My Dad came home from WWII and did some odd jobs. He was delivering something to a jewelry manufacturer down on Canal St. in Chinatown. They were making platinum engagement rings. He started talking to one of the jewelers and decided it was something that he thought he could do. They took him on as an apprentice. He was apprenticed in two other shops until he went to work making jewelry on his own. He spent 51 years in the business before he retired at 75. He did reasonably well. What is most important is that he genuinely loved his work. My Mom started taking college courses after work in the evenings at Queens college. She was working as a secretary for a chemical company in Long Island City. As she progressed through her accounting courses she got a promotion to be an internal auditor. She did that for a few years before taking a job with an overseas sneaker manufacturer. She traveled all over the world doing auditing for them. She then went to work for a sportswear manufacturer and became their head of operations after doing all the financial end for a few years. She was very successful and didn't retire until she was 79. Both of my parents families were immigrants who came over without anything. Definitely rags to comfort in one generation.
$99 for a FinCon virtual pass? $499 for FinCon-Pass? Yeah....the operative word here being "con".
This weekend was beautiful, really enjoyed it: Picked peaches again($5) Made stuffed zucchini with tomatoes from the garden($0) Cold packed a bunch of tomatoes ($0) Baked a vanilla cake ($0) Grilled marinated chicken ($0) Made burgers from ground chicken...came out better than I expected Rode the horse....went great...again. Priceless Used the last 8 of my $1/1 Tidy cats coupons to get 80 lbs of cat litter for about 60 cents. Laundry done and dried on the lines as the weather was perfect. Walked and picked up corn on the cob from the farm down the road($1) Picked gladiolus from my garden and made a nice arrangement for the dining room table. Cleaned out dill plants from pot on the deck. Food shopping ($25) About $31.60 I never make estimates....used to when I was young like you guys...but now...meh. :)
Just took at look at MindfulRiot....love it.
I've been doing most of the stuff that MMM talks about for the past 35 years.....but my friends didn't think it was cool ....just me being El Cheapo.
P.S. I'm a 56 former NY kid(born and raised in Queens) and love, love theBillFold. My Brooklynite DD tells me I'm a hipster wannabe....
Well done. I'm going to jump right in on this one. I would suggest that you funnel most of what you were using to service debt to your retirement accounts if they aren't maxed out already. $17500/year is the max for 401(k) contributions(not sure what the max is on your public sector retirement options), $5500/yr max for a Roth if you qualify. Continue to live the frugal lifestyle. I can read that you are familiar with MMM already. Don't be a candidate for face punching....repatriate those monies toward investment in you and your DH and the freedom of choice that will bring in future. Decide if you want to FIRE early. You have a golden opportunity here to weigh the extra stuff/drinks/trips/esoterics that you could purchase or your freedom. Of course it all has to be balanced with the here and now and enjoying life. But, I suspect that you've learned that the lack of purchase of stuff didn't necessarily equate to a life of deprivation. Give it some thought. Again, congratulations on beating the SL debt monster!
"There is something about the outside of a horse that is good for the inside of a man." Winston Churchill I concur from personal experience
PicNic, Aetataureate and anyone else...the point is to get started. Take a good close look at how your spending your money every month. Make a detailed budget. Start by saving a small amount. If you don't have access to retirement savings at work(401(k), 403(b)) you can open a Roth(I suspect that you're well below the income limit(single and earn between $107,001 and $122,000). Fidelity and Vanguard I believe will require about $2500 to open a Roth but if you start out with a Target Fund at Vanguard it would be $1000. Yes, it sounds like a lot but if you commit to putting a little away each wk/month you'll get there. It's better than not trying at all. :)
@bgprincipessa oy vay....vuh den?
Carly, hang in there kiddo. Your article really gave some good insight into someone living with a chronic illness. You seem to have made some good choices to aid in building a nest egg and preparing yourself for the down times. Kudos to you and prayers sent your way...all the best.