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Friday, March 12, 2010

The Cost of Money

Money is a burden. I know, I know, you wish you had that sort of burden. Think of money like having pets. If you have one pet, there can be great enjoyment and the care of the pet takes up a minimal amount of your time. But what if you have three pets? Now, you spend a lot more time caring for them and, the odds of one of them being sick goes up. Ok, let’s say you had 50 pets. This is a full time job. You will even need to hire people just to help you care for all those pets and now you not only have to worry about the pets, but also the people taking care of the pets. Are they doing a good job? Are they stealing the pets?

Money is just another high maintenance possession. If you own a home, you’ve probably felt the stress of the possibility that you won’t be able to pay the mortgage. Imagine that your mortgage was $50 million. If you are unable to continue earning the income you need to support that mortgage, the loss could be devastating. People at that income level can fall very fast and very far.

To me, the best situation is like I always say about pools. The best pool is your neighbor’s. Sure, you don’t get to use it any time you want (unless your neighbor is really nice), but you get to use it once in awhile and you don’t have to care for it the rest of the time. I have a few family members who have a lot of money. Every once in awhile, they let me take a dip in their pool. I am forever grateful for their generosity and also for sparing me the stress of worrying about all that money.

So, next time you come across a rich person, who is living in the lap of luxury, tell them, “I feel your pain.” Hey, rich people need love, too.


  1. Its interesting that wrote this a day after you flew on a private jet to spend the weekend in Aspen. The guy who flew you is very happy to be able to do it for himself and his family and really feels no extra burden. Sometimes two dogs is better than one. People may find find themselves with nothing materially and learn how to live their lives happily with less, however, the American dream is alive and well and it is not wrong to seek it.

  2. Apples, oranges, pets, money. I have wanted to live in a home here in California that overlooks the mountains. A friend said to me the other day that she would rather overlook a forest. Mountains are brown around where we live, boring, she says, desolate looking. So now I don't feel too badly that I don't see the mountains from my home; your blog notwithstanding, I'd still like to have lots of money.