On... Survival Skill
The money is not the most important, the making of the money is. What does that mean? Having a stable job and accumulating wealth is a must for retirement, however the ability to make money is even more important. I can probably rely on my wife ( who has a stable job ) to keep us going and saving her salary to prepare for retirement. However, I feel that just gives me a false sense of security. Two things happened in my life that led me to think this way. I used to have a good paying and relatively stable job. At some point in time, I left that job and moved to Australia. At probably the worst time as the oil price tanked and I got laid off. My professional skill was not in demand anymore, which highlights just how fragile it is. I own two houses. One was wrecked by the tenants and the other got broken into. That shows how easily your wealth can be taken from you. So, I had money before and was building my wealth. But wealth can disappear easily. My ability to ac...