Gilligan
Member
Former NBA Player Joe Pace Goes From Glory to Homeless Shelter
http://www.foxnews.com/story/0,2933,356470,00.html
A couple of things caught my eye in this story, one quote from Pace: “Sometimes I don't want to wake up, I'm so sad," he said. "Sometimes I wake up crying and say, 'What did I do to be like this?"'
This reminds me of the saying, “If you fail to plan, you are planning to fail.”
Then his case worker, Selina Daniels, says, “ You just can't take life for granted. We're all one paycheck from being homeless."
I think most of the members on this form are not in this boat. We are planning to succeed and get our financial life in order so we won't be homeless. I remember back in October of 1996 or 1997 when Clinton and the Republican Congress didn’t agree on the budget and we went for about a month or 6 weeks without a paycheck. This is a good reason to be debt free. If the paychecks ( or Direct Deposits) stop I will be able to keep my house because it paid for, I have zero personal debt, (I still have a couple of commercial properties that I’m paying on, but they are bringing in a positive/passive cash flow.)
This is a good story of why we need to have our financial houses in order. Pace was only making $35,000 a year, but that was 30 years ago. You could but a nice house for $35,000 back then. Like I said before, most of the members on this form are planning to succeed. It doesn’t matter what your GS level is, or how much money you earn. But it does matter how you spend your money and what you invest in, and manage those investments.
http://www.foxnews.com/story/0,2933,356470,00.html
A couple of things caught my eye in this story, one quote from Pace: “Sometimes I don't want to wake up, I'm so sad," he said. "Sometimes I wake up crying and say, 'What did I do to be like this?"'
This reminds me of the saying, “If you fail to plan, you are planning to fail.”
Then his case worker, Selina Daniels, says, “ You just can't take life for granted. We're all one paycheck from being homeless."
I think most of the members on this form are not in this boat. We are planning to succeed and get our financial life in order so we won't be homeless. I remember back in October of 1996 or 1997 when Clinton and the Republican Congress didn’t agree on the budget and we went for about a month or 6 weeks without a paycheck. This is a good reason to be debt free. If the paychecks ( or Direct Deposits) stop I will be able to keep my house because it paid for, I have zero personal debt, (I still have a couple of commercial properties that I’m paying on, but they are bringing in a positive/passive cash flow.)
This is a good story of why we need to have our financial houses in order. Pace was only making $35,000 a year, but that was 30 years ago. You could but a nice house for $35,000 back then. Like I said before, most of the members on this form are planning to succeed. It doesn’t matter what your GS level is, or how much money you earn. But it does matter how you spend your money and what you invest in, and manage those investments.
