{"id":2201,"date":"2017-12-05T00:00:00","date_gmt":"2017-12-05T00:00:00","guid":{"rendered":"https:\/\/www.insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/"},"modified":"2020-09-03T17:24:21","modified_gmt":"2020-09-03T17:24:21","slug":"its-just-a-numbers-game","status":"publish","type":"post","link":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/","title":{"rendered":"It\u2019s Just A Numbers Game"},"content":{"rendered":"

What You Choose to Do Today<\/h4>\n

Have you ever considered that Billy (8 years old), or Billy (30 years old), just might not be a good friend to Billy (who is 70 years old)? Often times we look at the habits or the purchases of others and make some sort of judgment on whether their actions are appropriate or not. We all come from different backgrounds, experiences, and economic situations and make these judgments based on where we are coming from.<\/p>\n

So let\u2019s be a bit more specific and measure people’s\u2019 decisions from a mathematical point of view. We want to see how financial choices made today, can impact tomorrow\u2019s retirement plans. The chart below shows several common decisions we are all familiar with. We want to ask the question, \u201cif I do this today, what impact will that have on me in the future.<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
Event<\/th>\nCost Per Event<\/th>\nTimes Per Year<\/th>\nInterest Rate<\/th>\nYears of Activity<\/th>\nApproximate Value<\/th>\n<\/tr>\n
Starbucks\u00ae Coffee<\/td>\n$5.00<\/td>\n360<\/td>\n10%<\/td>\n30<\/td>\n$343,000<\/td>\n<\/tr>\n
Golf Membership<\/td>\n$2,500<\/td>\n1<\/td>\n10%<\/td>\n25<\/td>\n$297,000<\/td>\n<\/tr>\n
Boat<\/td>\n$75,000<\/td>\n1<\/td>\n10%<\/td>\nPay Cash \u2013 20 years later<\/td>\n$504,000<\/td>\n<\/tr>\n
Dessert<\/td>\n$6.00<\/td>\n3x Per Week<\/td>\n10%<\/td>\n20<\/td>\n$60,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Yesterday\u2019s Decisions; Today\u2019s Impact<\/h4>\n

So does all of the above lead to the conclusion that saving every penny is the right thing to do? The math would suggest that every dollar you can put aside and invest will reap many rewards in the future. And by the numbers alone, that would be correct.<\/p>\n

But I think several caveats are in order here. Quality of life and standard of living are not the same, and I believe quality of life should be the priority. I\u2019m certain many of us know personally, or least through the media coverage, many individuals who enjoy magnificent standards of living. However, based on their divorce and suicide rate, their quality of life must leave much to be desired.<\/p>\n

I\u2019ve also learned that making memories is so important to that quality of life. These events can bond families and cement relationships permanently. Little things like the comfort and consistent cup of coffee in a warm and cozy environment, even if more expensive, may be just the medicine needed to get through life with joy in your heart.<\/p>\n

So I\u2019m not saying spend the money, or don\u2019t spend the money, on certain things. Simply understand the magnitude of your decisions from both the financial and the personal point of view. An remember as well, that the $5.00 per day you are currently spending at Starbucks\u00ae, if you quit spending it at Starbucks, would most likely find a way to separate itself from your wallet anyway.<\/p>\n

Let\u2019s do one more comparison for kicks:<\/p>\n

Typical Eating Habits<\/h4>\n

2 people x 3 meals\/day x $5.00\/meal x 7 day\/week x 52 weeks\/year x 20 years = $218,400<\/h4>\n

How about the Ramen Noodle Diet?<\/h4>\n

2 people x 3 meals\/day x $0.10\/meal x 7 day\/week x 52 weeks\/year x 20 years = $4,368<\/p>\n

