Dang Greg...
Great advise.
I am still working on my Wife to understand your post fully. She came from nothing, no prom, no money, nothing...
I came from a fairly nice background. My Dad was a doctor, and we had Trawler's when I was growing up. I never knew the value of the dollar, and I suffered for that greatly..
But in the end, my parents lost everything due to mis management of money.
From that I learned a great lesson.. Never to repeat what my parents did.
Over my Life , I have been luckier than smart. Sure I sold a home years ago, only to have it go up 500K in the next few years, OUCH.. But I let it go and moved on.
Now 20 years later, I am not Rich, but doing OK. Also watching and capitalizing on the Bubble from 2006 to 2008 helped greatly..Remember that I had seen the bubble before and I was on the losing end.
That loss prepared me to see the bubble of 2006.. "The past does not equal the Future.."
So, I am working on the Wife to understand why I have put XXXXXX amount of Dollars into Investments that I will NOT touch. I call it my Generator of Electricity.. Without it , I have no power. Or Income..
I have so many friends that will not listen, and want it all now.. I give them tips, and Kiplinger's , ect... and they do the EXACT opposite.
If they live a long life, they are screwed...If I live a long life, I will be OK, and maybe more than OK if I do it right..
It takes years to achieve wealth, and wealth is a relative term. Two years ago at 50, I was given my last rites on my death Bed, and had my Attorney and his Notary writing my will in the Hospital..Now that is service...Costly but needed.
So Health to me is Wealth. And having all my basic needs covered. Sure I am working on the next level because I do want more, but I will NOT risk what I have to get there.
It isn't how much you make, it is what you keep.. And what you do with what you keep, that gets you to the good life..
__________________
Luck is the meeting of preparation and opportunity
Pro Touring 71 Z/28 in training
Soon to be crazy
Last edited by Bucketlist2012; 06-10-2012 at 09:11 AM.
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