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View Full Version : Life How much moola is enough yearly?


LaChapelle
06-12-2009, 04:54 PM
Enough so you never have to work again. Not too much that you have family coming out of the woodwork for a loan. A posse kissing your ass to mooch. Or your family getting kidnapped for a ramsom.

You need to tell where you intend to live. Living in cabin in Montana is going to take less than living in a penthouse in NY.

Pare it down.

Bacon Cheeseburger
06-12-2009, 04:57 PM
Probably a lot less than I make now because it seems like I spend half of what I make on stuff I have to have to work.

wild1
06-12-2009, 04:59 PM
i think it's pretty well-established that no matter what people make the answer is always just a few percentage points more

JASONSAUTO
06-12-2009, 05:00 PM
living where i live now i could probably live on 25k a year. maybe less if we didnt eat out as much

Rain Man
06-12-2009, 05:04 PM
Do I get it adjusted for inflation each year?

To get it right now, I'd have to cover my mortgage, which is not small.

BWillie
06-12-2009, 05:18 PM
If I didn't have to work, ever, and I just got received a yearly check before taxes of 60K. That would be good for me. I want to make more than 60K working, but if I don't have to work. I'm sure 60K would do as long as it was adjusted to inflation the rest of my life.

Imagine how glorious the day would be. I wake up whenever I want. Turn on some sportscenter, drink a beer, lay on the couch. Go play golf. Go to the gym. Get bored, go to Las Vegas. Show up at the work of my friends in a Hawaiian shirt and some flip flops just to say hi. Engorge myself in some mongolian buffet. Find some hookers. Play some poker at the casino. Man. I can only dream how awesome that much free time would be.

Contrarian
06-12-2009, 05:20 PM
$140,000 to live in a decent neighborhood, nice house with growth potential and appreciation, afford hobbies and vacation, and still be comfortable with a modest savings.
Of course that is if you have kids that take $2000 a month to support and maintain.

Rain Man
06-12-2009, 05:24 PM
If I didn't have to work, ever, and I just got received a yearly check before taxes of 60K. That would be good for me. I want to make more than 60K working, but if I don't have to work. I'm sure 60K would do as long as it was adjusted to inflation the rest of my life.

Imagine how glorious the day would be. I wake up whenever I want. [Housing and utilities - $1,000 per month] Turn on some sportscenter [Cable - $100] , drink a beer [Food and beverage - $300] , lay on the couch [Household goods - $300] . Go play golf. [Housing - $500] Go to the gym. [Gym - $50] Get bored, go to Las Vegas. [Vacation - $1,000] Show up at the work of my friends [Car and maintenance - $500] in a Hawaiian shirt and some flip flops just to say hi. [Clothing - $100] Engorge myself in some mongolian buffet. [Mongolian food - $250] Find some hookers. [Harlots - $1,500] Play some poker at the casino. [Gambling - $3,100] Man. I can only dream how awesome that much free time would be.

Okay, that's $110,000 a year after taxes. Probably $150,000 before, and you don't have insurance of any type.

Maybe you could pull insurance money from your harlot budget, though.

RJ
06-12-2009, 05:27 PM
It's hard to say. I would think that if I didn't have to work I'd spend at least twice as much on beer.

And with all that free time, I'd want to do more stuff like travel, play golf, go out to eat....I mean, what's the point of free time if you spend it all hanging out at home?

And of course all the bills still have to be paid, still gotta eat, buy clothes, pay for my daughter's school.....

I'd say 100K, minimum.

Mr. Flopnuts
06-12-2009, 05:27 PM
249,999 dollars. I don't need any new taxes.

seclark
06-12-2009, 05:28 PM
as long as i can keep mrs. sec working, all i need is enough for beer, chew and gas.
sec

Mr. Flopnuts
06-12-2009, 05:28 PM
as long as i can keep mrs. sec working, all i need is enough for beer, chew and gas.
sec

You're my hero.

seclark
06-12-2009, 05:29 PM
You're my hero.

just keep it simple.
sec

bevischief
06-12-2009, 05:30 PM
$300,000.

Dave Lane
06-12-2009, 05:40 PM
Couple mill a year.

Rain Man
06-12-2009, 05:43 PM
just keep it simple.
sec


Dr. Pepper and cashews for me. Dr. Pepper and cashews.

Pestilence
06-12-2009, 05:44 PM
To cover me and my family comfortably?

$200,000 a year

JASONSAUTO
06-12-2009, 05:49 PM
To cover me and my family comfortably?

