My Real Goal

I know I’ve said that my goal is to have a million dollars. This is basically my 10 year goal. There is more to the story. My real goal is to accumulate enough money to live off the interest, dividend and appreciation of my money without touching the principle. I would like to be able to work part time/consult or take a less stressful full time job. Besides wanting more choices (see previous post) I would also like to be remembered. What do I mean by this? I was attending a family party on my wife’s side and my father in law was showing us a family genealogy book he had just put together. There were lots of old pictures of family members from a few generations back. My father in law had struggled to find the names of these people. The pictures were old, but not ancient. It struck me on how quick people are forgotten once they are gone. I might be crazy, but I guarantee it would have been easier to remember those people in the picture if they had passed down a substantial amount of wealth when they passed on. My real goal is to pass down wealth to the next generation. I want to educate my children (I currently don’t have any) to treat money in the same way I do and continue the tradition of saving and accumulating wealth. I would also like them to have more choices (or choices faster) than I did. I’m sure that most people don’t think about this but I guess I’m the exception.