Malls are going south in the U.S. General retail may also go the same way, unless shops transform themselves. Here’s our story why retail is facing an apocalypse.
My family used to own two businesses in different malls. The rent in the mall was ten times higher than a retail space outside the mall. Also, the retailer would have to sign a rental contract for five to ten years and every year the rent would increase. Continue reading
To retire or not to retire?
Can I afford to retire?
I can’t retire until my kid has finished college and has a job. My daughter is still living at home and needs support.
So a little background:
Margaux is sixteen years old. She has been a homeschooler for five years. She is doing college math, physics, software, and working on a startup. I’m worried because college costs a lot of money and that means as parents, we have to help our kids get an education, find a job, and settle down – all of which take longer.
And by the way, don’t forget the huge debt that we co-signed. Bottom line: we may have to work longer to pay it off. So, good bye retirement.
Nowadays, even an entry level job seems to require a college degree. But at what cost – to the student and to the parents?
So, you can guess what’s keeping me up at night! “Should my kid go to college?’ Or so, we have all been trained to think. Continue reading