Friday, March 12, 2010
The Cost of Money
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.