Tag: money

Never Pursue Your Dreams…Unless…

Don’t Buy Into Think And Grow Rich, Nor The Power Of Positive Thinking Nor Rich, Dad, Poor Dad!

I’m going to tell you the harsh truth. Never, ever pursue your dreams UNLESS you have fulfilled the following (see below article) criteria. If you squawk and attempt anyway here’s the short list of what will undoubtedly happen: you will fail. You will never make money, in fact the years chasing your dreams, could have been the earning years – yes, punching a timecard, yes, doing what you hate.

Do Not Attempt To Follow Your Dreams/Goals UNLESS You Meet These Criteria:

A) You Have Support

This may come in many forms; emotional/physical usually from your parents or grandparents. Or in the fairy tale form of a wealthy, childless benefactor. Someone who is dedicated in encouraging you, believing in you, guiding you and spending time with you. Taking you to and fro – without complaining. And hopefully funneling money into…

B) Education

Not the grade school/ high school variety. Not the local vocational school. You need lessons, whether it be creative – music, arts or practical – business, construction, you must have a higher education. You had better start early. You need all of the lessons, recognition, fearlessness at the youngest age possible. College, university, graduate school, more than a bachelors in something. You need a full-on master’s or several degrees to be impressive and command your area. Why? See next line.

C) Networking

With the support of A) your parents, etc., in addition to B) all of your extracurricular activities honing your craft or interests, combined with the wallop of an extensive higher education – all this leads to exposure. With this attention, from teachers, local admirers and for this article’s sake a letter of introduction from your benefactor – comes connections. If there’s enough financially invested, purchase a headhunter. This consummates into a ‘deal.’ A real Bonafide position in your choice of field. Make no mistake ALL of these are crucial to true financial and critical success.

D) Extrovert – Not Introvert

Waiting to be ‘discovered’ does not ever happen. You must be an extrovert. With the must-haves of A), B), and C) even the most introspective author, artist, musician or philosopher child prodigy will have the confidence and security to effortlessly present themselves. This perfect storm will seize success.

Where Is Talent?

Notice that talent is not on the list. Why? Shouldn’t that be first? Without a modicum of talent, how does one succeed? Have you forgotten that other old adage – practice makes perfect? If there is even a mustard seed of attention given to one subject; repeat this over time and you become an expert. Ask anyone who punches a timecard. They do the same job day after day and they too are an expert. So, it goes with talent. Is it not often said “a little talent goes a long way?”

Don’t Quit Your day Job – Get A Real Job

There is a reason why these phrases were coined. That reason? They are WISE. Learn from them. The world is not your oyster. Do not dismiss this, I’m parting wisdom upon you. Heed it. You must be pragmatic. Do not set yourself up for failure. Slow and steady wins the race. Work at what is practical in your part of the country. Keep contributing to your companies 401K or equivalent. Yes, you will always be a worker ant, never climbing up the ladder. But something happens after decade upon decade of working. Slowly but surely, you start to acquire things. Material things for sure like a home, a car maybe three, a motorcycle, a boat, jewelry, savings. It wasn’t want you anticipated for your life. But I’m sure you’ve heard the term “starving artist”? How many of those do you know? I know plenty. And I do not want you to be among them.

The Will – Bring Out The UGLY

Bring out your dead…and out come the wolves!

I found out the hard way; family doesn’t stick together once money – big or small is involved. All of the promises made by my siblings, their words given to me, meant nothing. They wanted their share. No matter that Dad is still alive and I’ve been taking care of my parent’s property, outbuildings, and any needs or wants prior to mom’s death. No, they “permitted” me to do these; while living their lives carefree, without thinking twice about who’s minding the store.

The Verbal Agreement

Over the decades, my older brother and sister repeatedly had told me that they both wanted me to have our childhood home. Afterall, they had families and homes of their own. They had each stressed all of the work, care, time and money that I had contributed to our parents’ lives. I of course, did this out of obedience both to God and my to parents. It is the fourth commandment.

Mom Died, Then My Sister

Once the initial shock of losing them both back-to-back, had begun to ease, Dad made an appointment with his senior attorney. I went with Dad. Not only did the will need to be totally redone, but all beneficiaries changed for life insurance policies, all titles such as house and cars needed to have a beneficiary named and a transfer upon death form completed. The same for all bank accounts, holdings, deposit boxes, etc. She wanted this done as soon as possible and gave him two weeks to execute this. Another thing the attorney stressed was the house. Unbeknownst to me, three years prior when mom and dad had their will done by this same attorney, an in-depth discussion ensued. And it revolved around me. For at that time, I had been giving mom one of my two-week paychecks. She needed it for her treatments. Her disease was rare called Pemphigoid, and her health care would not cover her care outside her network. And the specialist she needed was outside her care. At that point, she had received one thousand a month from me to cover her treatments, for the last three years. Mom had told me that she would apply this money to her ledger, and it would go against “buying out” my younger sister. For mom knew that she would not relent to my receiving the house without her due share. (I dismissed all of this. For I felt that mom and dad would live another decade or more. Why, because they had each other and I did most of the hard work. Also, my younger sister [by only a few years] had told me on several occasions that I should have the house. Thus, keeping it in the family.) Ironically, at this time period an old family friend was this attorney’s receptionist. This friend told me recently that the attorney, who rarely spoke her opinions to her staff, let everyone know how impressed she was. The fact that I helped my aging parents live their lives out in their own home, while doing all repairs and upkeep at my cost, plus helping mom survive. I won’t forget it, and neither did the attorney. I had never met her before this meeting, but she paused and said to dad that now we needed to talk about me.