$200,000 a year

do you make that now?

RNR
06-12-2009, 06:00 PM
249,999 dollars. I don't need any new taxes.

LMAO

cdcox
06-12-2009, 06:20 PM
$150K would allow me to continue my current life style and fill my new free time with interesting activities. I could get by with a lot less, but would need to go to work to fill my time.

Skip Towne
06-12-2009, 06:30 PM
do you make that now?

I'm guessing none of these guys make as much as they say they would need.

SBK
06-12-2009, 06:30 PM
Enough is not very much, want is a ton.

JASONSAUTO
06-12-2009, 06:31 PM
I'm guessing none of these guys make as much as they say they would need.

thats what i was thinking skippy, and the OP says pare it down

RJ
06-12-2009, 06:40 PM
I'm guessing none of these guys make as much as they say they would need.



I'm assuming the wife gets to stay home as well.

Did I miss something in the guidelines?

RJ
06-12-2009, 06:44 PM
thats what i was thinking skippy, and the OP says pare it down


If I have to pare it down, I'd rather go to work. Like cdcox said, it's gonna cost money just to fill the spare time. A round of golf ain't cheap.

I guess we could get by on a lot less if we lived in a cave, but the shower better be plenty hot and have good water pressure or my wife won't like it.

cdcox
06-12-2009, 06:51 PM
If someone offered me what I make now to retire today, I might honestly keep working. I don't think I've yet reached the plateau of my earnings. Besides, if I sit around the house for a couple days, I get really down. I'd rather be busy, and that takes a certain amount of mad money if I'm not working. For sure even if I "retired" at my current salary, I'd be looking for ways to earn more money on the side.

So I think I've stayed within the OP question of how much would you need to make in order to "never have to work again".

RJ
06-12-2009, 06:58 PM
If someone offered me what I make now to retire today, I might honestly keep working. I don't think I've yet reached the plateau of my earnings. Besides, if I sit around the house for a couple days, I get really down. I'd rather be busy, and that takes a certain amount of mad money if I'm not working. For sure even if I "retired" at my current salary, I'd be looking for ways to earn more money on the side.

So I think I've stayed within the OP question of how much would you need to make in order to "never have to work again".


That's how I saw it as well.

But perhaps the question is "say you're a lazy bastard and really don't want to work, what is the bare minimum lifestyle and income you could tolerate?"

Since I'm not lazy, I don't want to lower my standard of living - not that it's such a high standard now - just so I won't have to get out of bed in the morning.

bevischief
06-12-2009, 07:05 PM
How much has Congress spent this year? About 20% of that...

Mr. Krab
06-12-2009, 07:48 PM
I think 100k per yr would be enough to last anyone alive right now until they die. Unless you live in some really high cost of living area. If you gave yearly cost of living increase the 75k is enough right now ramping up to 100k.

El Jefe
06-12-2009, 08:15 PM
I think 100k per yr would be enough to last anyone alive right now until they die. Unless you live in some really high cost of living area. If you gave yearly cost of living increase the 75k is enough right now ramping up to 100k.

That's almost 5 times what I make a year. ROFL

RJ
06-12-2009, 08:59 PM
I think 100k per yr would be enough to last anyone alive right now until they die. Unless you live in some really high cost of living area. If you gave yearly cost of living increase the 75k is enough right now ramping up to 100k.


100K to support how many people?

Nzoner
06-12-2009, 09:21 PM
If I could have my dream scenario I'd be living in Vegas August thru Feb and be gambling on NFL action every week,after that I'd retreat to the Bahamas to live on my boat.So $300,000 a year should cover it.

Bacon Cheeseburger
06-12-2009, 09:32 PM
I'm guessing none of these guys make as much as they say they would need.
I said I'd need less than I make now.

Skip Towne
06-12-2009, 09:56 PM
I said I'd need less than I make now.

I only have $8000 fall out of the sky each year. That's not enough.

Bacon Cheeseburger
06-12-2009, 10:00 PM
I only have $8000 fall out of the sky each year. That's not enough.
Yeah, I'd have to have a little more than that. By the way, what's up with DTN, did they get bought out by someone? I noticed the sign was changed at their headquarters.

J Diddy
06-12-2009, 10:01 PM
That's how I saw it as well.

But perhaps the question is "say you're a lazy bastard and really don't want to work, what is the bare minimum lifestyle and income you could tolerate?"

Since I'm not lazy, I don't want to lower my standard of living - not that it's such a high standard now - just so I won't have to get out of bed in the morning.

