- Joined
- Nov 11, 2007
- Messages
- 4,793
- Reaction score
- 1,758
- Location
- Rendon TX
- First Name
- Mike
- Last Name
- Brewster
This is a tough one and there certainly isn't one "right" answer. I've helped a lot of people through times of financial hardship and that affects my thinking. My basic premise is that I don't like to borrow money and will not do it for toys. Using this philosophy, I have assets in my garage rather than liabilities. It has also allowed me to retire at the ripe old age of 56.
I was never real good at the work/life balance stuff and worked too much. richmillertxs' idea is some of what drove me to retire, although I also liked Tourmiesters' comment on meeting responsibilities. I met our financial responsibilities, ensured that we have our basic needs were met then carved out a portion of our savings to use for "lifestyle". I hope it will take 30 years or so to see how it works out. If we wind up as old people with no money or die with a big bank account before then means I didn't get it quite right.
We are very fortunate to live in a time and a place where we can worry about such issues.
I was never real good at the work/life balance stuff and worked too much. richmillertxs' idea is some of what drove me to retire, although I also liked Tourmiesters' comment on meeting responsibilities. I met our financial responsibilities, ensured that we have our basic needs were met then carved out a portion of our savings to use for "lifestyle". I hope it will take 30 years or so to see how it works out. If we wind up as old people with no money or die with a big bank account before then means I didn't get it quite right.
We are very fortunate to live in a time and a place where we can worry about such issues.
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