I ran into the same thing 35 years ago, so people have not only not learned, they seem to be getting worse! I had already been raised by a frugal family that believed in fixing things rather than buying new, keeping cars for 8 to 10 years if not longer, learning skills to do things like sewing, painting the house and cooking etc. When I realized that people about my own age and in the same job were maxing out their credit cards and not paying them off monthly, it made me more determined not to fall into that trap.
have NOTHING left of that money come the following pay cheque
john mcginnis wrote:Being on the roller coaster can be fun for a while but you soon realize its all for naught. I asked my wife when 'enough is enough' and her answer was never. I was at the divorce lawyers a month later. She is now my ex. Sometimes the price of FIRE can be very high, anticipate it.
john mcginnis wrote:"It is not fair to retire at age 42" -- Travis
Boy that shows a mindset right there. Travis that is exactly what most would say and its sad. That is a slave at a drone job, consume, get gold watch, watch a few sunsets then drop dead sort of thinking. We have lost the understanding as to the idea that an individual can be a producer and not just a consumer at any age.
Darren Tasker wrote:On interest in FIRE: We have been fortunate to have checked out early yet we have been astounded by the lack of interest in how and why we did it.
Mike Jay: Doesn't work=money=things? How can you live without making money? Um, maybe by saving it so you can live off it while you're still healthy.