What can the Tragedy of the Titanic Teach Us About Money?

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6 Responses

  1. You did a great job of correlating the Titanic with investing and debt. I am glad that you are heading up our investments and looking to the future so we can enjoy it together. Love you!
    Kate

  2. xrayvsn says:

    Very nicely done. Love the tie in with the Titanic. Having overconfidence in something can lead to disaster if it makes you careless (like going through treacherous waters at full steam)

  3. You said you can’t control everything. That is so true! That’s a hard one for me to actually do. I want to be in control of my finances but sometimes you just need to trust the process. Interesting comparision with the Titanic!

    • Chris says:

      Thanks for the feedback. I think we all would like to think that we have more control over our lives than we actually do. 😎

  4. This is a message that is not often heard, but needs to be shared more often. It’s always better to pay down your mortgage or other debts before investing. What if the wage earner becomes disabled or dies? We have no control over that. If a high wage earner died, but had a huge mortgage and student loans, with a spouse and kids at home . . . would they have to move somewhere else because they couldn’t afford the payments? What if the high wage earner became disabled and the spouse could not work due to being the caregiver? Having no mortgage or other debts would allow for more options.

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