How in the hell do you keep up with this inflation not being investigated in stocks and mutual funds..
I know you handicap horses but you can be that good.
Horses have been very good to me. I've never wanted to be the richest guy in the cemetary. By contrast, my oldest brother squeezes the quarter so tight, the eagle screams. My son and daughter are debt-free and very comfortable. They are a chip off the old block, i.e. precious metals, and BTC and enough cash on hand for a few months. Of course, gold, silver and platinum are always liquid if needed. I love to give money away to my grandchildren. Money they have, but can't touch. LOL My 4 youngest are 10, 5, 2, and a newborn, so really, what do they have to spend money on at this juncture of their lives?
I think a husband and wife reach a point where, how much do you really need? Remember, this is coming from a 69 year old man, so my battle has already been fought, it doesn't apply to those in their 40's and 50's. Hopefully, one day it will be their option.
I never wanted to wait until I'm 80 years old and my kids are pushing 60 to give them a windfall. If we want to give them each 10 ounces of gold for their birthday, we do it. Please understand, they've shown over the years that they are prudent with their money. They're not gonna go and sell 20K in gold I gave them and buy some fricking novelty.
My daughter owns 2 decent sized daycare centers. One is licensed for 54 kids, the other for 80 kids. Do you have any idea how much money you can make with 134 kids a day in daycare? Obviously, my daughter keeps much more cash on hand for payroll, etc, and costs associated with running 2 businesses.
Plus, the government is ridiculous in the amount of grant money they make available.
I feel sorry for those younger parents that have to pay daycare. True, they get their child care credit, etc, but the money has to come of their pocket during the year.