Yes, you have to bury the money away from yourself, in some illiquid asset. then they can only beg for cashflow.

Reply to this note

Please Login to reply.

Discussion

American culture prior to the current rampant socialism was to provide jobs. You see it countless stories from 19th and first half of 20th century. Cousin Bob has lost his job. No problem, uncle Tim has a warehouse that needs some hands. Corporate types frown on this as "nepotism" - but when it is your *own* business at risk (not a publicly traded company) and you actually know the weaknesses of cousin Bob, it is a beautiful thing, just like East African culture. A famous example is the classic American movie "It's a Wonderful Life".

They all have jobs, nowadays. They just have so much debt and such high living costs that they can't cover emergencies.

We don't have a business we can hire people at, yet, but we do occasionally help people get hired.