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What's my best investment?

Come on guys! Ask something hard.

"A library card!"

At the age of 43 I had to go on long term disability. I had gone three years without working and living on savings. My wife only worked part time. When my insurance was finally settled we had just enough for a healthy down payment on a home. Before that I had never given financial well being a thought.

After transferring my retirement accounts to a stock broker on a friend's suggestion I read the statement: Never invest in anything you don't fully understand. That is exactly what I had just done.

With time on my hands I dove into the public library and read everything I could on personal finance: insurance, budgeting, home ownership, mutual funds, etc.

What are my returns?

1. We only borrowed $40,000 on our mortgage but paid it off in 3 1/2 years saving $18,000 in interest charges.

2. We have zero debt.

3. After reading everything I could about them I discovered mutual funds were not for me and am actively DRIPping and writing about DRIPs for magazines.

4. I learned the ins and outs of the financial world and can put any salesperson/ charlatan on the defensive by asking questions that instantly tell them they are dealing with a FOOL.

5. I learned about resources, like the FOOL, that help me make informed and intelligent choices.

6. I learned enough that, though technically on a pension that is just above the poverty level and starting with a bank account near zero after the down payment, 8 years later my wife and I are in a position to consider buying a revenue producing property.

A library card costs nothing, nada, zero:

Zero divided into any gain is Infinity!

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When Life Gives You Lemons
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