Hello Rock Star Finance Readers! If you’re new to this site, you may want to check out my manifesto to see what this is all about.
Thank you J$ for featuring me. Being mentioned on Rock Star Finance NEVER gets old.
Where do you fit in? (PS: This is what happens when my graphic designer goes on vacation)
Last week, I asked you about your relationship with money. I greatly enjoyed your incredible stories and insights. Here are some of my favorites comments:
Blogger Leigh, who has engineered a perfect financial life, had this pretty great comment:
My relationship with money is that who has the money can control you, whether it be our parents, your significant other, your employer, or your mortgage company. So my goal is to rely on none of those entities/people and the closer I get to never needing to, the lower stress my relationship with money is.
I wish I had an uncle like Mike Hardy growing up:
I’m starting a bunch of real-time experiments with my nieces and nephews and cousins (if they’re young enough). I’m buying them lunch on the condition they have to listen to me :-). Then I’m taking them through the money = life-force bit from “Your Money or Your Life”, working them through the actual calculation of their hourly wage and how much time it takes them to earn a single dollar (so they know how much life they’re spending with each one).
Reader Stephanie is one of the very rare unicorns; she grew up rich and maintains frugal habits. Way to go Stephanie!
I’d like to introduce myself as the unicorn #4. I grew up distinctly upper middle class and I’m probably one of the most frugal people any of my friends know. My parents were frugal growing up but now they have loosened the reins substantially. My husband is a #1 through and through. It’s taken consistent work to move him closer to #3 but he’s getting there . . . I think when frugality is forced and not a choice it’s harder to embrace as an adult.
Reader Meri had parents that used money the wrong way:
I had relatively well-off parents who spent a lot of money, but the twist in our family was how they used money with me – it was used in an attempt to control me from my early teen years on. When I was being good, wow, carte blanche shopping trips at Dayton’s (I’m from the Midwest, this was our rural area’s version of Neiman Marcus); when I was bad, nothing – no school clothes (not even underwear), no toiletries, no shoes, no snow boots, no gloves, absolutely nothing.
I LOVE what Reader Markola had to say, especially in the last sentence here. So true and important:
I think both our experiences indicate that unearned windfalls are mostly likely to be blown unless they are locked up in some irrevocable trust where the beneficiaries get only the interest. FOREVER. Money is not good or bad, but it is a magnifier of a given person’s qualities.
Finally, plenty of you encouraged me to quit:
Mike Hardy again:
Hey, this reminds me, since I show up in your comments and poke at you periodically to basically just retire already because holy cow, does it not suck…
Kyle from Kythesis:
November, I don’t want to hear no panzy 4 day work week, go 3 days or less. I’ll have to wait about 5 years before I’m comfortable dropping to a 4 day work week.
And, we finish up with Reader Alex:
Rather than answer your question. I’d like to address your statement:
“The conclusion I’ve come to is that when the time comes, I’ll have to kick my own ass off the precipice. This may be difficult since I’m not flexible.”
I’m a few years behind you, and I can’t wait until the day comes when I know I have enough to quit. So here’s what I have to say..
DO IT. Do it today. Seriously do it. You have said you are waiting a bit longer to get enough to cover your mortgage I think, but from your description, you don’t NEED to. SO DO IT. It’s not like you won’t do some things that make you money in the future, or can’t go back if you really need to. Why waste another day?
Eight Days of my Life
Since you all shared so much about yourselves, I figured I’d share some of the serendipitous days that changed my life. Continue reading