Inherited knowledge

Normally, I do not get wide eyed about people’s wealth. But there was something about that impressed. They did not look rich. And they did not seem terribly special. To the contrary, they seemed perfectly ordinary, your average, nice, hardworking couple. How could they have possible amassed such wealth at such a relatively young age?

I was making good money, I was still basically living paycheck to paycheck. Some months I did manage to save a little, but more often than not I had get busy or spend too much the next month and not save a dime. Many months it seemed that instead of getting ahead, I was falling behind, working harder and harder to make ends meet.

I was of ten struggling myself. Even worse, here were the Mr. Kim who probably in their best year barely made half of what I was making and yet they were millionaires, while I was falling further and further into debt.

Clearly, they knew something about taking action with their money that I needed to learn. And I was determined to find out what it was. How could such regular people have amassed such wealth? Eager to know their secret but not knowing where to begin, I finally asked them, did you inherit any of this?

John broke out in a deep belly laugh. Inherit, he repeated, shaking his head. The only thing we inherited was knowledge. Our parents taught us a few commonsense rule about handling money. We just did what they said and sure enough it worked. The same is true for a lot of people we know. In fact, in our neighborhood about half our friends are going to retire this year and many of them are eve better off then we are.