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The “Incredible” Family Retirement Formula: Proof You Don’t Need a Million Bucks to Live Like a Millionaire! Grandparents & Movie Heroes Taught Me How!
by Paul B Farrell, JD, PhD
| Discuss | | 5/8/2010

You’ll never hear this from Wall Street. They don’t want you to think for yourself. Certainly not this way, ignoring their relentless quest to accumulate more assets. But here I am revealing our super-secret “Incredible Millionaires Family Retirement Formula.” It builds on something Ralph Warner said in his bestseller, Get a Life, You Don’t Need a Million to Retire Well: “Instead of focusing almost exclusively on our finances, we should be thinking about the things that truly make a difference in our later years, our health, spiritual life, relationships with family and friends, and having a plate full of interesting things to do.”

I didn’t learn all this during my years with Morgan Stanley, nor in law school, nor working on my doctorate in psychology. My grandparents taught me, by example. It’s the kind of wisdom you don’t appreciate until you grow up. They raised me in a small town. Both retired. They learned a lot through the Great Depression and WWII. We lived off Grampa’s garden in summer, Gramma’s canning in cold winter. Their world was right out of the movie, “It’s a Wonderful Life.” We always had more than enough. Being rich or poor never crossed my mind. I ushered at the movies, set pins at the bowling alley, clerked at the newsstand, was in the boy scouts, played football, wrestled, ran track, went to church, then off to the Marines, Hollywood and Wall Street. Then left to do what I love, write. Bottom line: You don’t need a million bucks to “live like a millionaire!”

Movies always get me thinking. They help us to see answers to today’s challenges in yesterday’s lessons, so we can make sense out of tomorrow. Remember that delightfully entertaining Pixar animated movie, “The Incredibles!” Wow, did it ever get me thinking—about what being “rich” really meant to my grandparents, and probably to most Americans. In the dark theater, my brain made some interesting connections, and suddenly, out popped the “Incredible Millionaires Retirement Formula!” (More)