by Tricia
The Money Blog Network has an interesting writing project going on right now. They want to know what your finances were like 10 years ago. Ten years places us in 1998.
Uh, oh. I remember what happened that year. Although I don’t have the records to back this up, I’m pretty sure we were actually in a better financial position than we are now. That’s the year my husband received a $40,000 inheritance.
Did we save any of it? Nope.
Did we pay off some credit card debt? Actually, yes.
Did we pay off some student loan debt? Sort of. My husband gave his mom $10k so she could pay off loans she took out for my husband’s education. None of the money went towards student loans in our names, though.
Talk about blowing money. Seriously, I have no idea where $10k of that money went. While I used Quicken on my Performa computer to track things back then, I no longer have the file to access. I wish I did. I’d probably want to ground myself.
A running joke between my husband and I is that we should have invested all of that money in Apple. At the time, Apple was still way behind in the computer market. Both my husband and I loved them and I even studied Steve Jobs for an entire class on leadership. If we had invested that inheritance in Apple stock, our finances today would have been a lot different.
Just take a look at this APPL chart from AOL Finance:

Realistically, we could have invested it all and lost it all in the stock market. Apple would have been our pick and it turns out that it would have been one heck of a pick to make back then.
But it didn’t happen. We spent the money. I know for a fact it was gone at least by mid 1999. After that, it was back to buying stuff on credit and living beyond our means. An embarrassing story, but we have learned so much since way back when.
I doubt we’ll have another windfall, but if we did I can guarantee that we will not have a repeat of 1998. What a difference 10 years can make.


