No. of Recommendations: 6
"So what was "the Event" that woke you up from our societally induce consumer hypnotism and made you realize the path to freedom?"

When the ex-wife decided she was leaving and my plans vanished that she would go to grad school then get a job while I went to grad school. At that point I didn't feel like doing much - so I didn't. I was surprized how much money I had been spending without realizing it. It became very clear that spending money didn't make me happy. I started reading and listening to audio books a lot more. About that time it became very obvious my aerospace job was about to end also. The saying "If it is to be, it is up to me" showed up on a TV commercial and I saw it in a whole new light.

I left the aerospace job a couple of weeks before the announcement the plant was closing. I started my own business working FOR myself. I developed a whole different view from the perspective of a business owner. I listened to tapes about multiple streams of income and saw the wisdom. I started a second business - both of which have one employee, me. I quit spending so much money needlessly. Everything was paid for in cash. As the businesses made money, I started buying rent properties. (Those I had to mortgage, but that was the only real debt I took on.) Yes, I now have three businesses with one employee - or is that 1/3 employee for each business?

I still read a lot and listen to audio books. I guess I like to learn. A lot of good lessons and even TMF came of that. I read "Rich Man, Poor Man" and "Die Broke". I learned a lot from both, even if I don't follow any advice verbatim. I have also re-married and DW and I are planning for and funding our retirement. Fortunately, DW agrees with me on financial issues, and most other issues as well. We are both a lot happier than we ever were before we met. We are into an active life - snow and water skiing, mountain biking, windsurfing, etc.

I have to say that people living "the American dream" that advertizing shows are likely to be headed for disaster. I see that a lot when running credit checks for rent properties. And I'm talking about honest, hard working, people who haven't made consistently poor decisions. I think there are WAY too many people headed for disaster without a medical problem, job loss, divorce, or other such 'one time hardships'.

I want to mention that multiple streams of income again. I have been down with a broken leg since the end of February (stuck my boot in a tree while snow skiing). One of those businesses has not had it's fair share of employee because it requires an able body. If I hadn't developed the other two incomes, I would have run through any reasonable efund by now. I'm hoping other fools can learn from my experience.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.