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How are you doing financially? (lemm.ee)

submitted 1 month ago by [email protected] to c/[email protected]

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I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

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[–] [email protected] 46 points 1 month ago (10 children)

Live below my means, invest the rest.

I don't dress or act like people in my pay range. My house is small and in a quiet neighborhood and cost less than my salary. Car is older but paid off and I know all the quirks and have the toolbox in the back to fix it. It is probably one of the top 5 most reliable cars in history. My work dress shoes are 10 years old and my around the house shoes were new in 2019.

I spend my money where I spend my time. So I have a nice phone, a very nice monitor and mechanical keyboard, and a good computer. And all with the right to repair philosophy. Same for my wife and kids. And also good running shoes, good exercise equipment.

The plan is to get to a point where I can just not work at all and maintain my lifestyle. Three percent rule and all that. And also help launch my kids.

Something about a 25 year roof and a Japanese shit box car in my fortress of solitude.

FWIW I grew up really really really poor like you wouldn't believe so I'm okay with this.

[–] [email protected] 3 points 1 month ago (1 children)

top 5 most reliable cars in history.

i'm listening. is it an old corolla?

[–] [email protected] 2 points 1 month ago

Camry

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