This quote is attributed to Henry Ford II who had more wives than Henry VIII and ran Ford Motor Company. Successfully.
The point is don't look back and don't bitch.
I just got off the phone with an acquitance. An acquitance is almost a friend but not quite. Anyway, I like the guy. High school education, Vietnam vet, worked at a bunch of jobs, saved some money, has two kids doing pretty good, owns his own house, cash he can get his hands on quickly--about a million. Hey, pretty good for a working man.
But everytime I talk to him I know that somewhere along the line he will bring up his BIG, STUPID investment. Seems he invested a big chunk of money--$250,000 or so--into the dot.com deal through a broker with a big name investment firm that will remain nameless. Went up to about $750,000 and my friend/acquitance sold. Got out, clean and simple.
And then got back in. He blames that move on his wife which must make things a little tense at home because the $750,000 went to $100,000.
It crawled back up to about $300,000 and he got out. But he sure hasn't forgotten about it.
Each time I talk to him I try to steer away from the dot bust and back to his kids, his IRA, his paid up house, his rental houses, his great investment in San Diego townhouses but no, the talk always centers around the dot deal and that son of a bitch broker. My friend expends a lot of energy on that guy who, surpise, got cashiered out of the investment business and is probably in jail right now. Which is probably a good thing for him since I'm sure my friend would blast him away with a M-16 if he had one.
We all make mistakes, pass on good deals, invest in bad ones. I should have bought a house in San Francisco when I was three but I didn't. The real thing to avoid is betting the house on one deal. Or if you do, be ready to lose it all and walk away. People that buy businesses or start a business, do this all the time. That's fine but be ready to lose everything and be ready to start over again.
The only thing I fault my acquintance for is ignoring the good and concentrating on the bad. It is the human thing to do but try and avoid it. It is a waste of energy. Take that energy and focus it elsewhere.
You won't always be successful. I'm not for sure but I try.
Finally, things could be worse. When Margot and I went to France to set her up there at school we took a sidetrip to Normandy and Omaho Beach. Think Saving Private Ryan. It was a cold, blustery, damp and miserable morning. Standing on the beach I looked out at where those soldiers had to get out of the boats and where many died. I turned to Margot and said, When things really get really, really bad--think of those guys.
That will get you through just about anything.
My children at taught to save their money and pay cash for everything. No buying things on credit!
Posted by: storage auctions | January 27, 2012 at 01:51 PM
I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity are so fantastic and working style so speedy. I think it may be help all of you. Thanks a lot for enjoying this beauty blog with me. I am appreciating it very much! Looking forward to another great blog. Good luck to the author! all the best!
Posted by: SEO Freelancer | January 18, 2012 at 02:06 AM
Definitely a great post. Hats off to you! The information that you have provided is very helpful
I hardly ever write comments on blogs, but your article urged me to praise your blog. Thanks for a great read, I’ll be following you.
Posted by: Fast Cash Payday Loans | January 18, 2012 at 02:04 AM
Thanks Uncle Bill. You truly have to live and learn in this rough life of ours.
Posted by: spotting during pregnancy | January 06, 2012 at 07:12 PM
You are so inspirational and talk sense. Please keep up the amazing work.
Posted by: Rackmount LCD Monitor | January 03, 2012 at 09:30 PM
Thanks for the bunch of good resourceful site.It's beautiful pic. and i enjoy very much here . i would visit to again here.Looking forward.I really happy to read this post
Posted by: IHT Guide | December 27, 2011 at 03:26 AM
I read your article and I keep reading your content.. its very interesting
Posted by: India SEO | December 26, 2011 at 12:33 AM
It was a wonderful chance to visit this kind of site and I am happy to know. thank you so much for giving us a chance to have this opportunity! I will be back soon for updates.
Posted by: SEO India | December 26, 2011 at 12:32 AM
Thanks for the info. The net is so cluttered with crap it's becoming difficult to find exactly what you're looking for nowadays.
Posted by: Bella | November 07, 2011 at 05:20 AM
Cool. Seems like I'am a new in blogging. Congrats for making possible to create this blog. I am looking forward for more of your post here. Good Luck!
Posted by: cfp jacksonville | October 20, 2011 at 04:49 AM
Failure by that committee would trigger automatic cuts in programs beloved by Democrats and Republicans, respectively, unless Congress later this year passed a Constitutional amendment requiring balanced budgets.
Posted by: Burberry Handbags | July 31, 2011 at 08:51 PM
this is really great.
Posted by: dating | July 22, 2011 at 07:48 AM
Thanks for providing such useful information. I really appreciate your professional approach. I would like to thank you for the efforts you made in writing this post. I am hoping the same best work from you in the future as well.
Posted by: best airline miles credit cards | June 03, 2011 at 01:35 PM