How I Played A Major Role In The Will

During this time, my older sister was actively dying, though it was not immediately communicated to us. The attorney, who asked if any children were disabled, then learned of our oldest sister. She had a rare form of Alzheimer’s called Benson’s Syndrome. She would die two weeks later. Then the attorney went onto to say that the next order of business was to ensure that I get the family home. I did not yet know about the years earlier discussion with mom. Nor was I expecting a candid conversation about the ‘purchasing’ of the house from my siblings. I remained quiet. Listening to dad talk about how they all expected $50K each or $150K for the house, I became anxious. Yes, the house is worth an easy $450K, but I was told worst case scenario paying my younger sister $50K from my retirement savings. Again, when I retire, from my 401K earnings! We she asked me if I could do that, I then spoke up and said that my oldest sister and brother are foregoing their share, and I was expecting my other sister to follow suit. If she doesn’t, then mom said $50K for her. Dad said: ‘They may have said they wanted you to have it. Don’t count on it, people get funny when there’s a will.’

They Did Get Funny About Money

Almost instantaneously, my brother wanted his share, along with of course my younger sister. Once my older sister had died, then dad without hesitation, cut out her husband and son from the will. No possessions, nothing. Several trips back and forth to the attorney’s office. Many meetings with her team to sort out insurance payments, titles, transfer upon death forms. Dad was secretive about the doling out of their possessions. His closely regarded valuables, mom’s jewelry, heirlooms-were all pawns for him. One week this went to my brother, the next week, no. By cutting out my older sister, now everything was split three ways. Long ago it was decided by my parents to go by the taxes only, to keep the house purchase by me affordable. So the sum I needed to pay for each share? $66,667.00. You read that right…

Leverage

After receiving several nasty calls from my brother stating (without prompt or provocation) that he never said he was going to give his share to me. Just for him to do an about face here and there, I wasn’t sure who to trust. My younger sister couldn’t wait to shout: “I’m not getting screwed out of my inheritance!” That cemented it. I had to pay her. Meanwhile my deceased sister’s husband wanted to vouch for me. Her knew my sister had told him that she wanted to forgo her share for me. My cousin, second that. Word spread and my extended family learned of the drama over the will. Now, the attorney wanted a meeting to draw up a family agreement.

The Family Meeting

You could feel the chill. No one looked each other in the eyes. And as per usual, I had to pick my brother up and take him to the meeting. For years now, this had become a routine. But if he were to be a Judas to me – he can get his own ride! Dad said no. He claimed my brother was going to keep his word to me, though reluctantly. I had heatedly told dad the night before, if I was to be expected to pay out $134K, I might as well go to our nearest city. I could get two homes for that! No joke. I told him I’d move out and let my younger sister take care of him. For mom had told me at the most $50K for my sister. Thinking, for he knew the consequences, that he would wind up in a senior home, he became frightened. He told me later, that he called my brother and struck a bargain with him. If he kept his promise to me, dad would leave him his Model A, his tools, contracting equipment, guitar equipment and coin collection. But my brother demanded dad’s prized electric guitar, too. Dad would not relinquish the guitar, no that was dad’s leverage. Also, he proposed the $50K to my sister.

Back to the meeting, when the attorney asked if my brother wanted his share, he quietly said; “No.” Thank God. Now onto my sister. For clarification, there are seventeen barn cats on the property. I’ve taken care of them, too. Some are feral. All but one have been neutered or spayed. The oldest at that time was 17 years. She used them as collateral as leverage to get what she wanted. Extortion. It was ugly. She looked at the attorney and said, “I’ll take the $50,000 if she takes all but two of the cats to a no-kill shelter. What’s it going to be. The cats or the house?” I was not expecting such a low, manipulative, evil, disgusting, heartless blow from my own sister, who I doted on in her life. She’s sick, a bi-polar off her meds by her own admission. It was despicable. I stood up, I told her that she was not to touch those animals. I was ready to walk. I meant it. The attorney shouted for me to sit down. She said this is easy to rectify. You will pay her upon your father’s death $66,667.00. My sister smugly agreed to this.

Not Too Fast – Still Greedy

The attorney would get back to us in approximately 3 weeks, papers drawn each of us were to sign and it was written in stone. Oh, no. Three months went by, why? Because my brother and sister were bickering over the phone. My brother wanted to know why she was so greedy. They could each have received $33,000 from me. She took offense and called the attorney! She told the attorney that my brother needed his share! She stirred up more trouble. So, when I thought, I was going to sign the final papers, I was met with the question of buying my brother out for another $66.667.00! So $134K of my retirement. The answer was no. I stood up and said I’m done. She asked me to step out of the room while she spoke to dad. Later I was called in. Dad would add more of his savings to brother’s tally. This he felt, would level the shares. After we left, I let dad know that if they did not sign this agreement in the next two days, I was pulling out, moving out and I could care less. I meant it. Oh, they beat feet to sign it.

At What cost?

All of this to fulfill my promise to mom to keep it in the family. All this so I could leave it to my deceased sisters’ grandson. All of this nonsense so my dad could stay in his home. For I am just the curator, the steward, the target of contempt. This is a cautionary tale for you, please learn from it.