Enough to buy a 1000 acres of land with a stream running through it.

Far, far away from everyone.

svuba
06-12-2009, 10:42 PM
Exactly 2x what I make now.


This formula can be applied to almost everybody.

alanm
06-12-2009, 10:44 PM
Okay, that's $110,000 a year after taxes. Probably $150,000 before, and you don't have insurance of any type.

Maybe you could pull insurance money from your harlot budget, though.Well done and thought out. Nice budgetary breakdown. :thumb::thumb:

BWillie
06-12-2009, 10:47 PM
Exactly 2x what I make now.


This formula can be applied to almost everybody.

Wouldn't you trade off more free time for a little less income? For example, if you make 100K a year while working 40 hours a week, would you accept 75K a year while working 20 hours a week?

alanm
06-12-2009, 10:49 PM
How much has Congress spent this year? About 20% of that...I'm not greedy I'd settle for 1% of that.

tmax63
06-13-2009, 07:24 AM
My daddy once said "you can work for nothing cheaper than loafing on a $1 a day." You can't do nothing cheaply because everything costs and with that much free time I'd go crazier than some of the posters around here. You better figure on $25,000 a year for hobbies to keep you busy or more if your hobbies don't provide any return on expense. That being said, somewhere around $100k/yr would be a good start for where I'm at now.

LaChapelle
06-13-2009, 07:40 AM
Build houses with Habitat for Humanity. Travel the country in a travel trailer. Rebuild a muscle car. Raise money for charity. Grow a garden. Read. Join a crew and clean up after natural disasters. Try living off the land for a summer. Train for a marathon. Go learn to be a master chef.

Perhaps women would be better at this than men. They tend to be more altruistic.

-You don't have to help others, but if you are bored or feeling lazy. Hey. It's having time to try new things.

Von Dumbass
06-13-2009, 08:26 AM
I could get by pretty easily on 30,000 a year, probably even less.

Give me a fully furnished trailor next door to a grocery store and all I would need is internet access, cable TV, and an xbox. I wouldn't even need a car. Ramen Noodles are pretty much my favorite food, that, or Hamburger Helper.:thumb:

stevieray
06-13-2009, 08:29 AM
30k

Skip Towne
06-13-2009, 08:53 AM
I could get by pretty easily on 30,000 a year, probably even less.

Give me a fully furnished trailor next door to a grocery store and all I would need is internet access, cable TV, and an xbox. I wouldn't even need a car. Ramen Noodles are pretty much my favorite food, that, or Hamburger Helper.:thumb:

How would you get to Wal-Mart? Everybody has to go to Wal-Mart. Better ask for a motor scooter.

Von Dumbass
06-13-2009, 09:06 AM
How would you get to Wal-Mart? Everybody has to go to Wal-Mart. Better ask for a motor scooter.

:hmmm: Good point. I guess I need a trailer next door to Wal-Mart.

I'll pass on the scooter, I don't wanna look like this guy

http://img40.imageshack.us/img40/4937/1000821w.jpg (http://img40.imageshack.us/i/1000821w.jpg/)

Skip Towne
06-13-2009, 09:08 AM
:hmmm: Good point. I guess I need a trailer next door to Wal-Mart.

I'll pass on the scooter, I don't wanna look like this guy

http://img40.imageshack.us/img40/4937/1000821w.jpg (http://img40.imageshack.us/i/1000821w.jpg/)
Yeah, I guess you're right.

CoMoChief
06-13-2009, 09:25 AM
100k would be about right for me.

FAX
06-13-2009, 10:04 AM
It all depends, I suppose, on your chosen lifestyle. It doesn't have to take a lot of money if you have quality priorities, though.

Seeds. Gardening and growing own food. $80.00.
Cans & Bottles & Jars. To keep food in. $500.00.
Gun. To shoot more food. $200.00.
Bullets. See above. $3000.00. (Bad shot.)
Wire. For hut/bicycle maintenance & hut/bicycle repairs. $60.00.
Lamps. $95.00.
Kerosene. For lamps. $500.00.
Matches. $20.00.
Magazine Subscriptions. $60.00.
Hookers. $25000.00.

Total: $29515.00

I would be concerned that the hooker budget is kind of small. Maybe I could increase the bullet budget slightly and bring that down a little, though.

FAX

Skip Towne
06-13-2009, 10:27 AM
It all depends, I suppose, on your chosen lifestyle. It doesn't have to take a lot of money if you have quality priorities, though.

