What if you are skeptical of investing into a shaky economy? You may want to take some advice from Jerry Boyer, who recently talked with Kiplinger.com senior editor Jeffrey R. Kosnett. Here is an excerpt from the article.
To prepare for life after a paycheck, Jerry Boyer, a retired lobbyist who lives in Spearfish, S.D., adopted an austerity program so strict that he and his wife, Carol Koerner, postponed vacations for ten years, drove old cars and eliminated debt. Boyer, 66, also hoarded cash and short-term bonds. Last November, his financial planner in South Dakota, Rick Kahler, helped Jerry relax enough to start a program of putting money into stock funds in equal monthly amounts.
You can read the entire article here.