Date: Mon, 9 Apr 2007 07:26:44 -0500
From: "The Henchman" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Choices to be made in Financial Planning
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"Lon"  wrote in message 
news:1176075408.721103.33850@q75g2000hsh.googlegroups.com...
> I'm not really talking about the types of investment or savings, fee
> only planner or commission salesperson, but other important choices
> that we make that have a major impact on our ability to invest and
> save.
> Let's look at some of those choices.
>
> Automobiles--------We have a huge choice, and the financial
> differences in owning and operating one vehicle vs. another is
> significant.

More and More people live in cities and public transit should be something 
that more people ought to consider.  It'll save on additional car insurance 
and gas for sure.  Carpooling during the week.  This is one area I think 
alot of people are scrafricing retirment planning for:  Automobiles.

>
> These are the three major areas that I see as aiding or impeding our
> ability to save and invest and how much we are able to save and invest
> over time. There are lesser areas of course, vacations, food,
> entertainment, etc. where we have considerable choice.

I don't think we should discount these lesser areas.  Food is vital and the 
cost of food NEVER goes down.  Entertainment is vital to your mental 
well-being.  For many perhaps entertainment is reading your favorite books, 
for others it's 4 nights a week at the Scotch bar.  Entertainment when done 
correctly is supposed to improve your mental well-being.

Which leads me to something very important that should be mentioned. 
Health.  You should be investing in your health at a young age.   Who wants 
to stop working early cause of heart troubles or stress.  who wants to spend 
25 years in retirement worrying about hospital bills or if you are in the 
USA medecine bills and precriptions.  Investing in your health, proper diet, 
proper workout, minimal stress, will give you a running start a healthy, and 
hopefully less expensive retirement.