Seeds. Gardening and growing own food. $80.00.
Cans & Bottles & Jars. To keep food in. $500.00.
Gun. To shoot more food. $200.00.
Bullets. See above. $3000.00. (Bad shot.)
Wire. For hut/bicycle maintenance & hut/bicycle repairs. $60.00.
Lamps. $95.00.
Kerosene. For lamps. $500.00.
Matches. $20.00.
Magazine Subscriptions. $60.00.
Hookers. $25000.00.

Total: $29515.00

I would be concerned that the hooker budget is kind of small. Maybe I could increase the bullet budget slightly and bring that down a little, though.

FAX

If you're going to spend that much on hookers you better budget for some STD medications.

RJ
06-13-2009, 10:36 AM
Build houses with Habitat for Humanity. Travel the country in a travel trailer. Rebuild a muscle car. Raise money for charity. Grow a garden. Read. Join a crew and clean up after natural disasters. Try living off the land for a summer. Train for a marathon. Go learn to be a master chef.

Perhaps women would be better at this than men. They tend to be more altruistic.

-You don't have to help others, but if you are bored or feeling lazy. Hey. It's having time to try new things.



Some of that stuff could get pretty expensive. All admirable goals, but you'll need a good bankroll.

BWillie
06-13-2009, 11:40 AM
It all depends, I suppose, on your chosen lifestyle. It doesn't have to take a lot of money if you have quality priorities, though.

Seeds. Gardening and growing own food. $80.00.
Cans & Bottles & Jars. To keep food in. $500.00.
Gun. To shoot more food. $200.00.
Bullets. See above. $3000.00. (Bad shot.)
Wire. For hut/bicycle maintenance & hut/bicycle repairs. $60.00.
Lamps. $95.00.
Kerosene. For lamps. $500.00.
Matches. $20.00.
Magazine Subscriptions. $60.00.
Hookers. $25000.00.

Total: $29515.00

I would be concerned that the hooker budget is kind of small. Maybe I could increase the bullet budget slightly and bring that down a little, though.

FAX


no no no fax. if you kill the hooker you get your money back, and you get free services. nobody cares about hookers anyway.

LaChapelle
06-13-2009, 12:27 PM
Some of that stuff could get pretty expensive. All admirable goals, but you'll need a good bankroll.

No it doesn't.

cdcox
06-13-2009, 12:40 PM
No it doesn't.

Rebuilding a muscle car, traveling the country in a travel trailer, and learning to be a master chef all require significant investment, especially if you are lacking the tools and trailer (not to mention the right kind of vehicle to pull it).

Mr. Krab
06-13-2009, 12:42 PM
100K to support how many people?
The size of family makes a huge difference, the location you live makes a huge difference. I imagine a couple could make it on 100k even with a couple of kids. Everyone person you add lowers the 'extra' stuff you can do on 100k.

LaChapelle
06-13-2009, 12:44 PM
They don't have to be. Think sow belly instead of ham steak.

KCChiefsMan
06-13-2009, 01:46 PM
If I were just handed $35K a year for the rest of my life, I'd be a happy retired guy. I could make it work and it would be great.

RJ
06-13-2009, 01:57 PM
No it doesn't.



I'll respectfully disagree with you there.

LaChapelle
06-13-2009, 03:35 PM
I guess an air mattress in a pick up camper shell. While pulling a teardrop camper for cooking and bathroom facilities is out of the question. ROFL

crazycoffey
06-13-2009, 04:59 PM
30K/year I could make work just fine, I'd move to a cabin in Colorado, ski all winter, fly fish all summer.

Pants
06-13-2009, 05:44 PM
$80,000/year to live a very comfortable [single] life.

cdcox
06-13-2009, 05:59 PM
I guess an air mattress in a pick up camper shell. While pulling a teardrop camper for cooking and bathroom facilities is out of the question. ROFL

When you've got a middle aged wife who isn't used to (and hates) that life style, then yeah it's out of the question.

RJ
06-13-2009, 06:22 PM
I guess an air mattress in a pick up camper shell. While pulling a teardrop camper for cooking and bathroom facilities is out of the question. ROFL


Maybe we disagree on what a "good bankroll" is. How much you figure you'll need for that traveling, muscle car building and chef schooling?

We might also be coming from different places. I'm a 50 year old man with a wife and a 6 y/o daughter. If I were 20 years younger and single I'd view my needs differently. About 15 years ago I spent about 3 months on a road trip figuring out some stuff. I spent 3 out of 4 nights camping in state parks. When the weather was nice I used a sleeping bag, if it wasn't I slept in the car. I "showered" in the men's room sink. I ate lunch on the road, dinners were cooked on my little 12" Weber charcoal grill.

