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Can Money Buy Happiness?
The American ^ | Arthur C. Brooks

Posted on 05/12/2008 7:59:36 AM PDT by indcons

Money doesn’t buy happiness, but success does. Capitalism, moored in values of hard work, honesty, and fairness, is key.

On July 23, 2000, a forty-two-year-old forklift operator in Corbin, Kentucky, named Mack Metcalf was working a 12-hour nightshift. On his last break, he halfheartedly checked the Sunday paper for the winning Kentucky lottery numbers. He didn’t expect to be a winner, of course—but hey, you never know.

Mack Metcalf’s ticket, it turned out, was the winner of the $65 million Powerball jackpot, and it changed his life forever. What did he do first? He quit his job. “I clocked out right then, and I haven’t been back,” he later recounted. In fact, his first impulse was to quit everything, after a life characterized by problem drinking, dysfunctional family life, and poorly paid work. “I’m moving to Australia. I’m going to totally get away. I’m going to buy several houses there, including one on the beach,” he told Kentucky lottery officials.

Metcalf never worked again. But he never moved to Australia. Instead he bought a 43-acre estate with an ostentatious, plantation-style home in southern Kentucky for more than $1 million. There, he spent his days pursuing pastimes like collecting expensive cars and exotic pets, including tarantulas and snakes.

(Excerpt) Read more at american.com ...


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: capitalism; money
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1 posted on 05/12/2008 7:59:36 AM PDT by indcons
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To: indcons
Can Money Buy Happiness?

No, but it won't make happiness go away either. ;^)

2 posted on 05/12/2008 8:01:36 AM PDT by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: indcons

I’m more than willing to be a case study. Anyone want to give me a bunch of money and see if it makes me happy?


3 posted on 05/12/2008 8:02:15 AM PDT by brownsfan (Algore makes P.T. Barnum look like a piker.)
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To: indcons
Can Money Buy Happiness?

Money does not buy happiness.

It rents it.

4 posted on 05/12/2008 8:03:04 AM PDT by Lazamataz (Secondhand Aztlan Smoke causes drug addiction obesity in global warming cancer immigrant terrorists.)
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To: indcons
Money doesn’t buy happiness, but success does.

True, but part of my definition of success is being able to pay the bills, and, furthermore, have money left over when doing so, and not having to live in an efficiency eating Ramen Noodles to do it. That's the flaw in the "do what you love" philosophy. I love sitting on my a$$ and watching old 80s movies all day...but that doesn't pay the bills... LOL...

5 posted on 05/12/2008 8:03:08 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: indcons

Money might not be able to buy happiness, but it can get a pretty good rental deal.


6 posted on 05/12/2008 8:03:19 AM PDT by KarlInOhio (Pray for Rattendaemmerung: the final mutually destructive battle between Obama and Hillary in Denver)
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To: indcons

You can’t buy happiness, you can only lease it.


7 posted on 05/12/2008 8:03:40 AM PDT by Oztrich Boy (Holy State or Holy King - Or Holy People's Will - Have no truck with the senseless thing)
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To: indcons

And to elaborate, no, money doesn’t buy happiness, and if you have a certain personality type when you’re broke that is self-destructive, having lots of money can accelerate that lifestyle.

However, my father always said “Money can’t buy happiness, but sure as hell makes misery a lot easier to live with.”

And I’ve always wondered - what about people whose main source of grief is lack of money?


8 posted on 05/12/2008 8:05:16 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: indcons

I use to always be broke and I hated it so much that I quit doing it.


9 posted on 05/12/2008 8:06:47 AM PDT by avacado
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To: indcons

Meaningless discussion. What happiness is might be a useful discussion.


10 posted on 05/12/2008 8:07:01 AM PDT by RightWhale (It's still unclear what impact global warming will have on vertical wind shear)
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To: indcons
Long article, and I admit I didn't take the time to read the whole thing.

My suspicion is that the underlying message is: "Your money isn't really making you happy -- so you won't mind if we hike up your taxes, right? We've got social programs we need to fund that will really make people happy."

