"NOYB" wrote in message
news


But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


Hey!

Not to bring a dog to this debate, but for most people, their prime earning
and maximum potential years in terms of a career is in their 50's to 60's.

NOYB, as your "handle" stipulates, this question is none of my business, so
ignore it if you desire, but I am curious. Are you married? Do you have
any dependents, married or not?

I ask because your seemingly aggressive financial approach to life makes
perfect sense to me for a single person with no current or future financial
responsibilities other than to himself/herself. I am not saying it's right
or wrong but if someone in their mid 30's with a financial responsibility
for others who highly leverages themselves with interest only mortgages,
plus car and boat loans at basically the beginning of their career and
earning potential is taking a bit of a risk, IMHO. Old school maybe, but
too much debt can be a career killer no matter how much you earn at the
moment.

My question was prompted by your statement to Don White, "No thanks.
Thinking small is for the unmotivated in life."


Eisboch

"Eisboch" wrote in message
...

"NOYB" wrote in message
news


But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


Hey!

Not to bring a dog to this debate, but for most people, their prime
earning and maximum potential years in terms of a career is in their 50's
to 60's.

NOYB, as your "handle" stipulates, this question is none of my business,
so ignore it if you desire, but I am curious. Are you married? Do you
have any dependents, married or not?


Yes. Wife and three kids. School is funded, and pension plan is funded to
the max each year.

I have no personal debt other than the home and the larger boat. Credit
cards are paid off every month. In fact, the only "bad" debt I have is that
Grady White. A house is an appreciating asset (at least over the long
haul), and affords me a writeoff. The boat also provides a writeoff, but
the deprectiation outpaces the terms of the loan, so I consider it a "bad"
investment.





I ask because your seemingly aggressive financial approach to life makes
perfect sense to me for a single person with no current or future
financial responsibilities other than to himself/herself. I am not saying
it's right or wrong but if someone in their mid 30's with a financial
responsibility for others who highly leverages themselves with interest
only mortgages, plus car and boat loans at basically the beginning of
their career and earning potential is taking a bit of a risk, IMHO. Old
school maybe, but too much debt can be a career killer no matter how much
you earn at the moment.


I work 4 days/week. I could easily work a 5th day if money got tight.
Also, I have a business loan that costs me $6000/month. It will be paid off
in 3 years, increasing my disposable income quite a bit. I have own
occupation disability insurance, and enough life insurance to pay off my
debts and leave another million or so to the wife and kids.

I live tight, but not dangerously IMO.

"NOYB" wrote in message
nk.net...

"Eisboch" wrote in message
...

"NOYB" wrote in message
news


But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


Hey!

Not to bring a dog to this debate, but for most people, their prime
earning and maximum potential years in terms of a career is in their 50's
to 60's.

NOYB, as your "handle" stipulates, this question is none of my business,
so ignore it if you desire, but I am curious. Are you married? Do you
have any dependents, married or not?


Yes. Wife and three kids. School is funded, and pension plan is funded
to the max each year.

I have no personal debt other than the home and the larger boat. Credit
cards are paid off every month. In fact, the only "bad" debt I have is
that Grady White. A house is an appreciating asset (at least over the
long haul), and affords me a writeoff. The boat also provides a writeoff,
but the deprectiation outpaces the terms of the loan, so I consider it a
"bad" investment.





I ask because your seemingly aggressive financial approach to life makes
perfect sense to me for a single person with no current or future
financial responsibilities other than to himself/herself. I am not
saying it's right or wrong but if someone in their mid 30's with a
financial responsibility for others who highly leverages themselves with
interest only mortgages, plus car and boat loans at basically the
beginning of their career and earning potential is taking a bit of a
risk, IMHO. Old school maybe, but too much debt can be a career killer
no matter how much you earn at the moment.


I work 4 days/week. I could easily work a 5th day if money got tight.
Also, I have a business loan that costs me $6000/month. It will be paid
off in 3 years, increasing my disposable income quite a bit. I have own
occupation disability insurance, and enough life insurance to pay off my
debts and leave another million or so to the wife and kids.

I live tight, but not dangerously IMO.


Then I would offer sincere congratulations. For a guy in his mid 30's you
seem to have things in good order.

Eisboch (shuda been a dentist instead of an engineer)

"Eisboch" wrote in message
...

"NOYB" wrote in message
nk.net...

"Eisboch" wrote in message
...

"NOYB" wrote in message
news

But then what is the point of working harder and desiring advancement
in your career? I think the saddest thing is someone who is in their
prime earning years and not workig to maximum potential because of
apathy. If you're 55+ years old, that attitude is fine. But not at my
age.


Hey!

Not to bring a dog to this debate, but for most people, their prime
earning and maximum potential years in terms of a career is in their
50's to 60's.

NOYB, as your "handle" stipulates, this question is none of my business,
so ignore it if you desire, but I am curious. Are you married? Do you
have any dependents, married or not?


Yes. Wife and three kids. School is funded, and pension plan is funded
to the max each year.

