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build your financial horcrux

Started by Steve @ bripblap · 10 months ago

In J. K. Rowling’s Harry Potter books a Horcrux is described as a “receptacle in which a Dark wizard has hidden a part of his soul for the purposes of attaining immortality.” With part of a wizard’s soul stored away like this, as long as the Horcrux ... Continue reading »

2 comments

  • Mr. Cheap

    1 year ago

    What I *thought* this post was going to be about was constructing financial horcruxes as ultra-conservative, protected sources of money that can "bring you back to life" in the event of a catastrophe.

    E.g. Say you have a family member gets sick and hospital bills bankrupt the family (not fun). Your horcruxes might be a retirement account (which is protected ala OJ) or your house (if you live in Florida), and there'd be enough cash in the "horcruxes" to either cover your cost of living while you recover or give you enough "seed money" to start building your finances back up. I have no idea what would serve this function up here in Canada (pretty sad that I can think of two US examples and I don't even live there).

    Obviously the ROI of these investments isn't the priority, instead its an insurance policy to have a source of a little cash in case things go horribly wrong.
    reply
  • bripblap

    1 year ago

    Mr. Cheap, I can't argue that your take wouldn't have made good sense, too. That's actually an excellent way to look at it... you did an excellent analysis of a US financial problem with a British novel :)
    reply

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