I was reading an article on WSJ and it ran jitters through my spine. The article was about a Wall Street employee who lost everything due to the market meltdown. This person, who was once earning more than 200, 000 dollars a year, now earns 25,000 dollars and works as an escort to seat hotel guests. It’s hard for me to comprehend how people can go through or cope up with such transitions in lifestyles. Reading through the article, I felt like this person was making good financial choices like having an emergency fund, a saving account etc but in spite of all that his family could not escape the wrath of a failing economy. While I work hard and hope that I never get myself into those situations, it’s often too easy to forget the life lessons. Give it a read; it might make you more committed to your financial goals. Hey, the wise always learn from “Other people’s mistakes”.
I am a 20 something opinionated positive thinker working towards establishing a sound financial future.I will be blogging about topics and issues that a 20 something is expected to make decisions about or has questions about. So lets share and learn.