Comments on: Reader Stories: Making friends in ‘God’s Waiting Room’ http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Sun, 19 May 2013 20:20:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Thad http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3117452 Thad Sun, 25 Nov 2012 23:45:26 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3117452 This has so much good stuff in it. Older folk are an amazing resource to learn from. Thanks! This has so much good stuff in it. Older folk are an amazing resource to learn from. Thanks!

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]]> By: Catherine http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3110632 Catherine Wed, 21 Nov 2012 14:30:28 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3110632 To be blunt, I love old people. haha. Their stories and outlook on life puts everything into perspective. While I don't have a lot of 'older friends' we tend to spend most of our time with older family members and I always book more time for a few of my older patients b/c I love chatting with them so much :) Great post! To be blunt, I love old people. haha. Their stories and outlook on life puts everything into perspective. While I don’t have a lot of ‘older friends’ we tend to spend most of our time with older family members and I always book more time for a few of my older patients b/c I love chatting with them so much :) Great post!

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]]> By: Kelly@Financial-Lessons http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3108702 Kelly@Financial-Lessons Tue, 20 Nov 2012 14:35:06 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3108702 Love it. My grandmother was so inspirational in the same way your friend K is. She wanted to stay busy during retirement by helping people because she had enough money to not work to make an income. I want to be comfortable enough to not HAVE to work, but want to find things to do that can benefit others when I'm that age. Love it. My grandmother was so inspirational in the same way your friend K is. She wanted to stay busy during retirement by helping people because she had enough money to not work to make an income. I want to be comfortable enough to not HAVE to work, but want to find things to do that can benefit others when I’m that age.

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]]> By: fantasma http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3106852 fantasma Mon, 19 Nov 2012 17:42:38 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3106852 Sorry everyone just realized all the typos* I am single and do alot of things retirees do and it is beyond daunting these people have so much money I doubt I will ever reach their tax bracket. I was considering not participating anymore just because I am out of my league but my outlook has changed. Sorry everyone just realized all the typos*
I am single and do alot of things retirees do and it is beyond daunting these people have so much money I doubt I will ever reach their tax bracket. I was considering not participating anymore just because I am out of my league but my outlook has changed.

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]]> By: Laura http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3106522 Laura Mon, 19 Nov 2012 14:59:40 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3106522 The ability to get a mortgage is supposed to be based on your ability to pay it, not your age. So I would guess that the 80 year old had enough assets that the bank believed were "liquid" that they believed she could make the payments. Without knowing someone's complete situation, we need to be careful about generalizations. That 80 year old might have a ton of money in investments, but not be willing to sell any. Not logical, but then we all make illogical decisions sometimes. The ability to get a mortgage is supposed to be based on your ability to pay it, not your age. So I would guess that the 80 year old had enough assets that the bank believed were “liquid” that they believed she could make the payments. Without knowing someone’s complete situation, we need to be careful about generalizations. That 80 year old might have a ton of money in investments, but not be willing to sell any. Not logical, but then we all make illogical decisions sometimes.

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]]> By: Karen http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3106162 Karen Mon, 19 Nov 2012 11:47:43 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3106162 I'm 33. My husband and I live in the Sarasota area and also have the same "problem" of most of our friends being older. I've learned so much more talking to them than to people my own age because of the collective years of experience and the wisdom of perspective. But the best part about being friends with older people is being gifted a sourdough starter that they've nurtured for almost 20 years! I’m 33. My husband and I live in the Sarasota area and also have the same “problem” of most of our friends being older. I’ve learned so much more talking to them than to people my own age because of the collective years of experience and the wisdom of perspective. But the best part about being friends with older people is being gifted a sourdough starter that they’ve nurtured for almost 20 years!

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105592 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:31:22 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105592 Never give up Fantasma =) Keep reading GetRichSlowly.com and you'll get there! Never give up Fantasma =) Keep reading GetRichSlowly.com and you’ll get there!

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105582 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:29:47 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105582 Thanks Justin! When I think of K&D I'm always astounded at how many different projects they had that turned into small businesses. When they learned a new skill, they would try to monetize it; some worked out, others didn't. Social bonds take work to keep them strong, and we strengthen our bonds with the people we find fascinating...I've heard that you are the average of your 5 closest friends. Thanks Justin! When I think of K&D I’m always astounded at how many different projects they had that turned into small businesses. When they learned a new skill, they would try to monetize it; some worked out, others didn’t. Social bonds take work to keep them strong, and we strengthen our bonds with the people we find fascinating…I’ve heard that you are the average of your 5 closest friends.