11 posted on 05/12/2008 8:07:31 AM PDT by ClearCase_guy (Et si omnes ego non)
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To: indcons
success does

Gales of laughter are blowing theough these concepts. What is success?

12 posted on 05/12/2008 8:08:15 AM PDT by RightWhale (It's still unclear what impact global warming will have on vertical wind shear)
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To: indcons
Were I to win: I wouldn't quit my job immediately, but I'd really have an attitude problem. ;-)

Eventually, though, I would leave, and I'd enroll in a university somewhere, learn something new, and argue with the professors when they pushed a liberal agenda.

13 posted on 05/12/2008 8:10:45 AM PDT by theDentist (Qwerty ergo typo : I type, therefore I misspelll.)
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To: RightWhale

Success = doing something you love and making money doing it.


14 posted on 05/12/2008 8:11:32 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: indcons

Money can’t “buy” happiness, but if you aren’t stupid it can buy some relief from stress by making you debt free and able to eat better and afford better medical care and leave an inheritance for children or grandchildren. Your money can also help those less fortunate than you, which usually makes you feel better as well. Money can also buy advertising to counter liberal lunatics. Money can also scholarship low income kids into private school. Money can do alot of very good things if you aren’t greedy and selfish.
The story of this guy who apparently richly drank himself to death is simply the story of a drunken loser.


15 posted on 05/12/2008 8:11:57 AM PDT by visualops (artlife.us . nature photography desktop wallpapers)
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To: theDentist

If it were me:

1. Pay off all debts
2. Travel the world for about a year
3. Come home and figure out what kind of business to start that would at least break even and I would enjoy


16 posted on 05/12/2008 8:12:30 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: indcons

Sounds like one of those idiots that we can check back with in a few years and see him broke and working again. He can only hope he had a smart lawyer/counselor that made him invest some for when he spent the rest on cars, snakes, at the lot.

I do not get it I can say that other than maybe a slightly larger house and carrying absolutely no debt ever again, not much would change for me I guess that is why I do not buy lotto tickets.


17 posted on 05/12/2008 8:13:05 AM PDT by Resolute Conservative
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To: RockinRight

What if you don’t need to make money?


18 posted on 05/12/2008 8:15:35 AM PDT by RightWhale (It's still unclear what impact global warming will have on vertical wind shear)
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To: RightWhale

Assuming you mean someone like the guy here, because otherwise why don’t you need to make money?

I’d say...doing something well and being happy about it, and at least not go broke doing it.

But for “normal” non lottery, non trust fund types, my first definition stands.


19 posted on 05/12/2008 8:18:57 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: indcons

Maybe money can’t buy happiness, but poor can sure buy a lot of misery.


20 posted on 05/12/2008 8:21:24 AM PDT by orchid (Defeat is worse than death, you have to LIVE with defeat.)
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To: RockinRight

Is success related to happiness? Is it different from happiness?


21 posted on 05/12/2008 8:21:48 AM PDT by RightWhale (It's still unclear what impact global warming will have on vertical wind shear)
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To: indcons

Anybody who thinks money will make you happy, hasn’t got money.

David Geffen


22 posted on 05/12/2008 8:22:27 AM PDT by vietvet67
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To: ClearCase_guy
It is a long article but here's the last para that summarizes it quite well:

"The fact that money doesn’t buy happiness is no indictment of capitalism. On the contrary, capitalism is the best system to allow people to succeed on their merits in the economy—and we know that it is success that truly does bring happiness. Capitalism, moored in proper values of honesty and fairness, is a key to our gross national happiness, and we should defend it vigorously."
23 posted on 05/12/2008 8:23:33 AM PDT by indcons (Please add the sarcasm tag, where appropriate)
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To: indcons
Can Money Buy Happiness?

