Over the years, I’ve read stories about the wealthy and the suddenly new wealthy. There appears to be a big difference between those. A variation is, the difference in behavior between those with “old money” vs “new money.”
I’ve often wondered how the abundance of money would change me, or my life – and asked myself, “If I did not have to worry about lack of money, what would I be doing today?” Also, “If I did not have to worry about the security of money I have, what would I be doing today?” Those are really two different questions.
Since, at my age, the chance of becoming wealthy is zero, I need to be more practical with my efforts to concentrate on protecting what I have. Retirement funds trusted to others have not weathered well. I wonder if there’s any safe place in our current economy to see a future improvement. Ideas are welcome – what advise would you give your parents, or grandparents?