Do you live within your means?

[Schneed10]

Originally Posted by mredskins

I hear you and for the most part have a healthy finincial portfolio but I hate people that are cheap and pinch ever damn penny. God lord live a little, you only have one life.

And if the only reason you are pinching every cent is so you can have quicker retirment, god bless you. I personally rather work then sit in my easy chair and watch the Price is Right every day at 60.

My brother in law's dad was just like that pinched every penny so damn cheap. He retired at 55 I belive, he went about 4 years of watching TV everyday, guess what now he has a job at a health club becasue he was so bored.

I HATE cheap people, I rather be broke and giving then rich and cheap, any day!

This was a general statement not targeted at you S10.

Let me clarify. If you're spending more than you're making, then you need to pinch pennies. Otherwise you're never going to retire, and you'll be flat out miserable when you're working at age 70 to supplement social security in an attempt to pay off debt. The "I hate cheap people" viewpoint is fine if you make enough money to generate savings and still save money. But if you don't make that much and you're going further into debt, then spending is one of the dumbest things you can do in life.

[mredskins]

Originally Posted by Schneed10

Let me clarify. If you're spending more than you're making, then you need to pinch pennies. Otherwise you're never going to retire, and you'll be flat out miserable when you're working at age 70 to supplement social security in an attempt to pay off debt. The "I hate cheap people" viewpoint is fine if you make enough money to generate savings and still save money. But if you don't make that much and you're going further into debt, then spending is one of the dumbest things you can do in life.

Well you have to spend to live no way around it.

[Schneed10]

Originally Posted by mredskins

Well you have to spend to live no way around it.

I guess you and I have vastly different definitions of what "living" is.

To me, you can't beat playing with your kids in the park on a sunny day. The best things in life are free.

That's not to say I don't spend the money to belong to a pool, or that I don't take them to amusement parks, etc. But you don't have to spend a lot to have a good time in life. My opinion.

[MTK]

I can honestly say that I do. I don't carry any month to month balances on my credit cards, I put 8% of my check towards my 401k and my employer kicks in 4.5%, I also make a monthly contribution to my IRA, and I don't live paycheck to paycheck. My employer also offers a pension which is rare these days. My only real debt is student loans and a car payment - no mortgage. Feels good, but it took me until my mid 30's to get to this point.

The plan is to retire at 55.

[mredskins]

Originally Posted by Mattyk72

I can honestly say that I do. I don't carry any month to month balances on my credit cards, I put 8% of my check towards my 401k and my employer kicks in 4.5%, I also make a monthly contribution to my IRA, and I don't live paycheck to paycheck. My employer also offers a pension which is rare these days. My only real debt is student loans and a car payment - no mortgage. Feels good, but it took me until my mid 30's to get to this point.

The plan is to retire at 55.

Not trying to be a jerk but did you not get your mortgage free home when your mother in law passed? That puts you way ahead of the game.

[MTK]

Originally Posted by mredskins

Not trying to be a jerk but did you not get your mortgage free home when your mother in law passed? That puts you way ahead of the game.

We did, we were able to sell our house and pay off our mortgage and obviously we're incredibly fortunate because of that. Believe me we'd give it all up in a heartbeat to have her back, but yes it put us way ahead of the game, obviously the circumstances that put us in this situation just stinks.

[mredskins]

Originally Posted by Mattyk72

We did, we were able to sell our house and pay off our mortgage and obviously we're incredibly fortunate because of that. Believe me we'd give it all up in a heartbeat to have her back, but yes it put us way ahead of the game, obviously the circumstances that put us in this situation just stinks.

I agree I would not trade any of my family members for a mortgage free home. So you still paid for your house just at a much higher price.Again, sorry for your lost.

After I posted this I went to lunch and thought this was a dick post, sorry if I salted any old wounds.

