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Just got my 1st SS payment but still in a LBYM pattern
04-04-2018, 11:46 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Just got my 1st SS payment but still in a LBYM pattern
Even though I have a pretty nice nest egg, I continued to live below my means. Now after 70 years, I finally got my 1st SS payment. It feels so strange to have this extra big monthly chunk of money coming in. Bad habits (LBYM)  are hard to break.
__________________
I look to the present moment because that's where I live my life.
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04-04-2018, 12:04 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,673
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It's a tough burden to bear MJ, but I feel that you will learn, in time, how to spend your stash.
Congrats!
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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04-04-2018, 12:12 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,037
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Congrats on making it to the top of the pyramid... the SSA pyramid. I've got 13 more years before I stop contributing to it myself and another 28-32 before I too win the game.
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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04-04-2018, 12:25 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,295
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LBYM was a good lifestyle to get you there. Now it is time to reap at least a little of your rewards.
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TGIM
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04-04-2018, 01:11 PM
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#5
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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 Quote:
Originally Posted by MJ
Even though I have a pretty nice nest egg, I continued to live below my means. Now after 70 years, I finally got my 1st SS payment. It feels so strange to have this extra big monthly chunk of money coming in. Bad habits (LBYM) are hard to break. |
Keep working on those bad habits!
(and congratulations)
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04-04-2018, 01:55 PM
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#6
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Recycles dryer sheets
Join Date: May 2015
Location: Henderson
Posts: 258
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Its nice to have the Eagle fly over and drop a golden egg each month. And its wonderful when its not even needed[emoji16]!
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04-04-2018, 02:15 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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Congratulations MJ! I seem to remember that our very own W2R started reaping the extra benefit of SS not so long ago. Like you, she didn't need it, but was pleased as punch to have the extra money coming in.
Quote:
Originally Posted by MJ
Bad habits (LBYM) are hard to break. |
It might help to think not so much in terms of breaking them, as gently stretching them a little, until you've established a new norm. It's a tough job, but someone's gotta do it 
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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04-04-2018, 02:19 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Blow That Dough!
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04-04-2018, 02:22 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,047
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I did this last year (at 62 not 70) and, like you, am amazed that somehow there is this cash showing up monthly, like clockwork, in my account. Enjoy, enjoy is my advice!
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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04-04-2018, 02:37 PM
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#10
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,340
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Quote:
Originally Posted by MJ
Bad habits (LBYM) are hard to break. |
You might wish to join the support group:
http://www.early-retirement.org/foru...8-a-90646.html
__________________
I thought growing old would take longer.
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04-04-2018, 03:07 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by JoeWras
Blow That Dough!
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+1
Waygu steaks!
And your local food bank/animal shelter/little league/scout troop could probably use any extra you can spare...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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04-04-2018, 03:09 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Thanks for the positive encouragement. I feel like I just came out of a TD meeting (Tightwad Anonymous).
Full disclosure. Last October, my wife and I did take a 48 day trip to Italy, France and Spain so I am not a TOTAL tightwad. I must admit, I tried to keep my daily hotel bill to average of $75. That took a lot of work.
__________________
I look to the present moment because that's where I live my life.
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04-04-2018, 04:01 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 1,190
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Not there yet. FRA is still five years out. But honestly I still cannot wrap my head around the fact that at some point a check will miraculously be deposited each month.
What a wonderful concept, which I hope continues for the foreseeable future!
Congrats, it is a milestone not everyone gets to: both 70 and having waited to get SS.
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04-04-2018, 04:18 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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Quote:
Originally Posted by Dtail
LBYM was a good lifestyle to get you there. Now it is time to reap at least a little of your rewards.
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+100
I have the same problem-I have to talk to myself once in a while. I use DW's favorite quote, "Do we need it for groceries?" 
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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04-04-2018, 05:46 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,602
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Fixed Pensions should cover the vast majority of our ER needs (ie early 50s now).
As inflation erodes the buying value of the pensions, SS at age 70 will be a nice infusion.
-gauss
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04-04-2018, 06:12 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,512
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Congratulations on the SS check. That is pretty cool just like free money. LOL
I Know your pain of trying to break the habit of LBYM. That is a very hard habit to break.
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04-04-2018, 06:12 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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Quote:
Originally Posted by gauss
Fixed Pensions should cover the vast majority of our ER needs (ie early 50s now).
-gauss
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Absolutely! Between 2 SS and 2 pensions, we net about 70K, which covers most of our expenses. Since we have cut way back on travel, it cuts our WR way down
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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04-04-2018, 11:06 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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SS and pension checks coming in still feel a bit surreal. We don't have to work yet still get paid - what is not to like about that! Add in investment income and we feel very fortunate.
We continue to live below our means as well because we enjoy it. We still go out a lot and eat healthy. We look for bargains when we shop and buy event tickets - scoring the bargains is half the fun.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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04-05-2018, 07:00 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,692
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Quote:
Originally Posted by street
Congratulations on the SS check. That is pretty cool just like free money. LOL
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Free? Nah, more like finally being rewarded for all the years of hard work since most people (and many employers) typically has paid into the fund for a long, long time and then had those payments held for many years before finally tapping into a payment stream.... def not free.
But kudos to OP for finally reaping their rewards.... hope for them to continue to draw for many, many years...
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04-05-2018, 07:42 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 3,165
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Congrats! I will get there in less than two years and am looking forward to it. Maybe at that point I will quit worrying about the cost of a new pickup I have been wanting for way too long.
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