In 1991 I was forced to liquidate everything I owned to facilitate payment of a City of Hope billing of near six hundred thousand dollars. That happens when a person contracts Acute Myleogenic Leukemia and undergoes almost a year of chemotherapy. I wrote this before on this forum what happened to me. My HMO at the time sleazed out of paying the hospital bill by stating I was living in California, while having an address in Nevada. Peter Tomaino my attorney said I could win the case against the HMO but contingency and appeals fees would eat up over 90% of an award. Did I want to undergo the stress? The only asset I held was Quicksilver in Mexico.
The 5 years I spent continuing to rebuilding alternators and doing battery tests did not allow me to donate to my Social Security. The Chemo actually caused more deterioration. Was the alternative a better choice. AML then had a 14% survival rate for 60 months.
Companies do not hire personnel who retire for bed rest five hours out of a nine to five workday. This is less than the rest I require today.
And I will be damned if I will repeat my history again. It was given multiple times on this forum to explain incongruous information. I actually feel fortunate to not have abandoned my family in 1991.
My assets were in excess of 1M in 1991. I had to come up with cold hard cash or be released from care just as the chemo was having a positive effect. Don't ever try to liquidate -- I had two houses in the Antelope Valley, 4 view lots at Donner Lake and almost 200K in negotiable securities. That accrued because I picked and chose wisely.
So I finally stopped kidding myself in 2000. I can do three or four hours of light duty on the bench daily, split into segments. I ran a hotel in Mexico for several years doing none of the work except light electrical, while the kids filled in. I took none of the proceeds.
Should I have forfeited medicine to cash in on the DOT COM boom? What a laugh. I would now be a deceased thousandaire.
Most people with an income like mine live in a senior's flea farm or with relatives. Instead I decided to take another tac. Do the best I can with what I have. A mere $400 per month are devoted for living expenses. The remainder I have squandered on building a casita, and on tools for doing odd jobs. Plus helping my family whenever I can. When I get home I am going to test perhaps 300 voltage regulators per month for a dollar a pop.
Do I feel sullen, cheated, or that the world owes me a living? You must be nuts. I have no time for that. It was a major disappointment when Social Security revealed my monthly "benefit". No work and no SS payments the last ten years really hurt. Tough. I had to make things fit.
Could you do what I did? And have a prosperous life with poverty income? Only you can answer that in halfway honest terms --- in any form. I feel fortunate that I genuinely understand economics, and business capital investments and when a PE report is a con job. My main useful occupation is that I know electrical and can hook into design side jobs down here.
This is the last time for this explanation. It sounds too much like an excuse and it is in my opinion an utter time waster.