The Money Mustache Community
General Discussion => Welcome and General Discussion => Topic started by: Gin1984 on October 21, 2014, 11:43:43 AM
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1) If either my husband or I get laid off, we can still pay the bills.
2) We have money in the budget to have/support a second child.
3) If we need to cut back our savings, we still will be able to retire.
Can anyone think of others?
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- You can consider yourself more badass than before when you were saving less.
- You will learn to live on less.
- Presumably you will be less materialistic.
- Your future is more secure.
- You are freeing yourself from enslavement to a job.
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-When something needs to be fixed wether it is car or house, you have the money to cover for that instead of going into debt.
-You get so used to savings that everytime you check out a flyer, you don't even want to buy all that junk they sell.
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-When something needs to be fixed wether it is car or house, you have the money to cover for that instead of going into debt.
-You get so used to savings that everytime you check out a flyer, you don't even want to buy all that junk they sell.
Ironically, because we are trying to stay in the 10% bracket, we don't have much spare cash around for when things break, most of it is in the retirement accounts.
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It provides a reason to learn to do new things which is not only delightful but may provide a long term benefit in preventing senility.
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You'll probably be in better shape for not eating out and utilizing your feet for transportation/recreation.
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You'll probably be in better shape for not eating out and utilizing your feet for transportation/recreation.
I really do have to work on this. I suck at making health, cheap food that tastes good. We only eat out about once a month, but still I often want to. Still a work in progress.
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- You have proof people CAN live on median income, or even less.
- Your kids won't have to financially take care of you when you are old.
- Your house won't get robbed because everyone is old, fixed with duct tape, or doesn't exist. :-)
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You enjoy the blank stares people give when you say you live under the federal poverty line.
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mo money
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mo money
fewer problems, despite what some people say
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You enjoy the blank stares people give when you say you live under the federal poverty line.
Wow, you need to record some of those faces and post them!
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-Confidence that you can handle whatever curve balls life tries to throw your way
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Gives you the ability of not having to save much later, even if you do decide to continue working.
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-Instead of "retail therapy" you learn to do things that actually make you happy
-You aren't trapped by high pay in a job
-Your job feels like high pay
-The world is less scary when you live in a neighborhood with graffiti and unmowed lawns, because those things no longer signal that someone is about to murder you.
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-Instead of "retail therapy" you learn to do things that actually make you happy
-The world is less scary when you live in a neighborhood with graffiti and unmowed lawns, because those things no longer signal that someone is about to murder you.
Its not murder I dont like about those places it is the attitude of the people.
Higher savings means less stress to me. You know you can survive on less if everything goes bad and if it goes right all the better.
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-Instead of "retail therapy" you learn to do things that actually make you happy
-The world is less scary when you live in a neighborhood with graffiti and unmowed lawns, because those things no longer signal that someone is about to murder you.
Its not murder I dont like about those places it is the attitude of the people.
lol oh
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Nobody has mentioned the feeling of gloating superiority.
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Self-reliance.
Less dependency is a very good thing. We will all still have to depend/rely on a steady cash inflow of some sort, but that shouldn't be too difficult to accomplish.
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mo money
fewer problems, despite what some people say
lol, you guys crack me up
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Nobody has mentioned the feeling of gloating superiority.
Shhhh, we are trying to be tactful and not hurt their feelings.
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Freedom, flexibility and choice.
If my job is miserable, I have the freedom to quit. I have options and choices that I would not have if I didn't have a 'stache.
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- Your house won't get robbed because everyone is old, fixed with duct tape, or doesn't exist. :-)
*giggles*
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- Your house won't get robbed because everyone is old, fixed with duct tape, or doesn't exist. :-)
*giggles*
Whoops, my bad.
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Nobody has mentioned the feeling of gloating superiority.
Shhhh, we are trying to be tactful and not hurt their feelings.
But but but I like feeling superior!
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1 - You will be able to retire. Comfortably, and much younger than most people.
2 - When you do retire you won't see much impact to your standard of living since you've been living below your means all along.
Double edged benefit...once retired, your income requirement immediately drops by whatever percent of your pre-retirement income you were saving...in our case, about 35%. Win/Win.
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Take advantage of any investment opportunity that comes along....