Read? Don’t Save Too Little, or Too Much
Read? http://createwealth8888.blogspot.com/search?q=Ants
“I use the analogy of the ant versus the grasshopper,” Dr. Guo said.
“When I tell that story to my kids, I always praise the ants for working hard all summer, saving for winter and being prepared.”
When he talks to retirees and people planning for retirement, he is less enthusiastic about industrious ants. “What we found in our study is that, if people behave like ants, it can be very problematic.
Once they get into the habit of saving, it’s very hard for them to break it. The behavior becomes sticky.”
CW8888:
Ant has been planning in the Summer and preparing for the Winter.
Knowing that he has enough to survive through the Winter; he can now go and dance in the Sun and the Land of Decumulation without worrying to suffer the fate of Grasshopper in the Winter!
Posts
No comments:
Post a Comment