- Joined
- Nov 17, 2015
- Messages
- 14,062
a lifetime of planning and the fortune of well-timed home purchases and stock investments."[/I]
I had no idea wealth accumulation had nothing to do with getting an education, working hard, saving, or living below ones means. Who knew!
I like to look at this as perhaps the working hard, saving, lbym part, is included in the "lifetime of planning", that wasn't bolded above.
I'll be the first to raise my hand and said a well-timed home purchase gave me a leg up. I bought a tiny house in 2001, sold it for double in late 2005 and invested the money (I was getting married and moved in w/DH). Got very lucky with timing there, purely driven by personal life stuff, basically cashed in the entire RE bubble of the early aughts.
And well-timed stock investments? I was financially ok enough to take advantage of the post-2009 Bear Market, and socked away the maximum in my 401k while getting awesome returns.
Did planning and saving and lbym contribute to both of those? Yup.
If those two didn't happen (the RE and the Bear) would I be RE by now? Nope.