I\u2019ll probably pay a little extra to forgo the Ramens\u2026\u2026.<\/p>\n

To discuss the impact of Your Numbers Game, contact us at 855-753-8776 to set an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Do you know if you can retire early? It’s just a numbers game, do you know how to play?<\/p>\n","protected":false},"author":5,"featured_media":2202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1262,1263,1265,1257,1278,1279,1258,1264],"tags":[192,21,22,193,190,38],"yoast_head":"\nIt\u2019s Just A Numbers Game - Insight Folios<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s Just A Numbers Game - Insight Folios\" \/>\n<meta property=\"og:description\" content=\"Do you know if you can retire early? It's just a numbers game, do you know how to play?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/\" \/>\n<meta property=\"og:site_name\" content=\"Insight Folios\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-05T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-03T17:24:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"565\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Charlie Bowers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charlie Bowers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/\",\"url\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/\",\"name\":\"It\u2019s Just A Numbers Game - Insight Folios\",\"isPartOf\":{\"@id\":\"https:\/\/insightfolios.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg\",\"datePublished\":\"2017-12-05T00:00:00+00:00\",\"dateModified\":\"2020-09-03T17:24:21+00:00\",\"author\":{\"@id\":\"https:\/\/insightfolios.com\/#\/schema\/person\/9b4535a564f3b4847274a75401ad105b\"},\"breadcrumb\":{\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage\",\"url\":\"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg\",\"contentUrl\":\"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg\",\"width\":1000,\"height\":565},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insightfolios.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"It\u2019s Just A Numbers Game\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insightfolios.com\/#website\",\"url\":\"https:\/\/insightfolios.com\/\",\"name\":\"Insight Folios\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insightfolios.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/insightfolios.com\/#\/schema\/person\/9b4535a564f3b4847274a75401ad105b\",\"name\":\"Charlie Bowers\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insightfolios.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/90b4a685a0393a6e7ff04a40130dd45e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/90b4a685a0393a6e7ff04a40130dd45e?s=96&d=mm&r=g\",\"caption\":\"Charlie Bowers\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"It\u2019s Just A Numbers Game - Insight Folios","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/","og_locale":"en_US","og_type":"article","og_title":"It\u2019s Just A Numbers Game - Insight Folios","og_description":"Do you know if you can retire early? It's just a numbers game, do you know how to play?","og_url":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/","og_site_name":"Insight Folios","article_published_time":"2017-12-05T00:00:00+00:00","article_modified_time":"2020-09-03T17:24:21+00:00","og_image":[{"width":1000,"height":565,"url":"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg","type":"image\/jpeg"}],"author":"Charlie Bowers","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Charlie Bowers","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/","url":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/","name":"It\u2019s Just A Numbers Game - Insight Folios","isPartOf":{"@id":"https:\/\/insightfolios.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage"},"image":{"@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage"},"thumbnailUrl":"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg","datePublished":"2017-12-05T00:00:00+00:00","dateModified":"2020-09-03T17:24:21+00:00","author":{"@id":"https:\/\/insightfolios.com\/#\/schema\/person\/9b4535a564f3b4847274a75401ad105b"},"breadcrumb":{"@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#primaryimage","url":"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg","contentUrl":"https:\/\/insightfolios.com\/wp-content\/uploads\/2020\/09\/post-its-a-numbers-game.jpg","width":1000,"height":565},{"@type":"BreadcrumbList","@id":"https:\/\/insightfolios.com\/2017\/12\/05\/its-just-a-numbers-game\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insightfolios.com\/"},{"@type":"ListItem","position":2,"name":"It\u2019s Just A Numbers Game"}]},{"@type":"WebSite","@id":"https:\/\/insightfolios.com\/#website","url":"https:\/\/insightfolios.com\/","name":"Insight Folios","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insightfolios.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/insightfolios.com\/#\/schema\/person\/9b4535a564f3b4847274a75401ad105b","name":"Charlie Bowers","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insightfolios.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/90b4a685a0393a6e7ff04a40130dd45e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/90b4a685a0393a6e7ff04a40130dd45e?s=96&d=mm&r=g","caption":"Charlie Bowers"}}]}},"_links":{"self":[{"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/posts\/2201"}],"collection":[{"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/comments?post=2201"}],"version-history":[{"count":3,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/posts\/2201\/revisions"}],"predecessor-version":[{"id":2833,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/posts\/2201\/revisions\/2833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/media\/2202"}],"wp:attachment":[{"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/media?parent=2201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/categories?post=2201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insightfolios.com\/wp-json\/wp\/v2\/tags?post=2201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}