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08-21-2018, 08:58 AM
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#21
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,664
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Quote:
Originally Posted by kcowan
Is Number 11 a typo or intentional: "Rile". I hope it was intentional!
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Ha Ha great catch. It has been like that for many years. I may fix it, I may not.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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08-21-2018, 09:02 AM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,169
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Quote:
Originally Posted by VanWinkle
Be fortunate enough to find a mate that feels the same way about saving and retirement. If one is pulling the cart with the brakes set, it doesn't go far. A great body is fine, but a great mind is much better!!!
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+1
I believe it was Ben Franklin who wrote in praise of having a frugal wife.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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08-21-2018, 09:04 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,320
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Quote:
Originally Posted by VanWinkle
Be fortunate enough to find a mate that feels the same way about saving and retirement. If one is pulling the cart with the brakes set, it doesn't go far. A great body is fine, but a great mind is much better!!!
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+2
And keep them happy!
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Grasshopper, take the pebble from my hand
08-21-2018, 09:48 AM
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#24
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Location: The Shire
Posts: 1,504
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Grasshopper, take the pebble from my hand
Start early, time will be your friend.
Start late, time will be your enemy.
__________________
Paying it forward is the best investment.
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08-21-2018, 09:54 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,504
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On the money making side..
- Pick a career you can excel in. Invest your time & effort in it. Learn to negotiate the best possible compensation.
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08-21-2018, 10:00 AM
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#26
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Thinks s/he gets paid by the post
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,938
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I wish I heeded #2(brown bagging lunch) much earlier in my career. I knew it was the prudent thing to do, but I was lazy. I only started brown bagging for health reasons, and then saw in a very concrete way how much money I was saving.
Beyond that, I'll add 2 suggestions. Notwithstanding credit card rebates, pay for restaurant meals and gifts with cash or debit card. And, spend less than you earn, a la:
https://vimeo.com/199334296
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08-21-2018, 10:04 AM
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#27
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,596
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I kind of backed into brown-bagging. Early on, I truly never had the money to spend on lunch from the employee cafeteria (no restaurants nearby). Eating from my brown bag during the day became a habit, as I used the 30 minute lunch break to go for a walk.
Mr. A. also never bought his lunch. Once, I did an envelope-back estimate of how much we'd each saved over a 30+ year career. This may sound hard to believe, but it was enough to make a serious difference in the kind of home we were able to afford!
Quote:
Originally Posted by mystang52
I wish I heeded #2(brown bagging lunch) much earlier in my career. I knew it was the prudent thing to do, but I was lazy. I only started brown bagging for health reasons, and then saw in a very concrete way how much money I was saving.
Beyond that, I'll add 2 suggestions. Notwithstanding credit card rebates, pay for restaurant meals and gifts with cash or debit card. And, spend less than you earn, a la:
https://vimeo.com/199334296
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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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08-21-2018, 11:14 AM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,681
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Quote:
Originally Posted by walkinwood
On the money making side..
- Pick a career you can excel in. Invest your time & effort in it. Learn to negotiate the best possible compensation.
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In my career, I found a way to be the "big fish in a small pond," making myself as indispensable as possible by doing certain tasks others in my area could not do. This gave met the leverage, not so much to negotiate better raises (that did happen early on) but to be able to work part-time for the last 7 years and work from home some of those years.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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08-21-2018, 11:33 AM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I learned all I needed from Pops at a young age;
The important and loudest spoken was the statement "Son you can make a million a year but if you spend a million a year you ain't ever gonna have (S word for feces), so salt some away.
The rest was the step by step plan;
1) Save enough so that you don't have to buy appliances and car repairs with credit.
2) Save some more for a down payment on a house so you can build equity. Take advantage of tax benefits. The mortgage should be your only debt.
3) After you have recovered from buying the house, start buying stocks.
I've never made more than 80 grand a year while I was working but I retired a millionaire following his advice.
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08-21-2018, 11:43 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,320
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RobbieB your father must have read Dickens.
Mr Micawber's famous, and oft-quoted, recipe for happiness: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
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08-21-2018, 01:10 PM
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#31
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Made brown bag lunches for DH, DS and DD for all their school years and DH for around 25 years till I started putting $5 a day for him to buy a lunch. I always took my lunch.
Live below your means, always pay yourself up to the free match from your employer.
Have a budget and stick to it.
Don't loan money to others, even family, unless you consider it a gift.
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08-21-2018, 01:17 PM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Our Ah-ha moment was back in 1982 when we realized that we could live off of one income and save the entire salary of the higher paid spouse. Once we decided to do that, all else pales in comparison since with less money to spend, one figures it out pretty quickly.
And before you jump on me, expenses eventually included day care & college for two kids, braces, etc. But there were no BMWs nor Mercedes.
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08-21-2018, 02:10 PM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,201
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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08-21-2018, 02:36 PM
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#34
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,129
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Quote:
Originally Posted by VanWinkle
Be fortunate enough to find a mate that feels the same way about saving and retirement. If one is pulling the cart with the brakes set, it doesn't go far. A great body is fine, but a great mind is much better!!!
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+1
My pre-marriage "AHA" moment was when DW and I started dating in college. On one of our early dates, before becoming a "couple", I had planned to take her to some relatively expensive event that lots of our friends were going to. The day before the event, when I was to receive my campus job paycheck that I planned to use for it, some glitch had occurred and I would not be getting the check for several days. When I told future DW that I would not be able to take her, she could have gone with someone else (there was a line of guys asking her), asked me about coming up with the money by borrowing , etc. Instead she suggested no big deal, why don't we just get some food from the dining hall and go have picnic in a nearby park and hang out and hike.
