DISQUS

I really enjoyed this article. Knowing that you have the ability to say go to hell if you should so choose would really lend some peace of mind to situations that may desperately need some.

My only problem is, it's a large amount money that would only need to be accessed in a dire situation. So you'd need it at the drop of the hat. Which rules out it being tied up in say, a CD.

It's nigh impossible to get some of these lessons across to arrogant kids bent on doing their own thing. While I was in full on debt accumulation mode I had coworkers tell me about the dangers of credit cards and spending beyond your means.

I think the issue is some stupid kids (like myself back in the day) aren't told these things, but just don't listen.

But it's always good to get the information out there. I especially found points 4 and 7 useful. That's all you need, really. Some smarts and a body that isn't made of jello pudding pops and grape soda. The rest will fall into place after that.

I must say I agree with number 2 the most. While I've never been to NYC, I can attest that the cost of living in Boston is a world of difference than the cost of living in Southern New Hampshire.

Sometimes it is laughable.

Certainly a very interesting and informative post in the least. As I read it I find myself thinking back to one of my fiance's former bosses.

He essentially generated all of his income with his existing bank account. He bought and ran franchises, more or less. He was the kind of guy really concerned about his net worth and how it reflected onto him as a person.

He even went so far as living in a ritzy area, Bedford, NH. But his home paled in comparison to all those around him (200k range, when everone else has 800k+)

In the end of things, no matter how much he was actually worth he couldn't come up with the liquid assets to open up any of the big cash cow franchises, like McDonalds, Dunkin' Donuts, et cetera. Every cent he had was tied and hard to cash out.

So you certainly make a point, and it's a breath of fresh air to hear someone blogging about net worth like a tool, versus a score in Pacman.