Started paying off debt, saving, and investing consistently over 25 years ago. It has really worked out, and my wife and I are more financially secure than most. Even still, we're one health crisis away from potential bankruptcy, because we live in the United States.
this post was submitted on 10 Oct 2024
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we're fiiinnneeeee. could be better
Average at best.
Barely surviving, but not from everyday expenses. Got two kids in college and this year FAFSA decided not to give any help to anyone so all expenses are on me.
every time I read one of those statistics, I feel the same way.
I'm doing very well relative to that statistic.
I live fairly simply, but I don't consider myself particularly frugal.
I like traveling, learning, eating, watching and reading stuff, and making things, which are all pretty cheap interests.
If I were to credit anything with my financial success, it would be a practiced awareness of financial opportunity and persistently learning about and attempting every viable opportunity I'm interested in to gain a practical knowledge of cost-benefit streams.
I've tried many ways to make money and work less, and some of them worked out.
I'm traveling this year, so I save most of my income, and with the IRS' FEIE I don't pay income tax(up to 120k).
I have a few investments and some ten thousands accruing interest.
i don't have immediate plans, but I want to buy some land at some point, basically so I have more area to build stuff and make stuff, sign up for cryonics and get a new electric bike or the Aptera if it every goes into production.
c'mon aptera.
It’s a difficult subject to discuss without sounding like you’re either bragging or talking down to those less well off.
I recently bought a new-to-me truck. I paid in cash, and if I wanted to, I could’ve bought two more. If I liquidated my investments, I could have bought three more, so six in total. I’m self-employed now, but I built all my wealth while working for a (plumbing) company where I was surrounded by people earning twice as much as I did. Yet, these are the people who need to finance their cars, have massive mortgages, and are always in a bad mood due to stress.
I understand that some people have been really unlucky and struggle to improve their financial position despite their best efforts, but these aren’t the people I’m talking about when I wonder how a working-age person can’t come up with a thousand bucks for an unexpected expense. I hardly even consider that a lot of money.
but I want to buy some land at some point, basically so I have more area to build stuff and make stuff.
I feel you there. What kind of things would you like to build? For me, it’s things like a rainwater harvesting system, solar/wind power, a pond with a pier and sauna, a chicken coop, a heated workshop with a car lift, a root cellar... I basically have an infinite list of projects I'd like to pursue.
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I have 1k euro left. No job, 35 years old. I wanna kill myself sometimes.
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I'm tied down by one financial anchor and have opted to add two more smaller ones on top of that for giggles. I live very comfortably paycheck to paycheck, if I need to save for anything I can fairly easily put away around 3k a month. I can afford a random 1k expense without issue, currently anything above 2k would be a bit tougher, but still manageable.
Are you saving for retirement?
Money is like water, you need some amount but more is not better. The smarter you are the less you need and the easier it becomes to always have plenty.
It sounds crazy to you because you have apparently had success handed to you through no work or special virtue of your own. Maybe get out of your comfy bubble a bit
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