It is all about the long term. ONe of my few regrets is that I did not hear of him sooner.
My wife is fairly confident that we will be millionaires by the time we retire. I consider her assumptions optimistic. But as time goes on the complex of what ifs required to go balls up to destroy us, become increasingly unlikely.
Sure, No problem. Just increase your income. It's easy cause Ramsey said it was. Why didn't any one else think of that?
Not always his answer. More about once you get to a certain level, not to increase your standard of living to match.
I recall my first promotion. My co-worker of the time told me that, "maybe now you can get a real car".
I wanted to punch him in the face. The closest thing I had ever had to a "break" and you want me to immediately increase my expenses, instead of trying to get ahead?
I still drive used. I had a car payment ONCE, when I was making too much money and got lazy and impatient. It was a mistake.
About half of my friends make more money than me. But only one of them, is in better financial shape. Maybe.
Good for you, there are far too few Americans who have that mindset.
My background, and the first half of my life, was tough financially.
My parents were old school, hard working, blue collar. They lived pay check to pay check, not because they were trying to keep up with the jones, but because they did not make a lot of money.
THey did have a windfall later in life. But their idea of investing, well...not good. Easy money, is not the answer.
I learned, the normal way. Though pain. A lot of pain.
you know, I haven't really talked to anyone about that for a long time. I would like to, once this is over, to do so, over a picture of beer, do some wallowing in old bitterness....
But, who would I talk to that would not see it, now, as over the top bragging? Mmm, I will give it some thought.