If you ask most people “What would you do with a million dollars?”, they would give answers like:
- Buy my dream car
- Buy my dream boat
- Buy my dream house
- Go on my dream vacation
- All of the above
This list of answers is, of course, why these folks don’t already have a million dollars. They are too focused on pleasures and not things that really matter long term. Sigh.
Anyone who already has money would give you pretty much one answer to the million dollar question… they would save/invest the money and let it grow. They would tell you once invested, they could (if they wanted to) spend roughly $40,000 per year of this money without it ever depleting (the 4% rule).
Necessities, Not Things
Let’s get back to the main point of my post today. The biggest benefit of wealth…
Continue reading “The Biggest Benefit of Wealth”
As I write this post, the world has been facing the COVID-19 epidemic for 6 months. I am on vacation looking at a white sand beach, listening to the ocean waves. The world has tried to “re-open”, but many are unsure if that’s the right thing to do and freedoms are starting to be limited again.
One of my favorite movies is called “Invasion of the Body Snatchers”. The fictional story-line oddly has a lot in common with COVID-19. The movie was first released in 1956. The basic story revolved around a virus that came from space, landed on earth, infected humans, and you had no idea who had it and didn’t have it (until it was too late — cue scary music).
Continue reading “The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.”