Well, after a week of up/down – but, mainly DOWN – blog time, we have our new site up and running! Please let me know what you think?!
Thanks for your patience … FINALLY, here is today’s post 🙂
Oh, if only we earned three times more than we do today …
… then we could tithe, save, and meet our financial goals. Life would be SO much easier 😉
Rick puts it simply:
Saving half your income is far easier if you make $180,000/year than if you are making $61,000/year.
I’m not so sure: there is a cruel financial joke; it goes something like this:
– earn $50k, spend $50k?
– earn $150k, spend $150k!
The good/bad habits are made when you ARE earning $61k per year … at least, in my experience. And, in Scott’s (who is an Ultra High Income doctor) experience, as well:
Even if we brought home a third of what we do now, we would simply have a smaller mortgage, lower taxes, lower resulting insurance and lower costs in several other areas and we would be saving a large percentage of our salaries as well. This is were delayed gratification comes into play
The reason WHY Scott can save half his income, is because he started off with low expectations, and kept them in check, even as his income grew and grew and grew:
I guess people think that i’m super frugal and living a little on the miserly side, since we are saving half of our net income per month. But, the thing is, we net 15-16k per month now. If I can’t find some kind of peace and enjoyment on half of that after growing up poor, then I have serious problems!
Peace and enjoyment is found in frugal living for some, and living ‘large’ for others; what matters most, I believe, is that you live within whatever means you decide to put together 🙂