View Single Post
  #54 (permalink)  
Old 01-21-2007, 02:09 PM
disneysteve's Avatar
disneysteve disneysteve is offline
$ Saving Professor
 
Join Date: Jun 2006
Location: New Jersey
Posts: 6,700
Points: 48301.30
Donate
Default Re: Why be frugal???

Quote:
Originally Posted by Ima saver
We have built houses for people with extremely high incomes and like someone said, our net worth is much higher than the people with the high paying jobs.
I do earn a relatively high income, but we don't live as if we do. We drive modest cars, both bought used. We shop at thrift shops and yard sales. We do a lot of our own cooking. Our only paid household help is a guy to mow the lawn (and that's it - no landscaping or fertilizing or anything else - just mow). We stay in low end accomodations when we travel. Etc.

Many of my colleagues who earn similar incomes "look" richer - drive a luxury car, take more exotic vacations, send their kids to private school, have a housekeeper, etc. I don't know for sure, but since we earn similar incomes, I can't help but assume that I've got a larger portfolio than them. We're perfectly happy the way we are. And I'm sure when retirement comes along, we'll be much happier with the lifestyle we will be able to afford (and the age at which I'll be able to retire).
__________________
Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
Reply With Quote