“Fools make feasts and wise men eat them.”― Benjamin Franklin
Thank you for the title of this post Rob!(https://forfriendswithoutborders.wordpress.com/2020/12/04/the-book-of-life-holiday-edition/. I was writing this post when he replied to one of my comments on his blog with that saying. It fit perfectly so I borrowed it.
I have mentioned here before that I am very careful with my money and live well below my means. I have no one to fall back on and cannot collect unemployment so having savings is crucial to me.
It affords me the peace of mind when an emergency comes up and it also allows me to be able to help my family. That is the one thing I am the proudest of: the ability to provide my parents a financial worry-free retirement.
Still there are instances where I feel like a fool. Either because I was taken for a fool or because of spending that may be considered foolish.
“Wealth consists not in having great possessions, but in having few wants.”― Epictetus
I helped people that later were on luxurious vacations and flaunting expensive purchases. I helped people that didn’t even say thank you. Not that I am doing it for the glory but it feels good when is appreciated and the money goes where it is intended.
More and more I am learning to let go, to help and not look back. Once the money leaves my hand, it is on them and not on me. I am happy to say that to each person that didn’t thank me or that misuses the money there are at least 3 more that are grateful and uses it wisely.
I will not stop helping no matter what. I will take the chance every time.
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.”― Will Rogers
I am blaming Coronavirus for going to the Casino more often. After being locked in for so long, taking weekend trips to the casino feels like a mini vacation. They give me free rooms, which I more than pay for with the money I leave there, but still is a free room.
File that under entertainment. It is fun. I only take money I can afford to lose. I get to see my friend that lives nearby in Westerly, Rhode Island and I get to spend time in Mystic, CT.
I just try not to think about how many massages I could be getting with all the money I leave there ☹
“A Penny Saved is a Penny Earned” ― Benjamin Franklin
Now I am stepping in an area where I can really be made to feel like a fool:
The Stock Market:
After working in the financial services industry for 25 years and having people assume that stocks is the kind of brokerage my company does, I am finally dipping my toes in the stock market pool.
I have always dismissed it as something I didn’t know enough to play in it, as a playground for the big boys only.
About a month ago a good friend mentioned that I should put some money into a specific cryptocurrency. I opened a Coinbase account and did that. I invested very little. This week that crypto has more than doubled its value.
Excited over that potential windfall and kicking myself for not having invested more, this week I opened a Robinhood account. and invested in stocks in different areas. Seeing the fluctuation and the ups and downs is both scary and enticing.
“Alvin smiled back, and kissed her. “People talk about fools counting chickens before they hatch. That’s nothing. We name them.” ― Orson Scott Card
I remember several years ago listening to one of our brokers when he was buying bitcoin for around $50.00. At that time it was such an unknown thing. I wasn’t even curious about it. This week it increased to over $19,000.00 each. Do the math 😦
I can see that the potential for making money here is huge, but also to lose. Being an adventurous Aries I have to watch myself.
I feel like I arrived late to the party and now I need to make up for it. My very wise friend was quick to note: “Prosperity is always waiting for us”. God bless him for making me realize there is no hurry. The right time is always now.
At this point I feel I am cautiously taking a risk 🙂 That just sounded like the talk of a fool 🙂
I am curious to know your experience. Do you dabble in the stock market? What are your thoughts?
I want to add that I am aware of how blessed I am to have savings at this point. With so many people struggling it is not my intention to flaunt the little I have. I also feel it is okay for me to be proud for how hard I have worked and for the choices I have made.
“While money can’t buy happiness, it certainly lets you choose your own form of misery.”― Groucho Marx