Most of the talk on these forums
has been about how to get millions of $$$.
And how to do it, quickly.
Some of the talk has been
what you want to do with those $$$
once you have it (exotic cars, big houses, travel, etc).
All good stuff.
But something very important
hasn't been discussed very much.
*******
In fact, it's almost MORE important
than how to get the $$$
or how to spend them.
Ready?
How will you keep your wealth?
Once you have all those $$$,
what are your plans for not losing it all?
******
It's understandable that this topic
hasn't been discussed much.
After all, it's much more fun to dream
about millions of $$ and big flashy toys
than to consider the boring
(and, it must be said, limiting) process
of hanging onto your wealth.
********
So I ask all of you:
If you have worked on your PLAN
to develop wealth
and the toys you want to acquire
What are you doing
to insure that you are able
to sustain your wealth?
A further question:
If you've looked at all the neat stuff
you plan to own when you're rich,
have you totalled up what it will cost?
And how much it will cost to maintain?
Once you have those amounts,
does that increase your end $$$ goal?
There are many lottery winners
--recipients of millions of $$$--
who wind up penniless
after just a few years.
These people don't know how
to live within (or below)
their means.
The moral of the story:
Whether you are rich or poor,
if you don't learn how
to live within (or below) your means,
you will wind up broke.
*********
What will you do to make sure
this does not happen to you?
******
(thanks to rxcknrxll for giving me the idea to ask this question)
-Russ H.
has been about how to get millions of $$$.
And how to do it, quickly.
Some of the talk has been
what you want to do with those $$$
once you have it (exotic cars, big houses, travel, etc).
All good stuff.
But something very important
hasn't been discussed very much.
*******
In fact, it's almost MORE important
than how to get the $$$
or how to spend them.
Ready?
How will you keep your wealth?
Once you have all those $$$,
what are your plans for not losing it all?
******
It's understandable that this topic
hasn't been discussed much.
After all, it's much more fun to dream
about millions of $$ and big flashy toys
than to consider the boring
(and, it must be said, limiting) process
of hanging onto your wealth.
********
So I ask all of you:
If you have worked on your PLAN
to develop wealth
and the toys you want to acquire
What are you doing
to insure that you are able
to sustain your wealth?
A further question:
If you've looked at all the neat stuff
you plan to own when you're rich,
have you totalled up what it will cost?
And how much it will cost to maintain?
Once you have those amounts,
does that increase your end $$$ goal?
There are many lottery winners
--recipients of millions of $$$--
who wind up penniless
after just a few years.
These people don't know how
to live within (or below)
their means.
The moral of the story:
Whether you are rich or poor,
if you don't learn how
to live within (or below) your means,
you will wind up broke.
*********
What will you do to make sure
this does not happen to you?
******
(thanks to rxcknrxll for giving me the idea to ask this question)
-Russ H.
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