| BUSINESSWEEK ONLINE : NOVEMBER 15, 1999 ISSUE | ||||||||
| ||||||||
 | ||||||||
| BUSINESSWEEK INVESTOR
Financial Planning: An Economist's Approach Economists differ sharply from conventional financial planners in their approach to saving for life's needs. Key economic concepts: -- Saving money is not inherently good. Spending is. The purpose of saving is to enable a high level of spending over a lifetime. -- Aim to ''die broke.'' Spend all your assets except those set aside for bequests, an emergency fund, and maybe the equity in your house. -- Try to keep the same standard of living throughout your life. This usually means saving less when you're young and poor. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
|  |
 | |
RELATED ITEMS Planning a Smooth Financial Ride TABLE: Financial Planning: An Economist's Approach Fear Not. Shelter Stocks, Not Bonds INTERACT E-Mail to Business Week Online | |||
