I was bought up to believe:
- work hard, get a good job and repeat until you retire.
- Debt was a bad thing: Never buy anything unless you could pay cash
As I got older and demonstrated that wise-man trick of learning from the mistakes of others I have seen flaws in the blanket statements above:
- I have administered the disposal of estates where a lifetime of work left an estate which was worth only a few pounds. This left the dependants not only grieving but poor
- few people accumulate enough cash during their working life to enjoy a comfortable retirement
- even fewer manage to create a useful residual estate for their loved ones and dependants
So I decided to do something about my own situation and transform my 'economy of one'.
I got to this point thanks to some inspirational input:
- Suzy. We have been together since 1992
- Matthew Moran. Author of The IT Career Builders Toolkit and survivor of fire, flood and storm.
- Dragon: Who has done it before most people decide it needs doing. He is the most can-do person I know.
- Thorskegga: Always true to herself.
I must remember to thank them when I have achieved a mortgage-free home, portfolio income and enough family time.