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The young men splinted in different directions:
One went to work for a leading financial institution of Wall Street.
One became a photographer, opening a frame shop in Manhattan.
One stated a business as an importer of fine wines and craft beers.
One trained as an engineer.
One build homes across the Mid-Atlantic States.
When they got together, despite the gap in income levels and bank accounts, they were all happy, not happy in precisely the same ways, of course, but happy. Their needs were met. Many of their hope and dreams as well.
How much money would it take to reach financial security or fund their retirements? The Wall Streeter though he had to save at least $20 million to maintain his present lifestyle without having to work. The Manhattan photographer thought $10 million would do the trick. The real estate developer thought he could manage on $5 million, especially now that kinds were out of college. The wine merchant had recently remarried. In spite of welcoming new baby, he was counting on net egg of $2 million. And the civil servant, the one who had been conditioned to live within his means and to look ahead to a steady pension for the rent of his life, thought he could live worry free once his passion kicked in and he started collecting Social Security benefit.
You create a plan that meets your needs that works for you and your stick to it. That is success, plain and simple. If you are scrambling, constantly competing with others’ views of success or financial independence and trying to achieve an elusive goal, you are going to fall behind and become frustrated. If you are chasing someone else’s goal, you also lose. It does not matter how much your neighbor has, what kind of car he or she drives or the vacation he or she takes. This plan is about y9ur, only you and no one else.
