January 14 – listen to your elders

174/365 – people to thank who have had an impact on me. When you’re in your 20s, you think you know it all and don’t have the need for anyone’s advice, especially unsolicited advice. This was the way I was but I was respectful about it – I’d heed the advice but as soon as it was given, it would as easily leave my cognition. However, I do remember one moment in time where I did not only pay attention but followed the person’s suggestion and here I am freshly turned 50 and I have him to thank for it. I was about 25, perhaps 26, and was sitting at a lunch table with a few new, younger fellow teachers and telling them that I had received a letter from Social Services (Welfare) and was told that I had about a $2000 pension amount with them as a result of my previous 18 month stint with them. I was telling this table group that I had the option to take it out or roll it over into the teacher’s pension but why would I do the latter when I could spend it and go to Vega$$$. As we are laughing, Ken W, the Humanities teacher sitting with his buddies playing crib at another table – who I hadn’t formally met yet since this was only my first or second year of teaching – told me that even though I didn’t know him, to take his advice and roll the money over as I would retire earlier. He went on to mention that yes, he was some 40ish year old teacher giving the newbie advice about money but when I reached his age, I would thank him. Exactly what I was thinking – I’m only starting to teach, retirement?! Yet, his message resonated on some level and since I really didn’t need the $2000 at the moment, I let the money roll over. Fast forward to today at 50 and I am so glad that I listened to Ken. Although, the government and teacher’s association are looking at pension and retirements, I am very fortunate in that the decision I made on Ken’s advice will allow me to retire with a full pension at 57 (only 7 years away) rather than 60/61 had I taken it out and spent it foolishly. Also, I still have lots more that I can possibly do at 57 so it’s a win/win for me. Yes, Ken, you are right. Here I am a little older than when you gave me the advice but you were so right – best decision I made for myself. Thank you so much for approaching me and just telling me what you thought was right. In your honour, I keep my finances all in check!

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