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105562 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:25:51 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105562 Yes, I love MND! I think it was the first personal finance book I read and it heavily influenced our thinking over the past decade or so. My mother gave it to me after she found out that my grandfather had more than a million dollars when he passed away...we never knew. You're lucky to have such a good G'pa! Yes, I love MND! I think it was the first personal finance book I read and it heavily influenced our thinking over the past decade or so. My mother gave it to me after she found out that my grandfather had more than a million dollars when he passed away…we never knew. You’re lucky to have such a good G’pa!

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105552 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:21:32 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105552 Yes, I can't help but notice that banks always seem to get their money somehow. Perhaps its because of the golden rule? "He who has the gold makes the rule!" Yes, I can’t help but notice that banks always seem to get their money somehow. Perhaps its because of the golden rule? “He who has the gold makes the rule!”

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105522 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:18:39 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105522 In our area of Florida, the older set didn't seem to be hit as hard in the financiapocalypse as the younger generations; perhaps because of their already generally high net worth. It sounds strange to give a senior a 30 year mortgage, but most people don't pay their mortgages off regardless of their age. In our area of Florida, the older set didn’t seem to be hit as hard in the financiapocalypse as the younger generations; perhaps because of their already generally high net worth. It sounds strange to give a senior a 30 year mortgage, but most people don’t pay their mortgages off regardless of their age.

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]]> By: Mr. PoP@plantingourpennies.com http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105512 Mr. PoP@plantingourpennies.com Mon, 19 Nov 2012 02:14:17 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105512 Awww, thanks Peach! Mrs.PoP is putting all the nice comments on our fridge =). We're thinking of doing a series of interviews with our older friends who have some wisdom to pass on. Awww, thanks Peach! Mrs.PoP is putting all the nice comments on our fridge =). We’re thinking of doing a series of interviews with our older friends who have some wisdom to pass on.

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]]> By: fantasma http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105432 fantasma Mon, 19 Nov 2012 01:19:54 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105432 This came right on time I have interpreted this in another manner. I am single and do alot of this retirees and it is beyond daughting these people have so much money I doubt I will ever reach their tax bracket. I was considering not participating in anymore just because I am out of my league but my outlook has changed. This came right on time I have interpreted this in another manner. I am single and do alot of this retirees and it is beyond daughting these people have so much money I doubt I will ever reach their tax bracket. I was considering not participating in anymore just because I am out of my league but my outlook has changed.

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]]> By: Justus http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105372 Justus Mon, 19 Nov 2012 00:41:14 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105372 Why shouldn't banks lend to an 80 year old? Because the 80 year old might not be around to finish paying it off? Perhaps banks should only loan to people who never move in 30 years, then. Why shouldn’t banks lend to an 80 year old? Because the 80 year old might not be around to finish paying it off? Perhaps banks should only loan to people who never move in 30 years, then.

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]]> By: Justin@thefrugalpath http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105262 Justin@thefrugalpath Sun, 18 Nov 2012 22:41:21 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105262 Your friends K&D seem to have lived the path that my wife and I are trying to find. It's great that you have so many friends whom you can learn from in many ways, including financially. I wish you the best of luck on achieving your goals for financial independence in your 30's. Your friends K&D seem to have lived the path that my wife and I are trying to find.
It’s great that you have so many friends whom you can learn from in many ways, including financially. I wish you the best of luck on achieving your goals for financial independence in your 30′s.

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]]> By: Laura http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105212 Laura Sun, 18 Nov 2012 21:13:38 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105212 Financial institutions grant mortgages to seniors because it's illegal in the U.S. to deny a 30-year mortgage due to age. I remember as a kid that you could not get a mortgage if you were over 70 years old, and I think it was that you could not get a 30-year mortgage if you were over 55 years old (only a 15-year mortgage). That was struck down as age discrimination. Also, if a senior citizen dies holding a mortgage, I believe the bank expects the mortgage either to be paid off by the estate or it goes on the market to be sold to pay the remainder. The bank will certainly get their money one way or the other; they couldn't care less whether house buyers can afford medicine or food as long as they can (at least on paper) afford a mortgage. Financial institutions grant mortgages to seniors because it’s illegal in the U.S. to deny a 30-year mortgage due to age. I remember as a kid that you could not get a mortgage if you were over 70 years old, and I think it was that you could not get a 30-year mortgage if you were over 55 years old (only a 15-year mortgage). That was struck down as age discrimination.

