Word: nesting
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Dates: during 2000-2009
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...building requirements well ahead of next August. Of the 37 competition venues, 36 are scheduled to be finished this year, including the bubble-sided Beijing National Aquatics Center and the new Wukesong Indoor Stadium, according to the Beijing Olympic Committee. The National Stadium, with its iconic "birds nest" design, will be finished in early 2008. A new north-south subway line is set to open in September, but other transportation improvements will be cutting it close. While Olympic committee members touted "significant construction progress" on five rail lines in an Aug. 6 press conference, completion of some key routes...
...risky approach. Over at AARP, Deborah Russell, director of workforce issues, says her organization enthusiastically supports an active, fulfilling retirement. But, she cautions, "we do not advocate spending your nest egg" on start-up costs. According to the Small Business Administration, two-thirds of new businesses fail within four years...
...appropriate. Martin Lehman was 61 when he finally opened the doors to his first women's-apparel store in 1984, realizing a lifelong dream. After a long career as a retail executive ended when he lost his job in a merger, Lehman invested a quarter of his $1 million nest egg in his new venture. His business did fine, growing to six stores in six years. Then, he says, a nasty falling out with his partner forced them to sell at a loss. "Damn right, it hurt," says Lehman, who lost $150,000. "But I didn't risk so much...
Should you tap your nest egg to chase your dream? Here are a few guidelines...
...quaint memory. Upward social mobility is failing. (A new study by the Economic Mobility Project finds that American men in their 30s are worse off financially than their fathers.) Real estate may not offer double-digit returns anymore, but it does offer an atavistic promise of security, a nest egg embodied in Sheetrock that you can touch and dirt that can't be outsourced to Mumbai. Property fever is in our blood: this country made its fortune in sweet real estate deals--a Louisiana Purchase here, a few trinkets for Manhattan there--and these HGTV shows tap into something primal...