resources you have to make “Life” happen. We were born to enjoy life given us, not fear it.
JMO Doc. As always, Nest wishes.