Also, if a senior citizen dies holding a mortgage, I believe the bank expects the mortgage either to be paid off by the estate or it goes on the market to be sold to pay the remainder. The bank will certainly get their money one way or the other; they couldn’t care less whether house buyers can afford medicine or food as long as they can (at least on paper) afford a mortgage.

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]]> By: tracylee http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105042 tracylee Sun, 18 Nov 2012 19:42:57 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105042 My grandfather gave me my first personal finance book when I was finishing up my MA before getting my first job after graduation - The Millionaire Next Door. The book was an eye opener for me, and I credit my grandfather with setting a foundation for me and my learning about paying myself first, buying a used but quality car (with cash if possible), setting up savings goals, focusing on family, and so many other things interconnected to personal finance. He also had some fun and loved to purchase the occasional lottery ticket and won a minor payout from time to time. I think we miss out when we discount the experiences of our elders. He passed away long before I was able to share with him how much he influenced my life. My grandfather gave me my first personal finance book when I was finishing up my MA before getting my first job after graduation – The Millionaire Next Door. The book was an eye opener for me, and I credit my grandfather with setting a foundation for me and my learning about paying myself first, buying a used but quality car (with cash if possible), setting up savings goals, focusing on family, and so many other things interconnected to personal finance. He also had some fun and loved to purchase the occasional lottery ticket and won a minor payout from time to time. I think we miss out when we discount the experiences of our elders. He passed away long before I was able to share with him how much he influenced my life.

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]]> By: HJ http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3105012 HJ Sun, 18 Nov 2012 19:30:22 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3105012 The statement "living in a paid off house is liberating both financially and mentally" is so true. Several years ago I met an 80-year old woman who had moved to a new home and had a mortgage where she couldn't afford her medicine. I wondered why a financial institution would give an 80-year old that size mortgage. I was almost ready to retire with a paid-off mortgage. If hard times come, I don't want to have to worry about a mortgage payment vs being able to buy medicine. Live within your means and save as much as you can while you are able to work. That philosophy worked out well for us. The statement “living in a paid off house is liberating both financially and mentally” is so true. Several years ago I met an 80-year old woman who had moved to a new home and had a mortgage where she couldn’t afford her medicine. I wondered why a financial institution would give an 80-year old that size mortgage. I was almost ready to retire with a paid-off mortgage. If hard times come, I don’t want to have to worry about a mortgage payment vs being able to buy medicine. Live within your means and save as much as you can while you are able to work. That philosophy worked out well for us.

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]]> By: Peach http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104942 Peach Sun, 18 Nov 2012 18:36:07 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104942 I liked this...especially the focus on staying active and having multiple streams of income. I've always known people who worked regular jobs and had a side business, like fixing cars or selling Mary Kay and Avon. But having multiple streams is so much more rewarding because of the consistency of income from at least one or more of the streams. Would like to hear more about older people having success with that. Great post! I liked this…especially the focus on staying active and having multiple streams of income. I’ve always known people who worked regular jobs and had a side business, like fixing cars or selling Mary Kay and Avon. But having multiple streams is so much more rewarding because of the consistency of income from at least one or more of the streams. Would like to hear more about older people having success with that. Great post!

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]]> By: Mrs PoP @ Planting Our Pennies http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104892 Mrs PoP @ Planting Our Pennies Sun, 18 Nov 2012 17:29:24 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104892 I'd also agree this this one is not noted nearly enough... "Persistence and consistency can get you more than you thought" I’d also agree this this one is not noted nearly enough…

“Persistence and consistency can get you more than you thought”

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]]> By: Mrs PoP @ Planting Our Pennies http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104872 Mrs PoP @ Planting Our Pennies Sun, 18 Nov 2012 17:27:22 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104872 I completely agree. Aunts and Uncles are a great comparison to some of these friendships. In fact, we celebrate Thanksgiving with some of them every year like family! I completely agree. Aunts and Uncles are a great comparison to some of these friendships. In fact, we celebrate Thanksgiving with some of them every year like family!

