Assets Versus Experiences

I wanted to be a forest officer ever since childhood due to my passion for hunting (which itself arose partially from my childhood duck hunts with my father & partially due to watching Stewart Granger’s version of “King Solomon’s Mines”). So I did my undergraduate in “Environmental Science” in University Of London and then did my postgraduate in “Principles Of Forestry” at the University Of Peshawar.

I graduated just as the Indo-Pak War of 1971 began. There, I got conscripted into the East Bengal Regiment and rose to the rank of Staff Sergeant during the war. After the war, I was given the option to pursue a career in the army. But I instead opted to pursue my dream of forestry. I still have a photo of my first day on the job in 1972.
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Until April 1989, I was posted as a DFO (Divisional Forest Officer) in various forests across the nation. In April 1989, I was appointed Director of the National Botanical Gardens. In 1991, I had to return to active forest service as a DFO in the Chittagong Hill Tracts for a year… so that I could stop the timber theft which was destroying a Sample Forest there as nobody was willing to do what needed to be done (the crooks were using domesticated elephants to uproot entire trees). In 1993, I became CCF (Chief Conservator Of Forests) for the entire country. In 2000, I ran for MP (Member Of Parliament) and successfully served two terms in Parliament before retiring from politics in 2005.
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From August 2024 to February 2026, I was appointed as IGF (Inspector General Of Forests) by the interim government during a time of political turmoil. I fortunately retired three weeks ago. I own a few businesses and lecture at a local University twice a week now.

To answer @Rare Breed ’s interesting question: I firmly believe that BOTH experiences AND assets are critical for a life well lived. Balance is key.

You don’t live to work. You work to live. Never lose sight of that. I know many people who spent their entire youth chasing money in the hopes that they could live a luxurious life in their twilight years. But they all either died or became too feeble by the time they made enough money to “Live the good life”. We all think that we have forever, but life is shorter than you think.

On the other side of the spectrum, it is vital to accumulate money & assets at every possible opportunity that avails itself. And it’s definitely easier to do this when you’re young rather than old. I know many people who died in great poverty because they blew all their money when they were young. For example, the grandfather of the young fellow who co-authored my autobiography. He was a billionaire and used to go hunting in Africa every year. He also was a massive spendthrift. He died without having enough pay to pay for his kidney dialysis; leaving his family in great debt.

I had one very unique set of circumstances which allowed me to start hunting in Africa so regularly even during my twenties. During the 1970s (when I was posted to oversee the Chittagong Hill Tracts), we were fighting off members of the BCP (Bangladesh Communist Party) and the government basically allowed the DFO to keep half the assets confiscated from any BCP members whom we either arrested or killed. During the 1980s (when I was posted in the Sundarban mangrove forests), the government gave me a similar deal for contending with Islamic terrorists in the region. So I was able to combine business with pleasure.
 
Be sure to not confuse Assets with Liabilities- Stuff like boats, rolex, cars, clothes etc are 99% of the time a liability that depreciate and are not Assets. An Asset generates income, or at least appreciates at a predictable amount ahead of inflation. Liabilities are generally not worth the long term price....


Land can be an Asset, and generally keeps ahead of inflation. Rental real estate is an asset, as well as owning a turnkey business. A stock or investment portfolio is also an Asset.

I have noticed that those who have strong Assets and are financially set tend to tout the importance of Experience over more things, and money..... Also they often talk about pursing passions over money....

That's all fine and great, but if you are not financially stable, are living paycheck to paycheck, or have consumer debt than that is a bad idea! Hard to really enjoy those experiences not knowing if you can pay the rent/mortgage next month or buy food for the table! And many of the best experience's take a lot of money to buy! like a full bag safari in Tanzania would be a great experience but not gonna afford it unless you have a lot of Assets to fund it!

Everything has its time in life, and moderation in all things is usually the answer. Work hard when you can, but still take time to enjoy life along the way- somethings can't be done later.

I tend to agree with you and I think what you're pointing out is a balance. I work with a lot of wealthy individuals. Most tend to be not that material. However, they fall more into the tangible asset category. Multiple businesses, homes, nice cars, (some) nice watches, etc. I think the key is most of them dedicated their life to that and not the pursuit or experiences. I haven't asked them if they're happy, some seem really happy.

I've also seen the opposite. Friends who live for the experiences. Vacations, hunting trips, fishing trips, etc. They all seem to be happy in the moment but then when they come back to reality...the debt is still there, bills, money troubles, etc. This camp tends to seem more unhappy to me. With the exception of maybe one or two who seem to care less.

In addition, I think we also have to look at our audience here. Other than you folks and some family/friends, I don't know anyone else who would get on a plane to Africa to go hunt on one of the most dangerous continents in the world. I love it, don't get me wrong. But it's not everyone's cup of tea. This also isn't like booking a 2-state over whitetail hunt either. By virtue of the cost, everyone here has probably achieved some measure of success.

One of my wealthy clients travels all over with his family which I think is cool. Europe, Australia, etc. He has repeatedly asked me to take him hunting which I will at some point. He's also the type of guy who is worth double-digit millions and thinks nothing of taking a road trip with his wife and two daughters for the weekend. He's a good example of balance. He also happens to be the guy that told me "Never, ever, miss your kids events. No matter what you have going on at work. Be there, finish the work later, when you have time."

Balance is key but I also think everyone has their own definition of happy.

