Dear Will:

Over the course of my lifetime, I have been accused of many things, but I can unequivocally affirm that not once have I been accused of being a wiz with finances. That I have made it through this many years of life and still remain solvent is a mystery unlikely to be solved by dozens of forensic accountants working round the clock for years on end. And yet the fact remains: In spite of a long history of dubious choices over the course of many years, I have somehow, some way, managed to reach my 64^th year debt-free. In December we even paid off our house.

That was no small feat considering that when we bought the place we had no clear understanding of how mortgages work. We refinanced this house a number of times, sometimes withdrawing some equity to pay off other things along the way, before fully realizing that we were dialing our 30-year mortgage back to the beginning each time—and meanwhile, what we owed was growing, not shrinking. (Seems obvious enough, but, well, see paragraph one.) Once we made the shocking discovery that we were kind of moving backwards, we were forced to convert to a 15-year loan in order to get ourselves more or less back on track. We were perhaps the only kids in the neighborhood who more than once managed to secure a lower interest rate and still end up with a higher monthly payment. Dumb. 

My latest genius move came a couple of years ago when we installed solar panels on top of a 35-year-old roof.  Any B-average fifth-grader could have anticipated the problem with that choice, but since I didn’t have one handy to advise me, I went on ahead with the plan. The panels have worked out great, but the atmospheric rivers of 2024 have revealed that our original-equipment roof is finally kaput. Which of course will require that the panels be removed ($) and then reinstalled ($) on top of an all-new rooftop ($$$$). Really dumb.

How is it, then, that my manifest incompetence notwithstanding, I own a reasonably nice home in a very nice neighborhood in Southern California? That I’m bumbling toward retirement with a decent balance in my 401(k) plan and some additional investments besides? How is that even possible? I was born with a tailwind, of course. Heritage and opportunity (and whole lot of dumb luck) have been major contributors, but there are a couple of other factors that I must acknowledge as well:

1) Dana and I have gotten some assistance from our parents from time to time along the way. They have helped bridge some tough circumstances in our early years (unemployment: not recommended, FYI) and in later years have bolstered our savings as well. We are quick to acknowledge that not everyone has that kind of generous, loving backup system.

2) We have always—even in the down times—faithfully paid tithes and offerings, gratefully giving while embracing with faith the promises laid out by both Isaiah and Malachi. Those promises do not give us any assurance of wealth, prosperity—or even solvency—but we have always believed that if we willingly give back, sharing whatever bounty we may have, everything is going to work out in the end. 

In the most recent General Conference for our church, Elder Gerrit W. Gong gave an address that captures what I’m feeling even as I await the roofer’s estimate. He shared a Chinese story about a man whose son finds a beautiful horse:

“How fortunate,” the neighbors say. “We’ll see,” says the man.

Then the son falls off the horse and is permanently injured. “How unfortunate,” the neighbors say. “We’ll see,” says the man.

A conscripting army comes but doesn’t take the injured son. “How fortunate,” the neighbors say. “We’ll see,” says the man.

Elder Gong then gave this important reminder: “This fickle world often feels tempest tossed, uncertain, sometimes fortunate, and—too often—unfortunate. Yet, in this world of tribulation, ‘we know that all things work together for good to them that love God’ (Romans 8:28).”

Our race is not yet run. Dana and I could live another 30 years, and who knows what potholes and pitfalls may await us in the road ahead? Will our savings be enough to get us from here to there? We shall see. But we have already been blessed far beyond our merits. And we live with the ongoing assurance that, come what may, all things will work together for our good.

Our leaky roof notwithstanding.

PW

_{Photo by Annie Spratt on Unsplash}