Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-21-2008, 01:02 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,406
Quote:
Originally Posted by FIREdreamer View Post
Until her death last year my grand mother lived on less than $500 a month, saving almost half of her social security check each month. And her brother lived on even less that that claiming my grandmother was wasting money when she installed central heating in her house.


But living in a country that provides its citizens with a wide range of social benefits is definitely an advantage for the people who retire on less. ... So if your not ashamed to play the system, your net income might actually be much higher than $1350. It could actually start to rival the average net income earned by working people with decent qualifications!
Good grief! What were they saving their money for? I guess they were happy enough with what they have, and I am sure that they did not feel deprived. Which shows happiness is just a state of mind.

About the European systems, no wonder so many of them have stagnant economies...
__________________

__________________
NW-Bound is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-21-2008, 01:45 PM   #22
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,043
Quote:
Originally Posted by NW-Bound View Post
Good grief! What were they saving their money for? I guess they were happy enough with what they have, and I am sure that they did not feel deprived. Which shows happiness is just a state of mind.
I have no idea what they were saving their money for. They both grew up dirt poor and lived through very tough economic times when they were young. I guess saving money was deeply ingrained in their soul. And by the way, by the time they retired my grand parents weren't poor anymore, their estate was worth several million dollars (mostly RE). But they never looked at it as a piggy bank.
Yet, despite their extreme thriftiness, they were some of the happiest people I have ever known. My grand mother's greatest pleasure was to munch on some strawberries from her garden.


Quote:
Originally Posted by NW-Bound View Post
About the European systems, no wonder so many of them have stagnant economies...
No kidding. But it is the choice they have made for themselves. Sacrifice growth for more income equalities. It seems to work for them and while I do appreciate some aspects of such policy, I also recognize that it encourages free loading and other less appealing human behavior.
__________________

__________________
FIREd is online now   Reply With Quote
Old 07-21-2008, 04:44 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,406
Quote:
Originally Posted by FIREdreamer View Post
No kidding. But it is the choice they have made for themselves. Sacrifice growth for more income equalities. It seems to work for them and while I do appreciate some aspects of such policy, I also recognize that it encourages free loading and other less appealing human behavior.
My wife's nephew married a Dannish girl. From him, we learned that her family hated their socialist policies. In fact, quite a few of her family members have emigrated to the US. Yet, some surveys on "national happiness" reported that overall, many European countries have happier campers than the US. It has a lot to do with economic security, I am sure. But the Americans do not realize that they can create their own security, like your grandparents and grand uncle have done.

PS. I've probably misread your post. Your relatives were living in Europe, not the US, yes?
__________________
NW-Bound is online now   Reply With Quote
Old 07-21-2008, 05:42 PM   #24
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,043
Quote:
Originally Posted by NW-Bound View Post
My wife's nephew married a Dannish girl. From him, we learned that her family hated their socialist policies. In fact, quite a few of her family members have emigrated to the US. Yet, some surveys on "national happiness" reported that overall, many European countries have happier campers than the US. It has a lot to do with economic security, I am sure. But the Americans do not realize that they can create their own security, like your grandparents and grand uncle have done.

PS. I've probably misread your post. Your relatives were living in Europe, not the US, yes?
Yes my relatives were living/are still living in Europe.
__________________
FIREd is online now   Reply With Quote
Old 07-21-2008, 05:57 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Ya know - I enjoyed cheap but good in the Louisiana swamp(1993-2005) - but never did buy any bumper stickers for my beater cars or pickups.

'We got it good in Slidell' I figured was a tad over the top.

Is the Terhorst's old blog on visiting Lafayette, LA still on the web?

heh heh heh - I'm retired from 'cheap bastardhood' - mainly due to time in the market and not getting any younger. As mentioned earlier Mr Market in the 90's and being really cheap early in ER really helped - and I've heard vicious rumors - you can't take it with you.

BUT - The Ultimate Cheapskate has joined our forum - so all is not lost! .
__________________

__________________
unclemick is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
They'll stop at nothing!! ScaredtoQuit FIRE and Money 15 05-01-2007 08:43 AM
Stop me before I travel again! pedorrero Life after FIRE 8 03-07-2007 05:15 PM
Book: Stop Working - Here's How You Can, Derek Foster My Dream FIRE and Money 2 12-05-2006 08:29 AM
Stop working = More college financial aid? LOL! FIRE and Money 60 11-19-2006 01:51 PM
Stop! You're Killing Me! jdmorton Other topics 44 03-15-2006 08:51 PM

 

 
All times are GMT -6. The time now is 03:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.