|Posted: October 8, 2006, 9:15 pm - IP Logged|
I can handle money very well because we never had it when I was growing up, it was just me and mom.
She worked minimum wage jobs, I worked in Jr. High, High School and College.
Momma preached to me from day one 'stay out of debt', and except for student loans, I have. I live every day as if I was
making $18,000 a year, and I made about 3x-4x that amount, but I still lived as cheap as I could, no telling when your job might disappear. I parlayed $60,000 in the stock market to almost a million, gave back 10%, then got out of the market. It's all in an IRA I can't have anyway, until I retire.
My job HAS disappeared - twice in four years, thank god we have no debt at all except for our mortgage, and I have saved enough that I don't need to worry for quite a long time, hopefully I will land another job soon, and get my wife off my back (she works).
It all comes back to priorities, how you were raised, what life has taught you.
I could very easily spend a few hundred dollars on lottery tickets every drawing, I limit myself to 10. I'm not so tight that I squeek, but I do have the philosophy that 'you can't take it with you', so I do indulge once in awhile.