Friday, September 12, 2014
People, people--going broke on $200,000?
You can still live beyond your means at six figures--no problem. One gal had a private chef, housekeeper, designer clothes, lavish trips on $200,000 and got $300,000 into her cards. Didn't see that one coming, apparently.
Eventually she cut back, cooked for herself, moved to a cheaper place, and haunted thrift stores.
She got that $300,000 down to $40,000 and is still working on it.
Better to face facts, save for retirement, own and live in one house. This does not mean suffer--it can be a nice house.
Take action well before losing a job or retirement.
That means now.
I have had my issues with money, believe me. But money is a fact of life and we have to face it down.