Please welcome Jacob Merkley to the blog today.
My wife, daughter, and I spent the tail end of December and beginning part of January staying with my in-laws. It was great to spend the holidays with family and I walked away having learned a very valuable financial lesson, one that I most certainly wasn’t planning on learning.
My in-laws are very well off. And when I say “well off”, I mean that they live in the richest part of our city, have a mansion for a home, a $150,000 boat, a few cars that total over $200,000 combined, and an investment portfolio that I can only dream of. They definitely have a few million to their names.
Previous to this trip, I had never stayed with my in-laws before and I guess you could say that my eyes were opened as to how they got to where they are financially. I had always chalked it up to their ability to make money, but I learned that it had nothing to do with how much they made.