Strictly for philanthropic reasons U.S. Bank sent me some fabulous ideas as to how NOT to go broke in my old age. Some of their cutting edge ideas include the following:
- Create a financial plan.
- Diversify your investment portfolio.
- Save for emergencies and large purchases.
- Invest in insurance.
- Be “tax smart” to preserve wealth.
- Have an estate plan to leave a legacy.
And if this isn’t amazing enough, they are willing to guide you through all these steps for just a small percentage of your funds each month. My first thought is to say “YES, help me save what little I have left.” But after rereading their ideas I feel they might not be the best advisors as they have missed many of the modern ideas of wealth gathering and preservation such as:
- Move back in with your parents.
- Purchase tickets weekly for both the Powerball and Mega Millions Lottery.
- Seek out wealthy Princes from other countries than Nigeria. He can’t be the only royalty needing help transferring money.
- Launder money for a South American drug cartel (Please see section on “Risk vs. Reward.”
- Max out credit cards on pizza and beer and hope for the best
If it were not for the millennials and Kardashians what would I have to rant about?