Monday, June 20, 2011

Money and Divorce


I loved Barry Ritholtz's article in The Washington Post on Sunday, Life Lessons From the Super Wealthy.  There are lessons in it for those not already dealing with those of us in the Trenches, for those working with us in the Trenches, and for those who are leaving the Trenches.  Lots of folks think being "cash rich," having a certain lifestyle and owning material objects will make them and their families happy.  What happens while they are building this lifestyle and amassing their "riches," is that they don't tend to the home fires, and they don't invest in memories. So, by the time they "make it," they find they don't know their children and they've stopped connecting with their spouse.  They end up in "The Trenches."  For clients in the Trenches, stuff is just stuff, and you need to take each day as it comes, but plan for your future.  For those on the other side of the Trenches, learn from your mistakes, and remember the "7 Rules."

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