The Joe and Daniel story

On a warm late spring afternoon, twenty-five years ago, two young men were dreaming of their future. Joe was talking about the big red convertible sports car he was going to buy when he grew up. Daniel wasn’t much into cars, he dreamed of sailing a 40 foot yacht.

They graduated from the same college. They were very much alike, these two young men. Both had been better than average students, both were personable and both – as young graduates are –were filled with ambitious dreams for the future.

As they went into their careers and started to make some money, they realized this could well be the start of the fulfillment of their dreams. After a short while and some diligent saving, they mustered a cash sum as a deposit.

Recently these men returned to their college for their 25th reunion. They were still very much alike. Both were happily married. Both had children. And both, it turned out, were earning about the same income.

But there was a difference. Joe was driving the same car for the last 8 years and was still paying of his mortgage. Daniel just came back from a sailing trip on his 40 foot yacht.

What made the difference? Look what happened after they saved their first cash.

1. With the deposit the saved up, Joe put a down payment on a nice convertible. Not exactly what he wanted but a great step in the right direction. Daniel on the other hand was encouraged to hold of on his dreams and buy a home first. The lump sum was just enough for a down payment on a small apartment for himself. Joe was renting.

2. 3 Years went by and Joe almost had his car paid for. It had been hard, especially as the insurance and maintenance had been expensive but he enjoyed every minute of driving it. Unfortunately, his rent had gone up as well, cost of living just never seemed to go down…

Daniel thought it was all hard as well. On occasion, he contemplated renting out a room and his dream of a yacht seemed further away then ever. Luckily, the mortgage payments were actually coming down as he had made payment in excess of the minimum.


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    3. As the years past, girlfriends came along. Joe found himself a beautiful lady with the same passion for cars. She was a hard worker herself and together they were making good money. Daniel found a very special lady as well. She was caring, attentive and loved to go for walks in the park with Daniel. Live was good, full of fun and few worries. Joe found it possible to upgrade the car to a newer model, Daniel started a managed fund & share portfolio.

    4. As these things go, Joe and Suzie as well as Daniel and Mary decided to get married, move in together and start a family. Joe and Suzie moved to a 3  bedroom house. The rent was expensive but the house was really nice and in a great neighbourhood. Joe also never realized how expensive babies were. And the baby seat did not fit in the sports car, that was a real problem. Daniel and Mary realized they needed a bigger house to. The opted for a small 3 bedroom house in the suburbs. Daniel had decided to keep his old apartment and rent it out. A pleasant surprise was that the bank had told him his old apartment had gone up in value substantially and that was enough as a deposit for the new home.

    5. Joe and Suzie were happy. Sure, the cost of living kept rising but life was good, the children were happy and healthy and the bills were paid on time. The car had been traded in for a family model and they enjoyed weekends away to a resort near the beach. It was just unfortunate the dream of a sports car never really happened. “I guess it was not meant for me” Joe thought to himself.

    6. Daniel kept falling in better and more exiting surprises. The apartment was making a small income, the mortgage on the house was almost paid for and the share & managed fund portfolio had increased beyond expectation, not to mention the dividend! They were looking for their next investment property (new this time to take advantage of the tax deductions) and felt thankful for the advice all those years ago. They knew they were well under way to build a secure financial future. “Wow…” Daniel thought to himself. “So this is how our dreams come true. Patience, good advice and start with the important things.”