I have no personal debt other than the home and the larger boat. Credit
cards are paid off every month. In fact, the only "bad" debt I have is
that Grady White. A house is an appreciating asset (at least over the
long haul), and affords me a writeoff. The boat also provides a
writeoff, but the deprectiation outpaces the terms of the loan, so I
consider it a "bad" investment.





I ask because your seemingly aggressive financial approach to life makes
perfect sense to me for a single person with no current or future
financial responsibilities other than to himself/herself. I am not
saying it's right or wrong but if someone in their mid 30's with a
financial responsibility for others who highly leverages themselves with
interest only mortgages, plus car and boat loans at basically the
beginning of their career and earning potential is taking a bit of a
risk, IMHO. Old school maybe, but too much debt can be a career killer
no matter how much you earn at the moment.


I work 4 days/week. I could easily work a 5th day if money got tight.
Also, I have a business loan that costs me $6000/month. It will be paid
off in 3 years, increasing my disposable income quite a bit. I have own
occupation disability insurance, and enough life insurance to pay off my
debts and leave another million or so to the wife and kids.

I live tight, but not dangerously IMO.


Then I would offer sincere congratulations. For a guy in his mid 30's you
seem to have things in good order.

Eisboch (shuda been a dentist instead of an engineer)


I was an engineer (BSME Purdue University) before a dentist. ;-)

"Eisboch" wrote in message
...

"NOYB" wrote in message
news


But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


The following story is appropriate if you're 55+, but not at my age.
Afterall, somone has to pay for the retirees' social security.


Mexican story
The fisherman and the rat race
..........
Sunday 6 December 1998

The author of this little mexican story is unfortunately unknown.

An American investor is walking along the water in a little Mexican coastal
village. A boat comes in the harbor, with a few tuna fish on the deck. The
American compliments the fisherman on the quality of his fish and asks him
how long it took him to catch them.

"Not too long", answers the fisherman.

"But then, why didn't you stay at sea longer to catch some more?", asks the
banker.

The Mexican answers that those few fish will be enough to feed his family.

The American then asks: "But what do you do the rest of the time?"

"I sleep late, I fish a little, I play with my kids, I take naps with my
wife. In the evening, I go see my friends in the village. We drink wine and
play the guitar. I'm busy all right."

The American interrupts him: "I have an MBA from Harvard University and I
can help you. You should start by fishing for longer periods of time. With
the benefits you'll get from selling the fish, you could buy a bigger boat.
With the money you'd get thanks to this boat, you could buy a second boat
and so on until you have a whole fleet. Instead of selling your fish to
intermediaries, you could negotiate directly with a cannery, or open your
own cannery. You could then leave your little village for Mexico City, L.A.
and then maybe New York, where you'd direct the operations."

The Mexican then asks: "How long would that take?"

15 to 20 years, answers the banker.

And then?

Then it gets very interesting, answers the American, smiling. When the
moment comes, you can put your society on the stock market and earn
millions.

Millions? But then what?

Then you can retire, live in a small coastal village, sleep late, play with
your kids, fish a little, take naps with your wife, and spend your evenings
drinking and playing the guitar with your friends.

"NOYB" wrote in message
nk.net...

"Eisboch" wrote in message
...

"NOYB" wrote in message
news


But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


The following story is appropriate if you're 55+, but not at my age.
Afterall, somone has to pay for the retirees' social security.


Mexican story
The fisherman and the rat race
.........
Sunday 6 December 1998

The author of this little mexican story is unfortunately unknown.

An American investor is walking along the water in a little Mexican
coastal village. A boat comes in the harbor, with a few tuna fish on the
deck. The American compliments the fisherman on the quality of his fish
and asks him how long it took him to catch them.

"Not too long", answers the fisherman.

"But then, why didn't you stay at sea longer to catch some more?", asks
the banker.

The Mexican answers that those few fish will be enough to feed his family.

The American then asks: "But what do you do the rest of the time?"

"I sleep late, I fish a little, I play with my kids, I take naps with my
wife. In the evening, I go see my friends in the village. We drink wine
and play the guitar. I'm busy all right."

The American interrupts him: "I have an MBA from Harvard University and I
can help you. You should start by fishing for longer periods of time. With
the benefits you'll get from selling the fish, you could buy a bigger
boat. With the money you'd get thanks to this boat, you could buy a second
boat and so on until you have a whole fleet. Instead of selling your fish
to intermediaries, you could negotiate directly with a cannery, or open
your own cannery. You could then leave your little village for Mexico
City, L.A. and then maybe New York, where you'd direct the operations."

The Mexican then asks: "How long would that take?"

15 to 20 years, answers the banker.

And then?

Then it gets very interesting, answers the American, smiling. When the
moment comes, you can put your society on the stock market and earn
millions.

Millions? But then what?

Then you can retire, live in a small coastal village, sleep late, play
with your kids, fish a little, take naps with your wife, and spend your
evenings drinking and playing the guitar with your friends.




Good story. I've heard it before but it is still refreshing.

Eisboch