Wizards of Wealth

We Cried While We Laughed
All the Way to the Bank

“Weep not that the world changes -- did it keep a stable, changeless state, it were cause indeed to weep.”
- William C. Bryant

Have you ever had to let go of something special, something that you have created with your very heart and soul?

Having a financial plan is one thing, but executing it properly is another. It seems that most of us have “emotions” that continually get in our way.

One of our “businesses” is building a house, living in it for a couple of years, then selling it for a profit without any significant tax consequences. With home values skyrocketing lately, we easily exceeded our pre-determined price target, and it was time to sell.

We had built a quality home that was sophisticated yet comfortable, and it had a gorgeous view. Further, the small pond we added attracted a vast array of wildlife that constantly entertained us.

How do you put a price tag on watching the deer grazing, or the cardinals competing with the squirrels at the feeder, or hawks circling overhead? How do you value watching a spectacular sunset created by the Master Painter while sitting at your dining room table, listening to the croaking of the frogs as they basked on a lily pad?

If you had woken up just once to the sound of the waterfall plunging into the pond as the birds sang their greetings to each other, you would have understood our dilemma. This was a truly special home that would not be easily duplicated.

Although there has been much discussion lately about a “real estate bubble,” only time will tell. Not wanting to be greedy, however, in the end we decided to stick with our plan and sold, capturing our “paper” profits. A temporary rent will have to suffice for now.

While we have many fond memories of that beautiful home, we do not want to be obsessed with looking back over our shoulder. Building homes is a way of life for us, as we enjoy the creative process. We are grateful for all life’s blessings that have been bestowed upon us, and being optimists by nature, eagerly await the next opportunity that most assuredly will come our way.

Want to change and improve your financial situation? Visit us for some ideas that may help you break away from your current self-imposed limitations.