But the one thing they do not have is any bit of financial worry. They don't have to worry if they can afford to fix something if it breaks. They don't have to worry about whether or not they will have the money to buy a new water heater, or a new furnace. They don't have to worry about money to pay for health insurance, or for a medication.
You say they don't know how to live, perhaps they don't know how to live for their stuff.
Check out anything written by Dr. Thomas J. Stanley, very interesting.
Happy New Year!
Bill
Quote:
Originally Posted by GregWeld
Curtis --
Good for you -- that's the way it's done buddy!
I have a very good friend - that I "help" him with his investments... the couple combined has never earned 80K a year... BUT he was ALWAYS a saver - and "debt adverse"... Now that he's near retirement - they have well over ONE MILLION DOLLARS in the bank (stocks / bonds / CD's) - ZERO debt including no mortgage. A pretty good "space" to come into retirement I'd day. The only reason they can do this - is because they always saved first.
So here's the problem that I argue with them about all the time --- he's saved for so long - and never splurged on anything - always used the old tv until it died - ditto cars - always used and paid cash etc... They've lived this way for SO LONG that now they can afford to "live a little", they WON'T... So they've done everything right - and now are frozen like deer in a headlight. They can't stand parting with a dime... That kills me!
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