Mike E. writes: “I just got back from vacation and saw your column with the footnote about $5 million in bonds and how preposterous that would be to most of us. Well, my parents have lived their entire lives using principles you recommend. They live below their means, buy used cars, buy in bulk, and invest for the future. They retired two years ago (ages 62 and 60) with an estate in excess of $3 million. They must have been doctors, lawyers or some other highly paid profession, right? No, my mom was a public school teacher and my dad was a factory worker. Their combined salaries were never more than $70K a year. They did have a few good stock picks and a long bull market to help their money grow, but it was their consistent saving over a long period of time that made them well off. Anyway, now most of their money is safely in bonds.”
A.T.: Warms my heart. What else can I say?
Quote of the Day
Capitalism without bankruptcy is like Christianity without hell.~Frank Borman (ex-Eastern CEO)
Request email delivery
- May 25:
The Truth Matters
- May 24:
The Pope: God Made You This Way
- May 23:
Travel Tip: Take Alexa WITH You?
- May 22:
Have You Already Seen This One?
- May 21:
How The Enlightenment Ends . . .
- May 18:
My Classmate Saved Stephen Hawking
- May 17:
Hi-Yo, Silver! (Unless You’re Poor)
- May 16:
Will On Pence
- May 15:
Mitch McConnell Speaks
- May 14:
From Greece To Iran
- May 25: