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I might've been confusing TMND with the chapter on old money in Paul Fussels's "Class." At any rate, I gleaned lessons from both and have lived accordingly. Now I'm financially independent, and my friends consider me "lucky." Luck has nothing to do with it; choices have everything to do with it.
'Luck' is an interesting term that I have had to wrestle with myself.
I was 'lucky' to have chosen to stay in a career that offers a 20-year pension.
I was 'lucky' to have chosen to buy apartment buildings instead of Single-Family-Residences for my family to reside in.
I was 'lucky' to have selected a wife that enjoys Home-Ec and practicing frugal living.
I was 'lucky' to have selected each month to invest by paying down our mortgages every month, instead of spending that money on our lifestyle.
Now as retirees, we often feel awkward when our life long frugal habits make us unable to spend money freely. We do not enjoy spending money. We tend to discuss each expenditure, analyzing each expense for both it's tax deduction value and for any future profit value.
It has taken a great deal of effort to train ourselves to be this lucky.
So instead of giving their employees raises or going out and buying things to help a company keeps their employees.. they are hording their money..
I don't think a wealthy person is obligated to spend money unless he needs something that the money will buy. Same as a non-wealthy person. A wealthy person does not owe his wealth to those that do not have it. Therefore, I prefer a policy that gives all citizens the freedom to keep the money they earn and own, and spend as little or as much of it as they like.
'Luck' is an interesting term that I have had to wrestle with myself.
I was 'lucky' to have chosen to stay in a career that offers a 20-year pension.
I was 'lucky' to have chosen to buy apartment buildings instead of Single-Family-Residences for my family to reside in.
I was 'lucky' to have selected a wife that enjoys Home-Ec and practicing frugal living.
I was 'lucky' to have selected each month to invest by paying down our mortgages every month, instead of spending that money on our lifestyle.
Now as retirees, we often feel awkward when our life long frugal habits make us unable to spend money freely. We do not enjoy spending money. We tend to discuss each expenditure, analyzing each expense for both it's tax deduction value and for any future profit value.
It has taken a great deal of effort to train ourselves to be this lucky.
Right? And I worry about this, too (being unable to spend money one day); after all, I want to die broke! Not only has thrift become a habit, it's become a hobby!
The parcel adjacent to our South was bought last year [2016] for $500/acre. The parcel adjacent to our West has been on the market since before I bought, they are asking $300/acre, and have been for 12+ years.
The parcel adjacent to our South was bought last year [2016] for $500/acre. The parcel adjacent to our West has been on the market since before I bought, they are asking $300/acre, and have been for 12+ years.
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