Should You Collect Your Way to Retirement?
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I’ve written before about how Mrs. Frugal Rules and I enjoy the show American Pickers on the History Channel. If you’ve not seen it before, it involves two “pickers,” Mike and Frank, who traverse the country going into peoples homes and buying items they have collected. Whether it be some toy from the 1950’s or a motorcycle from the turn of the century, they turn around and try to sell said items in one of their two retail stores at a profit.
Part of what we enjoy about the show is that they weave history into many of the items as well as feature some, interesting characters. What I have always found remarkable is the number of people who say that the items they collect are their retirement savings. I kid you not. The issue of possible hoarding aside, it definitely presents an interesting alternative to more mainstream ways of saving for retirement like investing in the stock market or real estate. That’s not to say it’s wrong or bad, per se, just different. That said, I think it presents an interesting question as to whether or not collecting items can be a justifiable way of building a retirement portfolio.
If you’d like to read more about collecting and if it’s a justifiable way of saving for retirement, please check out my latest article at Daily Finance…
Photo courtesy of: Bill & Vicky T
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.
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