Oh Thanks Dennis, As I look back on my life, I realize I've been ever so fortunate in so many ways. Many things in life have happened to produce positive results, even if they started off in the negative.
Yes, knowing that I don't have to worry about the boys is such a blessing. They are the best thing I have had happen!
Thank you Dennis,
Yes, we want to see our kids succeed in life. They learn most from their parents early on so it's best if the parents know that.
Only one of my two sons graduated from High school but both are solidly set in good work and have good families. By applying themselves diligently to what ever job they are doing, for work or in family life, they are doing well! Praise the lord!
Thank you Jack,
I think kids watch and learn by seeing Mom and Dad early on. My 2 boys know I worked until I earned the maximum from SS, over one half a century. Along with doing over time and holiday work, I made a solid wealth base.
I feel wealth is grown by acting in a wealth producing manner to make it grow so, if we know what to do, and do it, we won't worry about having money. That's how the rich get richer generally. This is learned by the offspring. Neither of my sons has money problems, not because I freely give them money but they, by work ethic and correct actions, are building their own estates.
Any money from my estate will be another layer on their own retirement cake.
Wow, Dennis. I'm about to turn 75 and have been so blessed in my life, however, it can change quickly. A car crash, a fall or any of dozens of things can take our lives in another direction.
Let's be cognizant of the wonderful things we have now that may vanish in an instant.
King Richard! Yes, if people don't get any knowledge from home, they have to learn from ...out there and who knows what kind of wacky ideas they latch on to.
It seems the most ill financial savvy folks are the most boisterous.
I decided to pay my dues and work long and hard. I retired at 69.5 and took SS at 70.
I developed 5 retirement incomes over 53 years of work and man, it pays off. The monthly net deposits from in the bank accounts is $10,560 and that's money that will not stop anytime. That's way more than I made while working. And yes, a fellow once asked me, "how much would you have to have invested, to get that amount every month?" That's a LARGE amount of paper wealth. I'll take it! Delayed gratification does work. Someone who wants to do it all NOW, as the insert says, will have a big chance of not doing it at all.
Tom, good for your daughter! Securing your housing I think is the start of financial freedom. Think, if one paid for home is good, isn't two better? How about three or four? I know a couple from church who lament that there's 4 months left in their retirement account. She will be looking for a job to make at least $1400 a month...to pay rent! He says he has a bachelors degree. "That and $4.75 will get a coffee at Starbucks"
They are in their middle 70's.
I say, "Do the correct things when you are young, so you can do the correct things when you are old"
Hello Edmund,
I know delayed gratification works. One of the good things I did is not take SS until 70 and I have their notification letter about not gaining any more from waiting longer framed on the wall.
For me, a great decision as I chose to not worry about breaking even in that regard, but to max my retirement income for a more care free one. I've done the same for all my incomes and now have time, and the money to enjoy!
Comments
Oh Thanks Dennis, As I look back on my life, I realize I've been ever so fortunate in so many ways. Many things in life have happened to produce positive results, even if they started off in the negative. Yes, knowing that I don't have to worry about the boys is such a blessing. They are the best thing I have had happen!
Post: Lessons on the Ground
Link to comment from July 19, 2026
Thank you Dennis, Yes, we want to see our kids succeed in life. They learn most from their parents early on so it's best if the parents know that. Only one of my two sons graduated from High school but both are solidly set in good work and have good families. By applying themselves diligently to what ever job they are doing, for work or in family life, they are doing well! Praise the lord!
Post: Lessons on the Ground
Link to comment from July 18, 2026
Thank you Jack, I think kids watch and learn by seeing Mom and Dad early on. My 2 boys know I worked until I earned the maximum from SS, over one half a century. Along with doing over time and holiday work, I made a solid wealth base. I feel wealth is grown by acting in a wealth producing manner to make it grow so, if we know what to do, and do it, we won't worry about having money. That's how the rich get richer generally. This is learned by the offspring. Neither of my sons has money problems, not because I freely give them money but they, by work ethic and correct actions, are building their own estates. Any money from my estate will be another layer on their own retirement cake.
Post: K-shaped Economy
Link to comment from July 18, 2026
Wow, Dennis. I'm about to turn 75 and have been so blessed in my life, however, it can change quickly. A car crash, a fall or any of dozens of things can take our lives in another direction. Let's be cognizant of the wonderful things we have now that may vanish in an instant.
Post: The Humbling Side of Aging
Link to comment from May 30, 2026
Government shut down??? What??? To me, these increasingly frequent events are a danger signal. There's a lot wrong going on there!
Post: Inflation and Innovation
Link to comment from May 25, 2026
King Richard! Yes, if people don't get any knowledge from home, they have to learn from ...out there and who knows what kind of wacky ideas they latch on to. It seems the most ill financial savvy folks are the most boisterous.
Post: Retirement Accounts
Link to comment from May 16, 2026
I decided to pay my dues and work long and hard. I retired at 69.5 and took SS at 70. I developed 5 retirement incomes over 53 years of work and man, it pays off. The monthly net deposits from in the bank accounts is $10,560 and that's money that will not stop anytime. That's way more than I made while working. And yes, a fellow once asked me, "how much would you have to have invested, to get that amount every month?" That's a LARGE amount of paper wealth. I'll take it! Delayed gratification does work. Someone who wants to do it all NOW, as the insert says, will have a big chance of not doing it at all.
Post: Retirement Accounts
Link to comment from May 16, 2026
Tom, good for your daughter! Securing your housing I think is the start of financial freedom. Think, if one paid for home is good, isn't two better? How about three or four? I know a couple from church who lament that there's 4 months left in their retirement account. She will be looking for a job to make at least $1400 a month...to pay rent! He says he has a bachelors degree. "That and $4.75 will get a coffee at Starbucks" They are in their middle 70's. I say, "Do the correct things when you are young, so you can do the correct things when you are old"
Post: Resilient Investing
Link to comment from May 16, 2026
I have plenty of excess dollars so don't care about 'investments' anymore. Much less stress now. . .
Post: Slow on the Draw
Link to comment from May 9, 2026
Hello Edmund, I know delayed gratification works. One of the good things I did is not take SS until 70 and I have their notification letter about not gaining any more from waiting longer framed on the wall. For me, a great decision as I chose to not worry about breaking even in that regard, but to max my retirement income for a more care free one. I've done the same for all my incomes and now have time, and the money to enjoy!
Post: Slow on the Draw
Link to comment from May 9, 2026