Uncle Bob always has the sure-fire investment that he’s confident will make us rich. Ever wonder why he is just as poor as we are?
It seems to be human nature to not only want to get rich quickly (consider all those who purchase lottery tickets), but also to be assured that it can be accomplished risk-free. When it comes to money–and life in general–we want safety, security, and peace-of-mind. In short, we want to know that whatever time and resources we invest will be rewarded, or at least “returned” with their original value. That is, we want a money back guarantee.
Trouble is that there are no financial guarantees, and only a few life guarantees. Even the oft-quoted guarantees of “death and taxes” are only partly correct as many don’t even pay taxes.
Then what is the point? Why bother if there is no guarantee that things will work out as planned? Why not have a great time today (or as someone said “eat, drink, and chase Mary”) and worry about tomorrow . . . well, tomorrow?
Good questions. Even though practicing sound principles of money management (Financial First Aid) does not guarantee success, it greatly improves one’s chances of financial success. That is the point.
And, I can almost guarantee that Uncle Bob will lose your money!