barbarus
Recycles dryer sheets
- Joined
- Aug 1, 2007
- Messages
- 433
The last three or so years I was employed, I was saving around 50%.
Piker
I'd feel like a crazed profligate if I spent half of what I make.
Then again, most people would recoil from my lifestyle necessitated by extreme saving, but it is my choice.
The revolting issue is that the government has quite effectively wiped out our ability to safely make a reasonable return on saved sums. Between an obscenely low interest rate and taxes on that small amount, it is obvious that the "saver" is a reviled species in modern society. Even on this board it seems few are all that terribly upset with the current economic situation vis-à-vis saving.
There seems to be a general feeling here that we are just going through a slightly intense round of economic slowdown with a return to normalcy in the not too distant future. Most of the ERF posters seem to be into equities as the primary means of growing thier money any stocks very much have thier place when acquired at the right price. Thay is to say, cheaply.
I would sugest a more thourough consideration of the general economic condition at a global level. Things might not be completely rosey. Maybe it would be better to can the frugality approach and just live for the bleeding moment?