Assets can also be appreciating or strategically-depreciated for dual purposes, I'm sure you know. For example, you can depreciate machinery used to maintain land that may or may not be used for hunting/fishing purposes if it's incorporated in a business.
 
To your point, I have been with my same CPA for over 20 years...this past tax year I asked him what was the number 1 thing his clients told him...his answer was very telling...they did not do what he thought they would do which is to tell him what they regreted buying most...it was without question all the things they wished they had done but no longer had the health to do them!!!
 
To your point, I have been with my same CPA for over 20 years...this past tax year I asked him what was the number 1 thing his clients told him...his answer was very telling...they did not do what he thought they would do which is to tell him what they regreted buying most...it was without question all the things they wished they had done but no longer had the health to do them!!!

Yup. I am in a similar business. We see a lot of folks who amass tremendous sums of money and have no intent to spend it. But once again, who knows what makes them happy? Some of them give nice things to their kids and grandkids, that seems to make them happy being able to do that. Some of them just like the idea of having a lot of money (I think, at least). Maybe they are happy? It's tough to say. Maybe that's a new question to start asking in my new client meetings.

I've always just wondered what the reason was for amassing a fortune if you never enjoy it. On the other hand, you need money to have fun.

I've just never been that way. Someone said it in this thread. I don't live to work, I work to live. I'm blessed at 42. Now the exciting thing for me is making and sharing in memories with my wife and kids.
 
Yup. I am in a similar business. We see a lot of folks who amass tremendous sums of money and have no intent to spend it. But once again, who knows what makes them happy? Some of them give nice things to their kids and grandkids, that seems to make them happy being able to do that. Some of them just like the idea of having a lot of money (I think, at least). Maybe they are happy? It's tough to say. Maybe that's a new question to start asking in my new client meetings.

I've always just wondered what the reason was for amassing a fortune if you never enjoy it. On the other hand, you need money to have fun.

I've just never been that way. Someone said it in this thread. I don't live to work, I work to live. I'm blessed at 42. Now the exciting thing for me is making and sharing in memories with my wife and kids.
I think you've got it figured out...
 
I think you've got it figured out...

Yes and no. One thing I struggle with in my life is the fact all my clients are very, very wealthy. When you compare yourself to someone who is worth $100-$150mm, it can take a toll. Comparing is never good and according to my wife, I tend to be unduly hard on myself. I could definitely use a little more money but we are in fact blessed. God knows I am working hard to get there.

With that, I've met some ultra successful firm owners in my business. The one running theme I've noticed is problems with family. Divorce, issues with kids getting into substance abuse, and so on. I'll never trade my family and peace for any sum of money.
 
Yes and no. One thing I struggle with in my life is the fact all my clients are very, very wealthy. When you compare yourself to someone who is worth $100-$150mm, it can take a toll. Comparing is never good and according to my wife, I tend to be unduly hard on myself. I could definitely use a little more money but we are in fact blessed. God knows I am working hard to get there.

With that, I've met some ultra successful firm owners in my business. The one running theme I've noticed is problems with family. Divorce, issues with kids getting into substance abuse, and so on. I'll never trade my family and peace for any sum of money.
I know you've got it figured out...
 
“Only two things will we regret on the deathbed, that we are little loved and little travelled.” Mark Twain.
 
I’ve read all of the responses and find everyone’s experiences interesting. There are varying degrees of wealth among the AH membership, but at least we all share the camaraderie and interest in all things African hunting. I’d like to say that, like many AH members, I carefully planned my retirement, made prudent investments, and smartly accrued savings that would afford me the ability to support my family and hunt Africa multiple times.

The reality — and a more apt description — is that I’ve done little of that, but instead stumbled through life much like Mr. Magoo, making decisions based more on impulse rather than forethought and thorough research yet I’ve somehow always come out on top, having done well enough to live comfortably for the rest of my life and take care of my family. I am thankful to God, because that is the sole reason I have succeeded.

Given the choice, I would rather be a poor 22-year-old again, when I ended active duty as a Marine, than a well-off 60-year-old. No matter how much money one has, you cannot buy time. Sooner than we realize, our hunting days will end.

I completely understand and harbor zero jealousy toward the more affluent hunters who are able to go on international hunts two or three times annually, among other excursions. It’s all a fleeting moment in time. Go if you can, by all means. Inevitably, we can’t help but compare ourselves to others, wanting to do what they do. But this isn’t a competition. Follow your own path — whether it’s a plains game hunt, a Cape buffalo hunt, or something else entirely.

Maybe it’s a one-time African hunt; maybe many more. Do what you are comfortable with and enjoy the experience. I chose a career in law enforcement not to become wealthy, but because it suited me. If I were wired a different way, I might feel insecure comparing myself to the many more intelligent and accomplished AH members of this forum, but I am content in knowing that sometimes it’s better to be lucky than smart.

If I never set foot in Africa again, it won’t be the end of the world. But as long as I have the financial means to go and can maintain my health, I will go as often as I can. Please don’t tell my wife this — I can’t afford another divorce! Just joking. This one’s a keeper, you better believe it!

Right now, I enjoy shooting my .458 Lott, feeling the heft of my rifle while hunting DG, focusing on the challenge and feeling the excitement — pushing all negative thoughts away and concentrating on making that all-important shot. Enjoying every moment, the successes and the failures.

Someday it will end.
 

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