How good are you with your money?

[flyer]

Have to agree with the consensus that the situation referenced in this thread is extreme to the point of being sad.

Although we live in RSF, our family has always been very “practical,” and are big savers/investors.

My wife and I wanted to retire at 50–we achieved that goal at 51, and should be able to live the rest of our lives the way we want to, primarily because we had a very clear plan.

In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it!

[bearishgurl]

[quote=flyer] . . . In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it![/quote]

Excellent advice, flyer!

[bearishgurl]

[quote=flyer] . . . In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it![/quote]

Excellent advice, flyer!

[bearishgurl]

[quote=flyer] . . . In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it![/quote]

Excellent advice, flyer!

[bearishgurl]

[quote=flyer] . . . In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it![/quote]

Excellent advice, flyer!

[bearishgurl]

[quote=flyer] . . . In my estimation, the best thing a younger person can do is save/invest more than you think you’ll ever need, and seriously evaluate every expenditure–even when you’re making the big bucks.

That’s what we did, because, honestly, no one knows how long their gravy train will last–so many things can happen in life!

Even those making huge amounts of money, as we did as a couple, could see that income disappear over a 20-30 year period–so keep it while you have it![/quote]

Excellent advice, flyer!

[carlsbadworker]

I think my goal on saving is about balance. You never know what the future might hold, so I am not particularly interested in the concept of saving (or delaying consumption), but I am not particularly interested in wasting money either.

When I first got my job, the income was lower, so we never saved any large sum of money (except the emergency fund), but we never go into debt either, regardless of the income level. When the income grows, our expenditure never goes with it, it just levels off. I still don’t buy expensive stuff because I don’t think it’s necessary or I don’t think I can afford it (my criteria is that if the cost adds up to more than 1% of my net worth in a year, I will seriously consider if it is affordable).

I guess overall I just have less material needs. I am content with all that I have, there’re nothing I force myself not to have in order to save. So I leave no regret if something happens tomorrow and all my savings vaporate. But we seem to find an optimal level of expenditure already and we just automatically save/invest the rest.

[carlsbadworker]

I think my goal on saving is about balance. You never know what the future might hold, so I am not particularly interested in the concept of saving (or delaying consumption), but I am not particularly interested in wasting money either.

When I first got my job, the income was lower, so we never saved any large sum of money (except the emergency fund), but we never go into debt either, regardless of the income level. When the income grows, our expenditure never goes with it, it just levels off. I still don’t buy expensive stuff because I don’t think it’s necessary or I don’t think I can afford it (my criteria is that if the cost adds up to more than 1% of my net worth in a year, I will seriously consider if it is affordable).

I guess overall I just have less material needs. I am content with all that I have, there’re nothing I force myself not to have in order to save. So I leave no regret if something happens tomorrow and all my savings vaporate. But we seem to find an optimal level of expenditure already and we just automatically save/invest the rest.

[carlsbadworker]

I think my goal on saving is about balance. You never know what the future might hold, so I am not particularly interested in the concept of saving (or delaying consumption), but I am not particularly interested in wasting money either.

When I first got my job, the income was lower, so we never saved any large sum of money (except the emergency fund), but we never go into debt either, regardless of the income level. When the income grows, our expenditure never goes with it, it just levels off. I still don’t buy expensive stuff because I don’t think it’s necessary or I don’t think I can afford it (my criteria is that if the cost adds up to more than 1% of my net worth in a year, I will seriously consider if it is affordable).

I guess overall I just have less material needs. I am content with all that I have, there’re nothing I force myself not to have in order to save. So I leave no regret if something happens tomorrow and all my savings vaporate. But we seem to find an optimal level of expenditure already and we just automatically save/invest the rest.

[carlsbadworker]

I think my goal on saving is about balance. You never know what the future might hold, so I am not particularly interested in the concept of saving (or delaying consumption), but I am not particularly interested in wasting money either.

When I first got my job, the income was lower, so we never saved any large sum of money (except the emergency fund), but we never go into debt either, regardless of the income level. When the income grows, our expenditure never goes with it, it just levels off. I still don’t buy expensive stuff because I don’t think it’s necessary or I don’t think I can afford it (my criteria is that if the cost adds up to more than 1% of my net worth in a year, I will seriously consider if it is affordable).

I guess overall I just have less material needs. I am content with all that I have, there’re nothing I force myself not to have in order to save. So I leave no regret if something happens tomorrow and all my savings vaporate. But we seem to find an optimal level of expenditure already and we just automatically save/invest the rest.

[carlsbadworker]

I think my goal on saving is about balance. You never know what the future might hold, so I am not particularly interested in the concept of saving (or delaying consumption), but I am not particularly interested in wasting money either.

When I first got my job, the income was lower, so we never saved any large sum of money (except the emergency fund), but we never go into debt either, regardless of the income level. When the income grows, our expenditure never goes with it, it just levels off. I still don’t buy expensive stuff because I don’t think it’s necessary or I don’t think I can afford it (my criteria is that if the cost adds up to more than 1% of my net worth in a year, I will seriously consider if it is affordable).

I guess overall I just have less material needs. I am content with all that I have, there’re nothing I force myself not to have in order to save. So I leave no regret if something happens tomorrow and all my savings vaporate. But we seem to find an optimal level of expenditure already and we just automatically save/invest the rest.

[bubble_contagion]

Same here, mid-30s, income of 175K, rent same crappy apartment since college, cheapest cell phone plan, no cable TV, no A/C, slow internet, own a 50 MPG Prius, have no debt. On top of that I have native pets:

http://piggington.com/ot_native_pets

[bubble_contagion]

Same here, mid-30s, income of 175K, rent same crappy apartment since college, cheapest cell phone plan, no cable TV, no A/C, slow internet, own a 50 MPG Prius, have no debt. On top of that I have native pets:

http://piggington.com/ot_native_pets

[bubble_contagion]

Same here, mid-30s, income of 175K, rent same crappy apartment since college, cheapest cell phone plan, no cable TV, no A/C, slow internet, own a 50 MPG Prius, have no debt. On top of that I have native pets:

http://piggington.com/ot_native_pets

[bubble_contagion]

Same here, mid-30s, income of 175K, rent same crappy apartment since college, cheapest cell phone plan, no cable TV, no A/C, slow internet, own a 50 MPG Prius, have no debt. On top of that I have native pets:

http://piggington.com/ot_native_pets

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