If you reach for a star, you might not get one. But you dummy plug bitcoin’t come up with a hand full of mud either. I came across this quote many years ago and, looking back, it’s the way my life has unfolded.
Personally, I never got that star but things have been pretty damn good and the reaching was fun. Do simply this and you’ll wind up rich. If your lifestyle matches or, god forbid exceeds, your income you are no more than a gilded slave. As individuals we only have one obligation to society: To make sure we, and our children, are not a burden to others. The rest is your personal choice. Make your own and make the world a far more interesting place.
While giving is a fine and pleasant thing, no one has an obligation to do so. You own the things you own and they in turn own you. Money can buy many things, but nothing more valuable than your freedom. Life choices are not always about the money, but you should always be clear about the money choice you are making. Without F-you Money you are a slave. If you have debt, you are a slave with still stouter shackles. You weren’t born to be a slave.
Carrying debt is as appealing as being covered with leeches, and has much the same effect. The idea that many, indeed most, people seem to happily cover themselves with debt is so beyond my understanding it is hard to imagine how, let alone why, the downsides would need be explained. Take out your sharpest knife and start scraping the little blood-suckers off. If life hasn’t been turning out the way you’d hoped, take a moment.
There might just be some luck flowing past waiting for you to grab it. If you are basking in the glow of your hard work, initiative and success, congratulations. Now, when you’re done patting yourself on the back, take a moment and give a little thanks. Travel slowly, avoid the sights, linger in outdoor cafes, talk to the locals, leave your camera at home, do it now, do it while you’re young. The problem with Beanie Babies, or anything else produced as a collectible, is that when people buy them they save them. They will never be rare and rare equals value.
Fads, manias and bubbles: What they all have in common is that by the time you start reading about them everywhere, the end is near. It’s OK for the other guy to get a deal, too. If you choose to try to best the averages, God Bless and God Speed. You may well be smarter and more talented than I. You are most certainly likely to be better looking. I’ll look for your name along with Warren and Peter’s in the not too distant future. I extend the same to all those folks I’ve met in Vegas who assure me they have bested the house.
I listen, gaze up at the billion dollar casinos and reflect on how many smarter, more talented and better looking people there are than me. But since we do live in this complex, technical world you had best learn about money. Money is the single most important, effective tool in navigating it. Complicated investments make money only for those selling them.