Bitcoins have been in the news big time over the last few years and stories of how people got super rich. I do have to say that I once had a lot of Bitcoins that I had earned back over ten years ago. I didn’t take it serious and forgot about them. There codes are on an old computer that is no longer around. Also, I have not been able to log into my old email account. Ughhh I could be worth many millions of dollars easily by my memory of how many coins I had. Now I use Coinbase to store my coins I have.
Our boys are good boys and we are very proud of them and love them to death. But they still worry me that they may not be Financially Free in the future because of their lack of Action towards Money and Education. Like is hard and even harder if you don’t have money. We constantly tell them they need to live with the Consequences of their Choices they make.
Our folks came from large families. Especially our Dads because they came from farming families and that seemed to be the thing to do. Have a lot of kids and they can help on the farm. Now a days with the high cost of living or the high living lifestyles that so many people have it is hard to have large families. Some people have one or two kids and others choose not to have any kids and have a pet.
December was a fun month since this was the first time we had our folks with us for the whole month to celebrate Christmas and New Year’s. They plan on staying till sometime in March but we would love to have them live with us full-time in the future.
Everyone has different situations and goals in life. Not everyone may need to have a Financial Team or if they have one maybe they don’t need to see them yearly. For instance, my Mom who has no Assets and lives in a Nursing Home doesn’t need a Financial Team. We hope though our boys will acquire a lot of Assets in their lifetime and need a Financial Team along their journey to Financial Freedom.
Bottom line with all the news and experts out there the final decision when it comes to our Personal Finances is our own. That is what we teach our boys when we are teaching them our rules to Financial Freedom.
The Presidential Election is almost over. Hopefully we can get past the Election and Coronavirus so maybe the Stock Market will settle down and start recovering.
October just flew bye way too fast. Darlene is still healing over her loss of her Sister last month and trying to deal with Logan leaving for the Nany in a week. We will be glad when 2020 is over. Let’s all hope 2021 is a much better year. I don’t see how it could be any worse.
Emotions can factor in many money decisions. Emotions also can come into play when Money is part of the topic in a relationship. Especially when both people in the relationship has totally different views in their mind.
Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.