{"id":73199,"date":"2020-04-22t12:00:39","date_gmt":"2020-04-22t16:00:39","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=73199"},"modified":"2021-04-19t22:50:30","modified_gmt":"2021-04-20t02:50:30","slug":"advising-cheapskates","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/04\/22\/advising-cheapskates\/","title":{"rendered":"advising cheapskates"},"content":{"rendered":"
<\/a>what will their legacy be? by ed mendlowitz<\/i> accountants get unusual views of human frailty and baseness of character. most of our interactions are stimulating and propel us to growth, but some expose others\u2019 weaknesses and extremely poor personal judgment.<\/p>\n more:<\/b> my top 10 personal game changers<\/a> | my top 10(ish) regrets<\/a> | my \u2018brand\u2019 is the exciting history of accounting<\/a> | social security is an asset class<\/a> | how to waste lunch hour<\/a> | what\u2019s your negotiating style?<\/a> | large clients we landed from quickbooks consulting<\/a> three situations stand out. in one, the husband provided his wife with a stingy allowance to run the household and for her personal spending. well, as the money-hoarding husbands died, the wives found out the truth. they were rich! not just wealthy, but rich! and then they started to hate the memory of the cheapskates who caused them to suffer mostly uncomfortable, unhappy days fraught with denial, continuous challenge and bickering. not fun, and not good memories.<\/p>\n psychologists can have a field day considering the reasons, and i really do not care why. what i can offer as a lesson is that legacies are established by how people live their lives, not by how much they leave behind. as andy dufresne said, \u201cget busy living, or get busy dying.\u201d<\/p>\n a benefit of our profession is that many times we see the whole picture. the beginning, middle and end. we are confidential advisors who keep what we see to ourselves. but with certain clients we run out of energy trying to get them to reconsider the misguided ways they lead their lives.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\nin a second example, the husband scrutinized every credit card charge, while castigating his wife\u2019s spending, no matter how little or how essential. in the third instance, the parsimony applied also to the husband, causing the family to live on subsistent spending.<\/p>\n