No, but you can get a couple of hookers to play Xbox with you.
24 posted on 05/12/2008 8:23:45 AM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: RightWhale

My thoughts -

“Is success related to happiness?”
Yes

“Is it different from happiness?”
Yes


25 posted on 05/12/2008 8:24:48 AM PDT by indcons (Please add the sarcasm tag, where appropriate)
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To: RockinRight
“Money can’t buy happiness, but sure as hell makes misery a lot easier to live with.” Makes a lot of sense to me
26 posted on 05/12/2008 8:26:18 AM PDT by indcons (Please add the sarcasm tag, where appropriate)
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To: indcons
Sounds like Metcalf died being what he was: a drunken fool. The money only sped up the end he was destined to achieve, and his winnings probably did some good when he was forced to pay his back child support. I say probably because his ex hardly sounds brilliant either (it was a social worker that initiated the back child support collection.) Who knows? Maybe the blessing occurred when quit his job after lottery win and it prevented him killing a coworker while driving his fork lift under the influence...
27 posted on 05/12/2008 8:27:24 AM PDT by LRS
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To: theDentist

That sounds like a good plan. As much as I like my job and the people I work with, there would always be someone that could do/use my job better than I. Going to school and not worrying about a grade, would be great fun.


28 posted on 05/12/2008 8:27:29 AM PDT by stuartcr (Election year.....Who we gonna hate, in '08?)
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To: RockinRight
Come home and figure out what kind of business to start that would at least break even and I would enjoy

I think that's the best idea. Keep yourself ocupied and out of trouble. Do something you like. Try to be self-sustaining.

I never understand the people who get their hands on millions of dollars and then invest it all in some Florida real estate scheme. (What? They're hoping to become rich??) Hey! Where'd my money go??

29 posted on 05/12/2008 8:27:52 AM PDT by ClearCase_guy (Et si omnes ego non)
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To: Fred Nerks; metmom; SunkenCiv; TigersEye; Virginia Ridgerunner; CarrotAndStick; Army Air Corps

Interested in hearing your thoughts on this topic, if you’re comfortable sharing them.


30 posted on 05/12/2008 8:28:50 AM PDT by indcons (Please add the sarcasm tag, where appropriate)
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To: indcons

Money does not buy happiness, but it does make a downpayment.


31 posted on 05/12/2008 8:31:35 AM PDT by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: indcons
This is a great article. Thanks for posting it. L'argent c'est ne pas le bonheur.
32 posted on 05/12/2008 8:32:34 AM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: Just another Joe

Money gives you power...the power to tell people you don’t like to get lost.


33 posted on 05/12/2008 8:32:57 AM PDT by yankeedame ("Oh, I can take it but I'd much rather dish it out.")
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To: indcons

“Is success related to happiness?”
Yes

“Is it different from happiness?”
Yes


I would tend to agree with the above. We could leave it at that since obviously we ‘know’ what we mean, or we could figure out what we actually mean.


34 posted on 05/12/2008 8:33:09 AM PDT by RightWhale (It's still unclear what impact global warming will have on vertical wind shear)
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To: Just another Joe

“Trouble started for Metcalf as soon as he won the lottery. Seeing him on television, a social worker recognized him as delinquent for child support from a past marriage, resulting in a settlement that cost him half a million dollars. A former girlfriend bilked him out of another half million while he was drunk. He fell deeper and deeper into alcoholism and became paranoid that those around him wanted to kill him. Racked with cirrhosis of the liver and hepatitis, he died in December 2003 at the age of forty-five, only about three years after his lottery dream had finally come true. His tombstone reads, “Loving father and brother, finally at rest.”

Very sad, but it is often the case in many lottory winners. It is said, that wealth just magnifies our faults, unless we get our life under control. Thanks for posting this article.


35 posted on 05/12/2008 8:35:20 AM PDT by CSM (Kakistocracy: Government by the least qualified or most unprincipled citizens.)
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To: indcons

36 posted on 05/12/2008 8:35:48 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Thrownatbirth

lol!

That was a funny story.


37 posted on 05/12/2008 8:38:21 AM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: ClearCase_guy
I think that's the best idea. Keep yourself ocupied and out of trouble. Do something you like. Try to be self-sustaining.

