#running #retirement, #RaceForRetirement

Road races have become a popular fund raiser for charities.

The Susan G. Komen Foundation’s Race for the Cure has raised millions for breast cancer research, for example.

In its advertising, Prudential Wealth Management has taken a different tack on running to raise funds. It shows a Race For Retirement, in which the runners pledge to put a certain percentage of their income toward their retirement.

If you are one of those in which running a race motivates you to do something, this idea might appeal.

If you are disciplined enough to train for road races to win them, this also might appeal.

But saving for retirement requires a different sort of discipline. One must pledge to save a certain amount from his paycheck every time, without fail, a check is paid. Also, one must be disciplined enough not to touch the money until he reaches the proper age. It also requires the discipline to manage the money, often with trusted professional help.

Many people at or near retirement age today do not have enough money to retire comfortably. Obviously, some circumstances have inhibited their progress. One cannot control what an employer will do to an employee. One cannot control what markets will do to diligently-saved money. But many are not where they want to be financially because they did not have the proper discipline.

Many of us don’t have the interest, and, therefore, the discipline to train for road races. But we all should have the discipline to look after our own financial futures.

As teenagers, we often get jobs to save money for specific purposes, i.e. a college education. We expect those savings to be tapped out by graduation.

As young adults, we should make a pact to take a certain amount of our paychecks to put away into investments for retirement. We may only be able to afford, say, $5 a week at first. A technique to augment that is to add any pay raises to that amount, and learn to live on our original salaries. Some may say that’s easier said than done, and it certainly is. That does not make it undoable.

Life circumstances also change. Some of us get married, have children etc. A disciplined person does not let circumstances ruin goals. Circumstances change, so the disciplined person adjusts tactics to mesh with those circumstances. The disciplined person also doesn’t create circumstances that would ruin his or her goals.

Disciplined people also look for ways to save money on things they need to buy. They may also look for ways to earn extra income to augment their savings.

There are many ways out there to do one or the other. For a way to do both, visit

Often, to get something good, one must sacrifice. One must forgo present pleasantries for future enjoyment. Disciplined people NEVER expect the future to be given to them. They ALWAYS expect that a good future requires planning, and doing little things consistently over time, without fail.

Darren Hardy’s book, “The Compound Effect,” illustrates that success comes not from one or two “big things,” but from a lot of little things, plus time.

The lesson: be disciplined. Do lots of good, little things that may be painless, or may even deprive you of some present pleasure. You may need some good advice to select those good little things, so make sure you trust who is advising you.

If running a race will help motivate you, lace up your sneakers and go for it.



In the course of conversation, you may hear the words, “it must be nice.”
Often, they are spoken by someone who doesn’t have what you have, but would like to have it.
Your response should be, “Oh, it is!”
If you are living what you see as a good life, it’s probably because you made some good choices.
We are confronted with choices and circumstances. The choices, usually, we can do something about. The circumstances, often, we cannot.
When someone says, “it must be nice,” that person very likely has had bad circumstances. Perhaps he has made less desirable choices that he is now living with, but it is clear that you have good circumstances, enhanced by good choices.
The choices can be small: like what I’ll eat today. They can be a bit bigger, like what I will do today. They can be bigger still, like what will I buy – or not buy – today.
Choices can also be huge, like will I have children. In this modern age, having children is a choice. It can be a great choice for some. It can be a disastrous choice for others. It is a life-changing choice for all. But, it should be a choice, and it is OK to choose NOT to have children. It’s OK to choose how many children to have, and when to have them. But the choice should always be there, even though some want to take that choice out of your hands.
Some of the other big choices include how and where one works, for how long one works, or whether one works at all. With jobs becoming scarcer, these choices are getting fewer. If your boss treats you badly, but you need the job, you may feel you have no choice. Keep looking. There are numerous choices out there you may not see. Try the one at If you’d like to fire your boss, you might see something in this choice that will enable you to do that, eventually.
Let’s go back to the smaller choices, like what to eat, what to do and what to buy. These choices are not rendered moot after that day. If you choose all of them correctly, each day, over time, you will likely be healthier, wealthier and wiser over time. This process is what Darren Hardy, publisher of Success magazine, calls in his book, “The Compound Effect.”
Good food choices undoubtedly will make you healthier. They may not allow you to live forever, but they will allow you to be healthier for as long as you live. Bad food choices pave the way to unhealthy living. You may not die sooner, but bad food choices most likely will make your life more difficult. You’ll probably suffer more over time.
You can choose what you do each day, in most cases. Sure, there are things we feel we MUST do, like go to work etc., but we are doing them either as a means to an end, or because we actually enjoy going to work. If you are not among the latter, try to look for something in your work other than the money and benefits that give you a reason to be there. If you can’t find that perk, check out a new job or those numerous income choices. The choice to exercise, rather than sit, will likely make you healthier. Combining that choice with good food choices day in and day out, and you are empowering yourself for a healthy life.
Choosing what to buy affects your wealth. If you are racking up debt on stuff you use, then lose, you probably won’t have much wealth over time. Knowing when to treat yourself may be a key here.
That knowledge will empower you, when someone tells you “it must be nice,” to say, “Oh, it is,” with nary a hint of apology.