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]]> By: Anne http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104862 Anne Sun, 18 Nov 2012 17:27:01 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104862 "Your savings increase exponentially when your kids leave the house." This is so true it should be the eleventh commandment. “Your savings increase exponentially when your kids leave the house.”

This is so true it should be the eleventh commandment.

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]]> By: Mrs PoP @ Planting Our Pennies http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104852 Mrs PoP @ Planting Our Pennies Sun, 18 Nov 2012 17:23:32 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104852 60+ years of life will give lessons that truly are priceless. Learning from our friends is something that we really can't put a value on. Do I sense a mastercard advertisement here? jk. 60+ years of life will give lessons that truly are priceless. Learning from our friends is something that we really can’t put a value on. Do I sense a mastercard advertisement here? jk.

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]]> By: Mrs PoP @ Planting Our Pennies http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104842 Mrs PoP @ Planting Our Pennies Sun, 18 Nov 2012 17:19:05 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104842 Anne, your words are too kind. Thanks so much for making our day with your compliment! Anne, your words are too kind. Thanks so much for making our day with your compliment!

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]]> By: Anni http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104822 Anni Sun, 18 Nov 2012 17:07:37 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104822 What an interesting article. I will show it to one of my older employees who is going to retire before christmas... What an interesting article. I will show it to one of my older employees who is going to retire before christmas…

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]]> By: Anne http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104772 Anne Sun, 18 Nov 2012 16:05:18 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104772 Best post on the site in a while! Nice job! Best post on the site in a while! Nice job!

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]]> By: Wm http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104762 Wm Sun, 18 Nov 2012 16:04:52 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104762 Good post! Older people have so much experience in all aspects of life. Each person has been through 60+ years of life education and you can't put a price on that. We can learn a lot from the twists and turns their lives have taken and how well they had reacted to those events. There are lots of "what to do" and also "what not to do". I also think it's absolutely important for retired people to stay involved in some activity, be it professional part-time work or community work even after they retire. Too much idleness can bring on a lot of issues. That's why I constantly remind my parents to keep themselves occupied. Good post! Older people have so much experience in all aspects of life. Each person has been through 60+ years of life education and you can’t put a price on that. We can learn a lot from the twists and turns their lives have taken and how well they had reacted to those events. There are lots of “what to do” and also “what not to do”.

I also think it’s absolutely important for retired people to stay involved in some activity, be it professional part-time work or community work even after they retire. Too much idleness can bring on a lot of issues. That’s why I constantly remind my parents to keep themselves occupied.

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]]> By: DPF http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104662 DPF Sun, 18 Nov 2012 14:51:53 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104662 There is a ton of wisdom that we can glean from folks that are older than most, and that have more life experience to draw upon. A common theme is that it really is about the people and our health in the end. I do agree with this. Of course, being financial solvent and prosperous to some degree can really help us enjoy people and keep our health to some degree. There is a ton of wisdom that we can glean from folks that are older than most, and that have more life experience to draw upon. A common theme is that it really is about the people and our health in the end. I do agree with this. Of course, being financial solvent and prosperous to some degree can really help us enjoy people and keep our health to some degree.

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]]> By: Pauline http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104602 Pauline Sun, 18 Nov 2012 14:02:55 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104602 I have a few older friends and enjoy their company very much. They are a shortcut to learning things about life, and usually are of very good advice. Being away from family, it is like having uncles and aunts around, and something to be thankful for. I have a few older friends and enjoy their company very much. They are a shortcut to learning things about life, and usually are of very good advice. Being away from family, it is like having uncles and aunts around, and something to be thankful for.

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]]> By: AMW http://www.getrichslowly.org/blog/2012/11/18/making-friends-in-gods-waiting-room/comment-page-1/#comment-3104502 AMW Sun, 18 Nov 2012 12:49:04 +0000 http://www.getrichslowly.org/blog/?p=153362#comment-3104502 *Persistence and consistency can get you more than you thought. *Your savings increases exponentially when your kids leave the house. *Living in a paid for house is both financially and mentally liberating. *Living with the "You only live once" mentallity can mean that you will have to work much longer than you thought you would have to. *Persistence and consistency can get you more than you thought.
*Your savings increases exponentially when your kids leave the house.
*Living in a paid for house is both financially and mentally liberating.
*Living with the “You only live once” mentallity can mean that you will have to work much longer than you thought you would have to.

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