IOW give yourself a reason to get up Monday morning. Something we all need.

(The lack of which may go a long way in explaining the inner city/welfare attitude? Not to mention the early deaths of so many retirees?)

38 posted on 05/12/2008 8:39:33 AM PDT by yankeedame ("Oh, I can take it but I'd much rather dish it out.")
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To: indcons
My opinion is that money does not "necessarily" buy happiness since most people of wealth that I know are usually miserable since they spend most of their time worrying about their money, protecting their money, and plotting how to make more even money, never stopping to think about how to just stop and enjoy what they have.

On the other hand, I know many poorer folks who scrounge for a living but are much happier since they enjoy their families and much simpler lifestyles.

Just my opinion...

39 posted on 05/12/2008 8:39:47 AM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: Army Air Corps

I have that poster! . . . somewhere!


40 posted on 05/12/2008 8:44:09 AM PDT by AnAmericanMother (Ministrix of Ye Chase, TTGC Ladies' Auxiliary (recess appointment))
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To: avacado
"I use to always be broke and I hated it so much that I quit doing it."

I started out with nothing in this old world and I've still got most of it left.

41 posted on 05/12/2008 8:45:10 AM PDT by GourmetDan (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left.)
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To: Virginia Ridgerunner

There’s a lot of truth in that.

However, I also have known relatively poor people on the brink of suicide due to being unable to pay their mortgage and support their families.


42 posted on 05/12/2008 8:46:02 AM PDT by RockinRight (Supreme Court Justice Fred Thompson. The next best place for Fred.)
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To: theDentist

If I hit a $65 million jackpot like the poor sod in the article, I’d instantly quit my job, but I wouldn’t retire. We’d be able to get my wife’s bead-jewelry business off the ground, traveling around to craft shows and selling, striving to turn a profit but not totally crushed if we don’t, and most of all, having fun. (And from past experience, if we did that, I’d be working a lot harder and longer than I do at this IT job!)

I’d be able to do more of what I want to do, not what I have to do to keep the money coming in. In that respect, yes, money can buy happiness. But it buys it indirectly...not by toys or bling, but by freeing you from worry and giving you time to pursue what you really love and find interesting, even if it’s not profitable.

}:-)4


43 posted on 05/12/2008 8:49:41 AM PDT by Moose4 (http://moosedroppings.wordpress.com -- Because 20 million self-important blogs just aren't enough.)
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To: indcons

The lottery is nothing more than a tax on the poor. Just last week, I stood in line at a convenience store in my town behind a lady who blew $67 on lottery tickets and scratch-offs.


44 posted on 05/12/2008 8:52:50 AM PDT by Doohickey (SSN-681; SSN-671; SSN-669; SSN-712)
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To: GourmetDan

LOL! Good one!


45 posted on 05/12/2008 8:53:04 AM PDT by avacado
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To: Resolute Conservative

Read the article.

He died (obviously, not because of the money).


46 posted on 05/12/2008 8:54:14 AM PDT by Doohickey (SSN-681; SSN-671; SSN-669; SSN-712)
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To: indcons

The axiom is incorrect. That is, happiness is not a goal, but the *path* to a goal. Once achieved, it ceases to be, only to be replaced by another goal. The American founding fathers succinctly stated this, by asserting that the *goal* is “the PURSUIT of happiness”, itself, not its attainment, in the Declaration of Independence.

The *goal* itself is not happiness, but “enjoyment”, a far more complicated thing than happiness.

Recruits to the USMC will put themselves through torturous pain and stress to become Marines, and they truly *have* to push themselves to their limits. However, *because* of this, they “enjoy” themselves like no other time in their lives, and they remember this time for the rest of their lives as perhaps the most “enjoyable” of times they ever lived. Certainly not a “happy” time, but a beloved one.

Enjoyment is intensity, passion, romance, failure, confusion, pain, commitment, misery, suffering, disappointment, anger, joy, lust, cruelty, sadism, masochism, fear, comradeship, glee, resistance, scheming, greed, etc., etc., etc.

