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Hi La Jolla Renter, and others,
Since I started this thread — only to be accused or being another Suze Orman — maybe I should mention some of my lifetime financial highlights.
1. Said “yes” to every credit card offer on earth while completing grad school.
2. Bought painting by up and coming artist for $5, but then sell it under pressure a few months later. Current value $2-3 million.
3. Build up massive debt, assisted by first wife who likes $150 haircuts.
4. Bankruptcy at 40.
5. Wife leaves during medical crisis, gets house.
6. Wise up, buy real estate, marry fiscally conservative wife.
7. Cash in on real estate, and realize it took quite a while to learn to really handle money.
8. Give preachy advice to others.
JS