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I don't know what it feels like to be 75 and poor. I remember what it was like long ago, but I knew then I was going to keep on earning more and more. Once you're on a fixed income and you know that's all you're ever going to earn, that has to be a different mindset and I just don't have it. I also don't have kids. But I have met plenty of 75 yr olds who, even if they say their kids are well off, also say they don't want anyone having to go out of pocket for their funeral expenses. Maybe at that age sleeping well at night, knowing they're covered is worth what they pay each month. I don't know. I'm not going to try to talk them out of it if they want it. But 90% of them already have it. So if I can save them some money or get them more or better coverage for the same money, how is that a bad thing?
I wrote a Navajo woman yesterday who was 78. She was in good health and told me she had a savings acct with $8k in it for her funeral expenses, but that her kids and grandkids were irresponsible and did not get along. She is still putting $200/mo into that savings account. Obviously, that money can be wiped out by a single emergency, if not stolen by one of her kids who got hold of her bank card. Would she be better off with a life insurance policy, naming one responsible beneficiary who will honor her final wishes? Once I'm done explaining how stuff works, I sit there quietly. That's when they say, "Ok, let's do it." |
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Yes. My house has two 75 gallon hot water heaters. Lots of large homes do...as well as multiple AC units and furnaces...and a fireplace on each floor...and bedrooms that I don't even use. Two don't heat the water any hotter, but it is pretty difficult to ever run out. That is the beauty of this country (land of opportunity). One does not have to be born into a profession or caste. Your father might be a janitor and you could be an engineer or physician. I carried water home in a bucket and heated it on a fire to bathe as a youngster. I never had AC in a home or car...nor were really ever very warm in my home in the winter until I was an adult. Now I have endless hot water (and my own well)...and keep a large house very comfortable year round (and two vacation homes). Of course this is just proof that if you work hard and smart enough, you can have almost anything. It is all about choices. Choice in how we accumulate wealth (or not), how much we accumulate, and how we spend it. I am likely more frugal in some areas than almost anyone I know...and spend a good deal more in others (mostly things with a finite, physical manifestation). I would buy a rental home or even a vacation home in a minute...but would pass on an expensive vacation or a new car (as the earlier represents simply moving invested money into a different investment while the latter is gone). Different folks, different strokes. |
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http://forums.pelicanparts.com/uploa...1629924241.jpg
And spent your nights wandering the streets, breaking into cars, instead of doing maths science and English homework. |
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Rick: Very interesting thread. Thanks for sharing. |
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I applaud the Capt'n. Carry on, good Sir. |
+1 Thanks Rick....
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ned a def'n of "offer" |
^^^ psa idjut ^^^
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You can try to starting own online business. Nowadays amny people creating own business which can be succesful and bring your money. Speaking about money I sometimes give company rewards by www.tremendous.com to my workers. Its great way to motivate workers to work more hard.
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