It got thru my thick head that (a) her priority was to spend time with me and not necessarily go to this event, and (b) she did not think spending money was required to have a good time. And the rest is history...
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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08-21-2018, 03:24 PM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,637
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I have to disagree with the comment on putting Starbucks out of business. I understand your intent on reducing frivolous spending, but don’t pick on just Starbucks. They provide a ton of jobs and pay a lot of taxes supporting communities and the federal government. They pay for free education for their employees and also have good health benefits and contributions to 401k plans, along with restricted stock grants. As a stockholder, I’ve done very well with their stock over the years. My DS and DDIL are both employed with Starbucks and my son had his Bachelors paid for by them with DDIL soon to graduate.
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08-21-2018, 03:40 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 2,533
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My #12: Maintain balance in everything. Work/life balance, spending/saving. Living a life of frugality and never enjoying what experiences money can help buy can lead to an unfulfilled life. My one regret over the past 30 years is that I only took five liveaboard dive trips. Should have taken at least one every other year!
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08-21-2018, 03:55 PM
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#37
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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Wow...
36 replies in less than 12 hours...
I keep this on my desktop as a reminder.
.................................................. ...............................................
STUFF WE DON'T SPEND MONEY ON
Life Insurance
New Clothing
Haircuts
Hair styling
Pedicures/manicures
Beauty products
Movies
Concerts
Sporting events
Restaurants (more than $8 meal)
Books
Music
"New" Computers (since 2002)... all refurb or reclaim
Software... (Twice in lifetime.. total $30) all other "free"
Car maintenance labor... all DIY except 3 times for major repairs
Brand vs. Generic foods
Premium meat or fish
Financial Advisor
Lawyer
Chiro/Massage/Tan etc.
Tatoos...
New Home Decor.. (all resale)
Cars.. since 1998...
Car Wash and wax... since 1989
Premium TV channels
New Bikes or Exercise equipment
Sporting goods
Cruises (so far)
Group trips
Flying (Airlines)
Lodging (more than 3 star)
Premium Gasoline
Tools (already have more than I'll ever use, including welders etc.)
Housekeeper
Carpet Cleaning
Window/Gutter/Furnace etc. Cleaning... all DIY
Premium booze/wine...
Jewelry
Organic foods
Brand sodas
Painting, remodeling
Weapons
Subscriptions (AARP only)
Gambling
Banking or Credit Card Fees
Appliance or Electonics insurance
Eye Glasses... except for $1readers (since 2000... maybe eye test this year.)
Pets... (except bird feed)
Healthcare maintenance... exercise equipment, pool, advisor etc... (all included in our senior community membership. (no fees)
Pest control... DIY
Only "fee for" is Activities Association (FL).. $6/year
.... for starters...
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08-21-2018, 04:11 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,596
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You subscribe to *AARP*?
They should probably be subscribing to you...
Quote:
Originally Posted by imoldernu
Wow...
36 replies in less than 12 hours...
I keep this on my desktop as a reminder.
.................................................. ...............................................
STUFF WE DON'T SPEND MONEY ON
Life Insurance
New Clothing
Haircuts
Hair styling
Pedicures/manicures
Beauty products
Movies
Concerts
Sporting events
Restaurants (more than $8 meal)
Books
Music
"New" Computers (since 2002)... all refurb or reclaim
Software... (Twice in lifetime.. total $30) all other "free"
Car maintenance labor... all DIY except 3 times for major repairs
Brand vs. Generic foods
Premium meat or fish
Financial Advisor
Lawyer
Chiro/Massage/Tan etc.
Tatoos...
New Home Decor.. (all resale)
Cars.. since 1998...
Car Wash and wax... since 1989
Premium TV channels
New Bikes or Exercise equipment
Sporting goods
Cruises (so far)
Group trips
Flying (Airlines)
Lodging (more than 3 star)
Premium Gasoline
Tools (already have more than I'll ever use, including welders etc.)
Housekeeper
Carpet Cleaning
Window/Gutter/Furnace etc. Cleaning... all DIY
Premium booze/wine...
Jewelry
Organic foods
Brand sodas
Painting, remodeling
Weapons
Subscriptions (AARP only)
Gambling
Banking or Credit Card Fees
Appliance or Electonics insurance
Eye Glasses... except for $1readers (since 2000... maybe eye test this year.)
Pets... (except bird feed)
Healthcare maintenance... exercise equipment, pool, advisor etc... (all included in our senior community membership. (no fees)
Pest control... DIY
Only "fee for" is Activities Association (FL).. $6/year
.... for starters...
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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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08-21-2018, 05:39 PM
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#39
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,299
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Quote:
Originally Posted by Amethyst
I kind of backed into brown-bagging.
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I did too, when my soon-to-be-ex-wife moved out of the house in 1983 and left me hanging on by my financial fingernails. I quickly figured out that I simply could not afford to buy lunches and bringing food from home was the only alternative. I did make one of my wiser investments: $15 for an Igloo lunchbox cooler. Rough calculations indicate that I've saved ~$15,000 in lunch expenses, not a bad ROI!
__________________
When I was a kid I wanted to be older. This is not what I expected.
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08-21-2018, 05:44 PM
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#40
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,263
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My aunt always said that it is just as easy to love a rich girl as a poor girl.
Why didn't I take her advice?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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