Having done it, I can say that, while cheap, it wasn't as cheap as I though it would be. And from where I am now I wouldn't do it again.

But it was sure as hell fun back then.

BWillie
06-13-2009, 10:19 PM
When you've got a middle aged wife who isn't used to (and hates) that life style, then yeah it's out of the question.

That would suck to only be loved for the money you make. I think I just want to be rich so I can act like a total dickhead once my wife starts bitching about not having the lifestyle she wanted. First time she did that I'd put trailer on the front yard of my mansion and make my wife live in it, then trade her Lexus in for a 1983 Ford Tempo.

RJ
06-13-2009, 10:26 PM
That would suck to only be loved for the money you make. I think I just want to be rich so I can act like a total dickhead once my wife starts bitching about not having the lifestyle she wanted. First time she did that I'd put trailer on the front yard of my mansion and make my wife live in it, then trade her Lexus in for a 1983 Ford Tempo.


Is that really how you interpreted the quoted post?

cdcox
06-13-2009, 10:28 PM
That would suck to only be loved for the money you make. I think I just want to be rich so I can act like a total dickhead once my wife starts bitching about not having the lifestyle she wanted. First time she did that I'd put trailer on the front yard of my mansion and make my wife live in it, then trade her Lexus in for a 1983 Ford Tempo.

Yes, you're right. A middle aged woman not wanting to sleep on an air mattress is the back of a pickup means she's a money-grubbing, Lexus-driving bitch.

RJ
06-13-2009, 10:31 PM
Yes, you're right. A middle aged woman not wanting to sleep on an air mattress is the back of a pickup means she's a money-grubbing, Lexus-driving bitch.


Seriously, why do you put up with it?

BWillie
06-13-2009, 10:48 PM
Is that really how you interpreted the quoted post?

Yes. Women. All money hungry heathens. Spawn of Satan.

cdcox
06-13-2009, 11:00 PM
Yes. Women. All money hungry heathens. Spawn of Satan.

That would suck to think that way.

TinyEvel
06-13-2009, 11:00 PM
this...

cdcox
06-13-2009, 11:07 PM
this...

My dFT/dI = 0, at least during the school year.

acesn8s
06-13-2009, 11:21 PM
$60,000 for a car
$50,000 for new bike
$20,000 for the personal property taxes
$20,000 for home repair/upgrades
$5000 Chiefs season tickets/parking
$3000 tailgating
$10,000 food
$12,500 gas
$2,500 Chiefs gear
$2000 for a new pc/programs
$5000 for a new wide screen
$5000 golf membership
$10,000 vacation
$10,000 insurance

TOTAL $215000

acesn8s
06-13-2009, 11:22 PM
Yes. Women. All money hungry heathens. Spawn of Satan.You must have met my ex-wife

alnorth
06-14-2009, 12:05 AM
If your making grand plans, you also need to keep inflation in mind. If your 30 years out from retirement and you assume 3% inflation (very low estimate given all the money we are printing now), take whatever income your dreaming of now and multiply it by 2.5

You think you'd need $100,000 today? Keep in mind that hopefully your mortgage is paid (or if not, you can downsize to a smaller home if you need the cash flow) and you have social security coming in your mid-60's, but if you need 100 grand/year on top of that then figure 250,000/year. Need only 50,000 per year if you retired today? You'd need about 125 grand 30 years from now.

At that point how much money you need to pull it off varies on investing ability, life expectancy, pensions to pay for part of it, etc but whatever you need annually from your own savings at age 65ish, multiplying that by 25 as your needed "pot" of money is a good conservative rule of thumb.

(quick and dirty example: lets say you'd need 70,000 today but 30 years from now your mortgage is gone so you figure you only need 55,000 in today's dollars. With inflation thats 137,500 (at least) in tomorrow's dollars. Lets say you will get social security at 50,000, so youll need to kick in 82,500 in tomorrow's dollars from your own savings. To do that very safely with a bump for inflation every year in retirement and a long life expectancy, you'd probably need around 2 million by then)

Slainte
06-14-2009, 12:09 AM
If your making grand plans, you also need to keep inflation in mind. If your 30 years out from retirement and you assume 3% inflation (very low estimate given all the money we are printing now), take whatever income your dreaming of now and multiply it by 2.5...

alnorth: Throwing icewater on your financial erections since 12:05am...

alnorth
06-14-2009, 12:20 AM
alnorth: Throwing icewater on your financial erections since 12:05am...

