The Von Merzenburg Fund for New Initiatives

Thursday, February 11, 2010

Money Part 3


Dear Readers,

Ok. Here we go. I was sitting at a dinner recently with several friends. Most of them were noblesse, none of whom have ever had to sell off any properties - or even worse, rent out rooms as if they were a hotel. Therefore, I consider all of these friends "good with money". As entertainment, I brought up my project and they were all thrilled to lend support! And the first rule that we came up with was this:

DON'T TOUCH THE PRINCIPAL!

Yes, we all own stocks and estates that go up and down in value. But if you live off the money that your money makes - you cannot fail! We all grimaced at the plight of some nobel acquaintances of ours - not to mention 'celebrities' that have spent more than their principal: that is where they've all gone wrong. A certain someone that will remain nameless just had to sell off 20,000 hectacres - how embarrassing!

It seems so easy that I almost feel bad writing about it. If everyone would just do this than there would be no more financial crisises.

Also, we decided that every family is old as everyone else's. Even non-noblesse. And this is where the money comes from. Honour your ancestors and take care of what they've left you.

Ok? That's the golden rule. We decided. Princess Victoria of Sweden told me to tell all you readers that if you break this rule: You'll have HER to answer to! (Don't let the silk hat fool you!)

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