[olive523]

Originally Posted by Mattyk72

We did, we were able to sell our house and pay off our mortgage and obviously we're incredibly fortunate because of that. Believe me we'd give it all up in a heartbeat to have her back, but yes it put us way ahead of the game, obviously the circumstances that put us in this situation just stinks.

Indeed we are fortunate due to some very unfortunate circumstances. Beyond this though I firmly believe (although I'll never be able to prove it) that we were headed in the right direction. My dad was a cop, and built his wealth based on good old fashioned savings etc. Both me and Matty are well educated and have saved for retirement as soon as we could. After college we both paid off our credit card debt, and began saving. We did not buy an expensive house, but one we could reasonably afford. I can't deny we had an advantage, but that was exactly was my parentswanted for me and planned for themselves. Thanks to that, I'll be able to do the same for my own kids.

[doxiechic12000]

Originally Posted by mredskins

Not trying to be a jerk but did you not get your mortgage free home when your mother in law passed? That puts you way ahead of the game.

Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? No wonder, I wish I got a nice free handout like that, shame on him for being a braggart! Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.

[mredskins]

Originally Posted by doxiechic12000

Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? No wonder, I wish I got a nice free handout like that, shame on him for being a braggart! Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.

This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey.

I really hope that you would not want a family member to die in order to be debit free.

[SmootSmack]

Originally Posted by mredskins

This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey.

I really hope that you would not want a family member to die in order to be debit free.

The colossal fail was on doxiechic's part. Completely classless.

[mlmdub130]

Originally Posted by mredskins

This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey.

I really hope that you would not want a family member to die in order to be debit free.

doxiechic12000=jackass

jackass=read a few posts in the thread before commenting next time

[olive523]

Originally Posted by mredskins

This is a colossal fail on my part. I should have not posted what I did. Matty has never acted like that, I beleive even his wife wrote in this thread how it was a blessing from a tradgey.

I really hope that you would not want a family member to die in order to be debit free.

No worries, it was not taken that way. When my mom died, I had alot of guilt about what I inherited. In fact it caused some serious family problems, even though I am an only child and my mother had a will.

I have recently begun to get over this. Other people will always have their issues and its just that- their issues. I can't help the position I'm in and you know what, I'm not going to apologize for it either.

Like I said before, my parents worked hard for this so that they could enjoy it, and eventually me. Well eventually is here sooner then any of us wanted. All I can do is follow in thier footsteps and that is exactly what I plan to do.

[firstdown]

Originally Posted by doxiechic12000

Are you serious? This dude got his parents house after they passed away and he is seriously bragging about how much he saves? No wonder, I wish I got a nice free handout like that, shame on him for being a braggart! Cant stand people all high and mighty bragging when they have a huge bone like this tossed to them. I have a mortgage, have had one for 15 years now and am still paying on my damn student loan! I do not have any credit card debt and my car is nothing flashy but its paid for - yet I still have times when its a paycheck to paycheck month. I am able to contribute only 5% into my 401K but my hospital doest not match a dime. Im not whining or complaining, I do love to travel and love going to Vegas. Life is too short to plan on living when you are old and retired. I work in the healthcare industry and I see what the golden years look like. Its golden pee stained! Live your life along the way, enjoy the ride but at the time try to be somewhat responsible.

Your a first rate ass hole. The guy was not bragging, people where talking about their spending/saving. He even said he would perfer to have his mother-in-law back over having the house. Not all guys would say that. I'm guessing your job at the hosital is dumping bed pans and that explains alot of your anger issues.

[mredskins]

Another story, sorry, I hate cheap people.

This guy at work brags how his house paid off and all this crap. Guess how he did it by being cheap!

We had a little Thanksgiving office party yesterday he said he bring in napkins, everyone else was making something. Ok just bringing napkins is cheap but when they are napkins from various fast food restaruants that is really cheap!

Did I mention I hate cheap people!

On the same hand I hate people that over spend and are drowning in debit and expect everyone to save them.