Quote:
Originally Posted by Crowbob
I grew up poor. Not dirt poor but more like gravel poor. It was rocky at times.
Anyways, the first time I was homeless made it easier to overcome the second time and the third time I was homeless.
Now those experiences are paying enormous dividends in my retirement years that began at age 55 12ish years ago.
You can live very well on a fraction of what you think you need. During the working years you operate following a simple equation: Wealth = earn more + spend less.
After many years of diligence the equation changes in retirement but is still very simple:
Wealth = earn less + spend less. It’s mostly all about attitude.
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Very good post here. It took me a long time but once I learned to live within my means and think actively about what my life will look like after I can’t do my job anymore, I became much happier and stress free. Not saying I don’t have stresses in life, I do, finances just aren’t one of them. Live within your means and avoid interest payments.