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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (2527)	5/6/2002 11:31:09 AM
From: GraceZ	Respond to of 306849

There will always be stories where people made bad choices in terms of employment, in terms of retirement. Where they've chosen a path that they thought had some economic security, went to sleep and didn't pay attention to a changing circumstance. Truth is there is no security in chasing security and no one is responsible for your circumstances other than yourself. People need to understand that and accept it and take action to insure their own futures. Its when they think someone else is responsible for taking care of this for them that they get into trouble. My husband works in the construction field, you could write exactly the same story about a group of construction workers. It should be apparent the first day a guy walks on the job that there are only a few ways to go as you pass fifty, you are either the boss or you drop down to helper level or you get a new profession. This is true in so many jobs I won't bore you with the list. I spent half a lifetime building a company where the principle product is fast becoming obsolete. The great news is that I'm looking forward to my new profession and all isn't lost, I've found the skills I learned in the first profession are extremely useful in the second. My husband has a boyhood friend who grew up to be a doctor, they are the same age. One would think that the doctor would have done far better than a construction worker but so far this isn't the case even though at this point the doctor makes four times what my husband makes. The long educational requirement and subsequent opportunity cost and educational debt is a very difficult setback to overcome especially when you have someone like my husband who was a saver/investor from a very early age (he has good advice -g-). The time value of money can make up for a high income any day if you employ it early enough. So much for the divide between the haves and have nots. Its really a divide between those who pay attention and those who don't.