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post #131 of Old 06-01-2012
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Re: Your ONE piece of wisdom...

Originally Posted by rockDAWG View Post
I am not sure if this is a piece of wisdom or not, but it works for me.

It was derived from my father's saying long ago when I was a teenager.

He said: Son, if you make a dollar, you must save 95 cents and only use 5 cents.
i did not listen to him exactly, but I did save 50% of my income always.

Derived from this:
Never buy a boat unless you are retired. Let's sail others boat.
I'm glad I didn't take this advice. I'm 35 and sailing. If I got hit by a truck tomorrow, I would have one less regret.

Nelson Abreu
Serenity Now
Coronado 25
Insanity Later
Walker Bay Dingy

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