Do you see the incredible wisdom of the founding fathers? That is, what is the opposite of these things? What inhibits the pursuit of happiness?

Government control. The nanny state. Forced mediocrity and the obsession with safety. Censorship. Repression. Inhibition. Litigation. Temperance. Moderation. Soothing Muzak, gentle pastel colors, and padded walls.

The founding fathers wanted everyone in the United States to be free to experience enjoyment as they saw fit, without government interference. Enjoyment that for many is downright tragic, painful, or even horrifying, but what they, as individuals, seek out and want to experience.

They saw every human life as a work of art in progress, a single, unique work of art that people spent a lifetime in its creation. And they saw that the very worst oppression came from government trying to control this artistry, trying to impose its aesthetic on the people.

Money by itself is a neutral thing. All it can really do is to some extent change the scale of the “trappings” of enjoyment. For there is an inherent sameness to things that few people realize.

Dinner at a fast food restaurant might taste a little different than at a five star restaurant, but nutritionally, generally speaking, little difference. A $20 pair of sunglasses blocks light just as effectively as a $200 pair with a designer label.

In the case of this lottery winner, his friends said that had he not won, he might have lived another 20 years. But all that says is that it might have taken him another 20 years to live with the intensity he did during those two years. The end result being the same, just faster.

Even the brilliant ideas people have, if they were just wealthy, never quite pan out. In most cases, if they become real, they are nothing like in the imagination. If they were so good, mentioning them on the Internet might be enough for them to come into life. Somebody who already has money might agree, and build it themselves.

But perhaps this is the best motivation to want wealth that there is, to create and bring new ideas to life. Because even if your creation doesn’t pan out, at least you would know it wouldn’t, for what good that is. You would have traded your dreams for disappointments.

How about that for a futile exercise?

And even if it does work, it is like happiness. Once it exists, it is done. Time to move on to something new. And if your ideas have run out, what do you do with that money?

The public sees wealthy people who are tacky, obnoxious and ostentatious. But the vast majority are very ordinary, indistinguishable from anyone else. Money for them is just an inflated reserve, used for little other than investment.

It has little or nothing to do with their pursuit of happiness, or even enjoyment. It makes them no better or worse as people, and the intensity of their lives is based on their pursuit of intensity or lack thereof. The money neither helps nor hinders.

Perhaps they have more of the “trappings” of enjoyment, but that does little for their enjoyment itself.


47 posted on 05/12/2008 8:54:16 AM PDT by yefragetuwrabrumuy
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To: indcons

There’s a huge second half to this subject never talked about: Can your neighbor’s money cause your unhappiness? About half the population chooses to react to others success with resentment. This elective behavior is the number one cause of murder, destruction, theft, and voting Democrat.


48 posted on 05/12/2008 8:54:48 AM PDT by Reeses (Leftism is powered by the evil force of envy.)
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To: indcons
Perhaps money cannot by happiness but it does buy a better brand of misery.

Or as Mae West said “I've been rich and I've been poor. Believe me, rich is better”

The great majority of people that say money is not important are people that have none.

What money can bring is freedom. Freedom from worry, freedom from anxiety. It brings security and contentment which, along with the other things, can bring happiness.

I am not rich by a long shot but I am very comfortable and have no worries about money. It hasn't always been so and i can promise I am far more content now then when I was “on the way up”

49 posted on 05/12/2008 8:55:43 AM PDT by lexusppd
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To: RockinRight

To a creative person, money is time. And in my case, charity. I do what I can in the time I can spare, with the money I have ... but cannot deny that having two elderly parents who desperately need assisted living care and not having the money to provide it, money would certainly solve some of my problems right about now.

It is true, however, that while it may solve the problems I have now, it would then land me with a whole new set of problems. So what? I like a challenge. I’ve been facing and defeating them all my life.


50 posted on 05/12/2008 8:59:19 AM PDT by Appleby
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