You know, there’s always competition for your cash. And I’m not talking about just tradable securities. I’m talking about deposits for trips you want to take and emergency cash to keep your boat afloat. Everyone has needs. But one problem with being a saver and having money is that some think their problems need to be your problem.
And that’s one of the pitfalls of saving ‘til it hurts. Because at some point, you may wake up and realize you have more money than you ever expected you’d have. And for whatever reason, some people feel your money should help with their troubles in the name of “fairness” or because, in their opinion, “you don’t need it.” They can stop right there. Don’t let anyone tell you how much you can be worth as if there’s a limit. There isn’t.
Because this is about your life’s work, or simply put, just your life. Your sacrifices. And to be fair, it’s also about theirs. They choose to live by the seat of their pants, spend every cent they make, and not save ‘til it hurts. For some reason, is that your problem? I don’t think so.
So, a word of caution about your success being greeted with open arms. And remembering how you got to where you are and perhaps how someone like Richard C. Young helped guide your investments with Richard C. Young’s Intelligence Report while you worked your tail off.
Action Line: When you realize what it feels like to be wealthy, it can be a wake-up call. And there’s risk in saying “Honey, I think it’s time I retire.” Please understand it may not be greeted the way you expected. That’s life. I want to talk about yours. Email me at ejsmith@yoursurvivalguy.com.
Read the entire series here.