Heh, any time I pay off a debt, get a raise, bump up my 401k contribution, and start feeling good about where I'm going, I get a reality check by running the numbers based on what I'd "like" to do and realize its still not enough.

Start early, dont be irresponsible with high-interest debt, and save as much as you can. Unless you got a wicked police/firefighter/teacher pension or your one of those very new nutcases that lives in poverty and saves a staggering amount of money, whatever your saving, its probably not enough unless youve got a fairly modest or typical retirement dream.

Slainte
06-14-2009, 12:52 AM
Heh, any time I pay off a debt, get a raise, bump up my 401k contribution, and start feeling good about where I'm going, I get a reality check by running the numbers based on what I'd "like" to do and realize its still not enough.

Start early, dont be irresponsible with high-interest debt, and save as much as you can. Unless you got a wicked police/firefighter/teacher pension or your one of those very new nutcases that lives in poverty and saves a staggering amount of money, whatever your saving, its probably not enough unless youve got a fairly modest or typical retirement dream.


Couldn't agree w/ you more. I do the same damn thing.

In fact, I've had a financial advisor for the last 11 years--I actually pay a dude to tell me no matter how much my check goes up over the years--it's not enough!

I have had an AF pension for 6 years now and a great (but not as great as I'm ultimately aiming for) paying job but I keep running the numbers and it's still somewhat disturbingly far from where I want to end up.

LaChapelle
06-14-2009, 08:27 AM
Maybe we disagree on what a "good bankroll" is. How much you figure you'll need for that traveling, muscle car building and chef schooling?

We might also be coming from different places. I'm a 50 year old man with a wife and a 6 y/o daughter. If I were 20 years younger and single I'd view my needs differently. About 15 years ago I spent about 3 months on a road trip figuring out some stuff. I spent 3 out of 4 nights camping in state parks. When the weather was nice I used a sleeping bag, if it wasn't I slept in the car. I "showered" in the men's room sink. I ate lunch on the road, dinners were cooked on my little 12" Weber charcoal grill.

Having done it, I can say that, while cheap, it wasn't as cheap as I though it would be. And from where I am now I wouldn't do it again.

But it was sure as hell fun back then.

1) I said rebuild a muscle car, not restore a classic.
2) I gave examples of things you could do. Not several things to juggle all at once.
3) If you want to do something, you can find a way. Not have a pile of cash and then decide what to do with it.

crazycoffey
06-14-2009, 11:10 AM
You must have met my ex-wife


Did you marry my ex, or did I marry yours? - how many spawns of satan are there really?

JuicesFlowing
06-14-2009, 11:14 AM
The key to everything is staying out of credit card debt. I didn't learn that lesson when I moved out on my own in my early 20's. I have a pretty good salary, but credit card debt takes away the ability to save anything. God bless anyone who doesn't fall into the credit card trap!

alnorth
06-14-2009, 11:16 AM
The key to everything is staying out of credit card debt. I didn't learn that lesson when I moved out on my own in my early 20's. I have a pretty good salary, but credit card debt takes away the ability to save anything. God bless anyone who doesn't fall into the credit card trap!

Been there, done that, had years of lost savings to show for it. Now I game the system the way your supposed to: most of my expenses get churned through a couple credit cards I've kept to earn points and cash back rewards, then they get paid off at the end of the month. I havent paid interest in four years, and even then it was only for 3 months when I was broke and had to get an interviewing suit.

Otter
06-14-2009, 11:17 AM
Too relative of a question to be answered so generally.

It's like asking "what kind of vehicle should I buy" without any input to your expectations, performance or goals.

I'm either staying in the rat race of IT or living off the land one day herding sheep in New Zealand making prolly 10K a year.

I honestly don't know what one would make me happier just yet.

JuicesFlowing
06-14-2009, 11:20 AM
Been there, done that, had years of lost savings to show for it. Now I game the system the way your supposed to: most of my expenses get churned through a couple credit cards I've kept to earn points and cash back rewards, then they get paid off at the end of the month. I havent paid interest in four years, and even then it was only for 3 months when I was broke and had to get an interviewing suit.

I understand. In a few years when student loans and car payments are paid for, I'll be able to gain momentum and get out of that mess. Credit Cards can be a life saver. Just ... a bad thing to rely on when young as I learned.

Frazod
06-14-2009, 12:02 PM
ONE MILLION DOLLARS!