jimintoronto
Well-known Member
Want to see life failures ? Go to any street people tent yard. The ones who have been "homeless for a decade " are the poster kids for "life failures ". In my 50 plus years of working for a living ( with a grade 9 education ) I have never been "out of work " for more than 3 weeks at any time.
My Wife and I own a nice home, that is worth over a million Canadian dollars, with no mortgage. We have no debts other than our annual city property taxes, and the monthly costs of food and utilities. In that 50 years I owned and operated a number of small business operations, and I employed over 40 people at one time or another. I planned for my retirement, starting in my 20's, with investments that I paid into monthly. The miracle of compounding interest was drummed into my head by my Dad who showed me how it worked. When banks were offering 12 percent interest rates on GIC's I invested as much as I could afford. JimB.
My Wife and I own a nice home, that is worth over a million Canadian dollars, with no mortgage. We have no debts other than our annual city property taxes, and the monthly costs of food and utilities. In that 50 years I owned and operated a number of small business operations, and I employed over 40 people at one time or another. I planned for my retirement, starting in my 20's, with investments that I paid into monthly. The miracle of compounding interest was drummed into my head by my Dad who showed me how it worked. When banks were offering 12 percent interest rates on GIC's I invested as much as I could afford. JimB.