What Are You Thankful for in Your Financial Life?

Teaching your children financial lessons early on will help them achieve a financial life they’ll be thankful for.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Browser View]( [Wealthy Retirement]( What Are You Thankful for in Your Financial Life? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club  [Bill O'Reilly - More American Millionaires](  [Click Here >>](   [Marc Lichtenfeld]  This Thanksgiving will be particularly profound for me. A close family member had been very ill earlier in the year but has made a complete recovery. Over the summer, I assumed she'd no longer be here at Thanksgiving. Instead, she'll be enjoying herself in full health like everyone else at the table. Without a doubt, I'm most thankful for that. When it comes to my financial life, I also have an awful lot to be thankful for.  The fact that I found a profession and job that I love has had a very positive effect in my family's finances. It's hard to thrive when you're just punching a clock waiting for quittin' time. I'm thankful that I live in a country that, despite its problems and current divisiveness, still offers opportunities to people who are willing to work hard and take risks - whether that's starting a new business or investing in an existing one. I'm thankful that I stumbled on the power of compounding when I was 22 years old. Back then, I read a statistic that floored me. I learned that if I saved $2,000 per year from 21 years old (I was a year late) to 31 years old, I'd have more money at 65 than I would if I saved $2,000 per year from 31 years old to age 65. That was a real eye-opener, and it inspired me to save as much as I could for retirement as early as I could. Thirty years later, that decision, after letting my investments compound for three decades (with at least another one to go), was easily the best financial decision I've ever made. But I would say I'm most thankful for the financial lessons that I learned from my parents. They never sat me down and explained Wall Street to me, and they never went over many other financial concepts. But like most kids, I learned a lot from observing my parents' behavior. I grew up solidly middle class. My dad was an assistant principal. My mom was a homemaker until I was in high school. We never went without - but we didn't live in luxury either, like many of my friends did. I saw that my parents never bought anything they couldn't afford. Their best friends, who are like family (my brother calls them aunt and uncle), are very wealthy. My folks never felt the need to try and keep up. Many of their friends had money. They drove Cadillacs and Mercedes-Benzes.  [From Nothing to $1 MILLION-PLUS in the Bank]( [Young Millionaire]( This man took himself from rags to riches... Becoming a self-made millionaire at a young age. He's helped others add HUGE lump sums to their net worth, like $160,000... $200,000... $240,000... $300,000... even $800,000! And now he wants to help YOU. [Click here to view his invitation.](  When my dad needed a car, he bought his Aunt Esther's Oldsmobile Delta 88, which had no power steering or power windows. I've been on cruise ships that were smaller and easier to steer than this thing. Why did he buy it? Because it was a great deal. I ended up driving that beast in high school (which, believe me, I was very thankful I had a car to drive at all). My parents saved and invested. They spent money on things that were important to them, like a yearly trip to Florida to visit my grandparents, charitable donations, and putting my brother and me through college. I never once saw them fight about money or about whether we really needed to buy something. They were in lockstep with each other and presented a united front. And they always encouraged me to work. I shoveled snow starting at 10 years old, and my dad would let me use his salt to melt the ice. (I went through a lot of salt. I had practically the entire block under contract for the winter by the time I was a teenager.) They picked me up late at night from my first high school job when I didn't have access to a car. And when I got my first job out of college making $18,000 a year, they let me live at home for free for six months while I saved for a security deposit and first and last month's rent. I've worked very hard to be where I am financially. But I'm smart enough to know that I've been lucky too. And the luckiest aspect of my life was to be raised by parents who taught me the value of a dollar and hard work, even though they may not have been aware of it at the time. And for that, I'm truly thankful. What are you thankful for in your financial life? I'd love to hear it. Please tell us in the [comments]( section. I hope you have a wonderful Thanksgiving with lots of great food, great people and great stories. Good investing, Marc  [Click Here to Comment](  [[EXCLUSIVE] Fighter Pilot "Brain Secret" for Enhanced Memory](  [Pilot Flying Jet](  Crystal-clear thinking. A sharp memory. All-day mental energy. This simple trick is like [turning your brain into a supercomputer](. It's as easy as flipping a switch... with results you could start to feel in as little as one hour. [>> See the newly released details HERE. <<](  - More From Wealthy Retirement -   [Students At Health Clinic]( [Use Charitable Giving to Support Favorite Causes]( [Charitable giving and volunteering empower seniors to create lasting change in communities at home and abroad.](  [Couple Watching News]( [Follow the Trend Lines - Not the Headlines]( [Media negativity should not discourage today's investors.](  [Celebrating A Win]( [The Secret Behind Our Biggest Investing Legends]( [Successful investing requires the expertise to know a great long-term stock when you see one.](    [Facebook]( [Twitter](   [December 11, 2019: The Day You Get Rich?]( Our research shows something peculiar could happen in just a few weeks. For some folks, it could lead to gains of 1,000% or more in the long run. Others could see their fortunes cut in half. [Click here to see how you can set yourself up to profit.](  You are receiving this email because you subscribed to Wealthy Retirement. To unsubscribe from Wealthy Retirement, [click here](. Need help with your account? [Click here](. Have a question or comment for the editor? [Click here]( mailto:mailbag@oxfordclub.com?subject=Wealthy%20Retirement ). Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Wealthy Retirement | Attn: Member Services | 105 West Monument Street | Baltimore, MD 21201 North America: [1.855.402.3939]( | International: [+1.443.353.4057]( | Fax: [1.410.329.1923]( Website: [www.wealthyretirement.com]( Keep the emails you value from falling into your spam folder. [Whitelist Wealthy Retirement](. © 2019 The Oxford Club LLC All Rights Reserved [Oxford Club] The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, 105 W. Monument Street, Baltimore MD 21201. Â