Age does not equal wisdom

I’ve always been known to be a hard worker and some of the time to a fault – sacrificing leisure. All work did make me a dull boy.

I remember one of my older professional contacts telling me that I should just work hard for a year and then party the next. That way, she says, I can enjoy my life. Those kinds of moments make me wonder why some people almost twice my age just don’t get the basic key ideas of working towards wealth. No wonder why she is still renting a place and struggling to send kids to school.

“Work hard, play harder” is an idea that the world instills in yuppies to make them a viable market. This work hard for the weekends not a money-smart lifestyle. And the reality is, you really don’t save in a week what you can blow in parties and such in the weekends. That’s when people resort to credit and we all know what wanton use of credit can lead to.

That’s why a lot of young people are broke or just breaking even. Any personal tragedy (the occurence of which is always a possibility) will be enough to turn their world over.

I’m all for “Work hardest now, play later.” If I can retire by 40, with a fully-paid for home, live on a decent lifestyle (with inflation factored in), and leave some inheritance why not?

Then again, work is just a part of it. You don’t necessarily earn your millions simply from working hard all your life. There’s always the frugality to cut costs, and smart investments to grow your money.

But before you can achieve all of this, there must come that “moment of clarity” and the decision to finally grow up financially.

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