Friday Quote

Don't let somebody tell you what you can't do especially if they haven't done it


-Les Brown

How much is enough?

......... enough to cover the bills and have some fun money left over.

After that, it's pure wealth. Get your mind right! Stop the treadmill, and get off the debt cycle and into the wealth cycle.

If you make enough to pay your bills and have money left over, Surprise! that's enough.

But I know, we are human, so it's hard to stay content. Boredom tends to creep in. So the debt keep rising.

The Gross National Debt

What is Financial Security ?

According to Michael Mihalik, the author of Debt is Slavery

Financial security is ...........

Being debt-free

Being in control of your expenses

Consistently increasing your savings/assets on a monthly basis

Not being forced to work at a job you dislike just to pay the bills

Also seems like recession-proof!

Do you have a set date in mind when you'll get to this point?

Why Do You Work?

Like many bloggers, I plan to retire from the (9-5) long before the expected age of 65. I hope to have a nice business that create enough net income to retire.

However, it dawned on me, why do people work in the first place. I came up with four categories:

Some people work just to maintain a lifestyle, their spouse may make enough to pay for the bills.

Some work to pay bills/debt and take cool vacations

Some work to save enough to start a business

Others perhaps work to keep their health insurance (it's cheaper), they may already make enough money outside of work to pay bills, however insurance is keeping them from retiring

I'm curious to know: why do you work? I know we all want the money, but do you have a time limit to quit?

I work to maintain my lifestyle, if I was to quit, I'm sure my husband income will be enough to pay all the household expenses, but we will not have extra funds to save and invest, besides, I do want a cushy life, plus I have a plan and I can get there faster if I stay employed for at least 10 more years.

Do you work in order to keep your bills paid and take vacations or do you have another agenda in mind?

What scares me is the downside of retiring early, paying for high insurance medical deductibles, paying out of pocket for life and disability insurance, HSAs, etc., becoming bored, not having my peers retiring with me.

It can be lonely at the top, you look around and you have no one to kick it with. You're retired and your friends are not. Being on different paths, you may have nothing to talk about. LOL

Too much free time can be dangerous, lol

Friday Quote

"Money can't buy happiness, but it can make a BIG down payment "

-Redd Foxx

Ah man, this has to be the best one so far! funny, but true.