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| General Finance Discuss general personal finance issues and home accounting not covered on the other finance boards. |
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Here's a lovely article from Success from the Nest - When will you be weathy?
Quote:
He always wanted more - always had to have something bigger and better. It's a lesson I take quite on board, but I'm not sure where my own vision of financial success is. I guess a point to bear in mind is to take it in stages. At present, my big financial goal is to pay off the mortgage more quickly. I figure I could sell my business to do it, but that would kill my income. So at present, take everything in stages - and maybe one day have enough to buy that big Victorian mansion. After that...who knows? ![]() |
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I enjoyed that article, thanks Brian. It certainly made me think and I came to a realization that will be my answer. Simply, it'll never happen. I'll never feel that it will be enough. Now that's not greed, that's my habit of living with "what if's." What if I can't work when I'm older? What if I can't find a job and my home is in danger of being taken? What if another great depression happens?
All these things are what force me to keep overworking myself and rarely take a break. "What if I use up everything I have saved twenty years from now and there's nothing left?" It just goes on and on. Thanks for making me realize that. I will never feel wealthy because the "what if's" take over. |
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The sky has to be the limit, because unless one reaches a point where managing the accumulated wealth with all the available help is not possible, then that will be it, but unless there is such a handicap and the sources don't dry up, there is always use for wealth, while at the same time wealth brings to the fore many interesting things.
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Well, setting aside 10% in my income may lead me to have wealth for the future, though it takes many years to have it plenty and enough.
Last edited by aima123; 11-27-2006 at 12:44 PM. |
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I truely believe that know one feels that they have enough wealth. I think the more you have the more you want. People set thier goals and once they reach them they are not satisfied and set them higher.
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My primary goal is the elimination of my non-mortgage debt, followed by reducing my mortgage and providing my kids a decent chunk for college.
I'm trying to focus on these things first and avoid using money earned from my business for "extras." You know, new furniture or a vacation, etc. If I can keep perspective, I believe we'll do well. |
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