Both of you have investments and thankfully have got the savings bug. That's very good discipline. I've seen poverty closely kids and it's not fun at all. Not at all. Specially when you're old. That's the worst part kids because you cannot make money at that time and have to rely on people's handouts.
It's soul destroying to ask for money. I've seen your grandparents in extremely difficult circumstances as far as money is concerned kids. Never ever allow yourself to get into that situation.
You may have lots of money kids. You may invent something big. Or one of your lottery tickets comes true. Or an investment pays off. But always be grounded.
See the story of these athletes. They are like flashes in the pan kids. They earned loads and then whoosh. All was gone.
Read and learn. And remember the rule kids, save 1/3rd of your money. Every month. As much as possible.
Recession or no recession, many NFL, NBA and Major League - 03.23.09 - SI Vault
What the hell happened here? Seven floors above the iced-over Dallas North Tollway, Raghib (Rocket) Ismail is revisiting the question. It's December, and Ismail is sitting in the boardroom of Chapwood Investments, a wealth management firm, his white Notre Dame snow hat pulled down to his furrowed brow.