Book Excerpt, "What's the Point?"

[Tekward]

Good "Money or Life" story included:

https://coloradosun.com/2019/04/12/chad-gordon-wealth-by-virtue-excerpt/

Financial strength is not about having a lot of money. The ancient Romans had a saying, “Money is like seawater. The more you drink, the thirstier you become.” As you grow in wealth, you must also grow in wisdom.


“Wealth” is not a certain amount of accumulation, or the territory beyond a numerical line in the sand. Wealth is the absence of financial worry. Wealth is an internal sense of freedom. When you retire, your financial life collapses down to one core binary question: Will your money outlive you, or will you outlive your money?

 

[rk911]

absent a huge collapse we will not outlive our money. still just living off pensions and SS, other than for home remodeling and to purchase our motor home we haven't touched the investments. RMDs in a couple of years but i hear there's talk of pushing thst back to age 75. still living way beneath our means. we want for nothing.

 

[Focus]

RMDs in a couple of years but i hear there's talk of pushing thst back to age 75.

I think the talk is of pushing it to 72.

Wealth is the absence of financial worry. Wealth is an internal sense of freedom.

That's it in a nutshell.

 

[rk911]

thanks...i sit corrected.

and having no financial worries is priceless.