Newspaper article Daily Examiner (Grafton, Australia)

Rich beyond Measure

Newspaper article Daily Examiner (Grafton, Australia)

Rich beyond Measure

Article excerpt

"

Here today; gone tomorrow."

This old saying has been given a new lease of life recently. The Victorian bushfires have shown how material wealth can be destroyed in a matter of minutes. The global financial crisis has likewise had the effect of wiping out huge chunks of the retirement savings of ordinary people like you and I.

I'm reminded of the old farmer who went to see his bank manager. "I have good news and bad news" he said. "But first, the bad news: I can't make my mortgage payments. And that crop loan I've taken out for the past 10 years - I can't pay that off either. Not only that, I won't be able to pay back the outstanding loans on my tractors and other equipment. So I'm going to have to give up the farm and turn it all over to the bank for whatever you can salvage out of it." Silence prevailed for a minute. Then with a resigned sigh the bank manager asked: "What's the good news?""Well," said the farmer, "the good news is that I'm going to keep on banking with you"! …

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