Despite widespread warnings to the contrary, veteran financial planner and investment advisor Jonathan Pond believes no matter what your age or circumstances you can take steps to get your financial house in order and achieve a comfortable retirement.
WEALTHTRACK #1135. Broadcast on February 20, 2015

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4 replies
  1. Rick Park
    Rick Park says:

    “The poor make $1 and spend $1.01, and the rich make $1 and spend $0.99.” That example covers so much of the US “debt crisis.” The truth is we don’t have a debt/retirement crisis, we have a decision/responsibility/accountability crisis that’s been going on for decades and the product of our financial irresponsibility and inactions as a nation are now becoming obvious. Having a proper and mathematically sound plan, and following it from as early as possible, is the key to succeeding. DR nails it when he points out that it isn’t where you’re saving or investing that causes you to be broke, it’s that you never saved or invested in the first place!

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  2. X Man
    X Man says:

    I agree with the interviewee in the idea of paying yourself first.  The debt will always be there, for most of us, if you contribute at least 10 percent to your savings, every month, you can comfortably spend all the rest.  You simply ratchet down the amount of money you have available.  I believe Dave Ramsey is the chief preacher on no debt.

    Save early, save often.  

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  3. Juan Casero
    Juan Casero says:

    Good interview.  I agree with Mr. Pond especially with his theme of reverse keeping up with the Jones's.  I don't actually inquire or get involved with my neighbors finances but I do notice the constant recycling of vehicles in people's driveways in my neighborhood.  Having been in a car payment straight out of college I realize the kind of financial drain that it can be and what a costly mistake it is.  I still have that vehicle I purchased brand new in college although it is over 20 years old now.  It is a matter of where your priorities are really.  I would rather drive an old klunker and be able to comfortably pay my mortgage and buy very good food for my table than drive around in a brand new truck or luxury vehicle.  Instead what I do is I imagine that my monthly contributions to my 401k are the monthly payments on a car.  Only instead the interest in the form of dividends and capital appreciation goes to me and not someone else.  

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