Comments on: Don’t Get Used to the Good Life http://thefinancebuff.com/dont-get-used-to-the-good-life.html like a friend telling you about money ... Wed, 23 May 2012 21:42:04 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: miep http://thefinancebuff.com/dont-get-used-to-the-good-life.html#comment-4047 miep Tue, 18 May 2010 14:19:47 +0000 http://thefinancebuff.com/2010/05/dont-get-used-to-the-good-life.html#comment-4047 Dont lecture the Greek without a clue. Those people have every right and reason to protest. They never had a "good life". The people with the good life dont protest, they move their money to Cyprus, which is a move ahead, because the last time they didnt want to pay taxes, they started a military dictatorship. Dont lecture the Greek without a clue. Those people have every right and reason to protest. They never had a “good life”. The people with the good life dont protest, they move their money to Cyprus, which is a move ahead, because the last time they didnt want to pay taxes, they started a military dictatorship.

]]> By: J http://thefinancebuff.com/dont-get-used-to-the-good-life.html#comment-4044 J Mon, 17 May 2010 19:08:32 +0000 http://thefinancebuff.com/2010/05/dont-get-used-to-the-good-life.html#comment-4044 I do not regret my career choice, but I move from project to project and company to company. In the past ten years I've worked at eleven different companies and had at least five freelance clients, with several stretches without work inbetween. Health and retirement benefits are rare. This year is the first that I've had access to a 401(k). My career has been generous to me recently, but I've never been able to shake the sense of uncertainty I picked up early in my career. At any moment, I know the rug can get pulled out from under us. My emergency fund never drops below seven months' living expenses, and my spouse and I have at least twice that amount in liquid savings. Although we both work, we can survive on one income and still save for retirement. One income is good enough for the "good life." We are not typical of our field, however. My spouse and I are "lucky" in that we do not have children and/or house payments. Several of our co-workers in this field have children to support, and too many live paycheck to paycheck, without health insurance or retirement savings. I do not regret my career choice, but I move from project to project and company to company. In the past ten years I’ve worked at eleven different companies and had at least five freelance clients, with several stretches without work inbetween. Health and retirement benefits are rare. This year is the first that I’ve had access to a 401(k).

My career has been generous to me recently, but I’ve never been able to shake the sense of uncertainty I picked up early in my career. At any moment, I know the rug can get pulled out from under us. My emergency fund never drops below seven months’ living expenses, and my spouse and I have at least twice that amount in liquid savings. Although we both work, we can survive on one income and still save for retirement. One income is good enough for the “good life.”

We are not typical of our field, however. My spouse and I are “lucky” in that we do not have children and/or house payments. Several of our co-workers in this field have children to support, and too many live paycheck to paycheck, without health insurance or retirement savings.

]]> By: MoneyObedience http://thefinancebuff.com/dont-get-used-to-the-good-life.html#comment-4042 MoneyObedience Mon, 17 May 2010 16:15:30 +0000 http://thefinancebuff.com/2010/05/dont-get-used-to-the-good-life.html#comment-4042 This is very good advice. But it is so easy to get used to the good life. It is very hard to step lower and adjust to a lower living standard for most people. And think about people leading the "good life" even if they cannot afford it. This is very good advice. But it is so easy to get used to the good life. It is very hard to step lower and adjust to a lower living standard for most people. And think about people leading the “good life” even if they cannot afford it.

]]> By: Lorne M. http://thefinancebuff.com/dont-get-used-to-the-good-life.html#comment-4040 Lorne M. Mon, 17 May 2010 13:59:16 +0000 http://thefinancebuff.com/2010/05/dont-get-used-to-the-good-life.html#comment-4040 Well, the idea of the 'Good Life' quickly fades away in the moment when you realize all of it is coming from a single on source - your job. Some of us have excellent education and large experience in a prospective field without unemployment worries, but most of people don't. However, it seems we have no problem to take on huge mortgage (interest only if possible), two cars and five credit cards whenever we have the chance. It may be even said that good times bring the bad times (boom and bust?). Well, the idea of the ‘Good Life’ quickly fades away in the moment when you realize all of it is coming from a single on source – your job. Some of us have excellent education and large experience in a prospective field without unemployment worries, but most of people don’t. However, it seems we have no problem to take on huge mortgage (interest only if possible), two cars and five credit cards whenever we have the chance. It may be even said that good times bring the bad times (boom and bust?).

]]> By: KD http://thefinancebuff.com/dont-get-used-to-the-good-life.html#comment-4039 KD Mon, 17 May 2010 13:17:33 +0000 http://thefinancebuff.com/2010/05/dont-get-used-to-the-good-life.html#comment-4039 I really liked this post! I really liked this post!

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