Troutsrunner
New member
Im tired of putting in the hours and not having anything to show for it. im just ranting so you can continue to scroll i just needed to say it. I cant even pay my bills half the time. Life sucks.
Workin for little living.
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KidVermicious
New member
My wife is out of work right now with the newborn in the house, and things are tight. We're paycheck to paycheck right now, and I hate paycheck to paycheck. I feel your pain.
Troutsrunner
New member
That's what happened to me, I have two kids in diapers and my wife lost her job a while back and hasn't been able to get another one.
I personally find that most people need to start with this advice:
http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
And this is his detailed timeline of how he got to that point:
http://www.mrmoneymustache.com/2011...e-saved-from-zero-to-retirement-in-ten-years/
http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
And this is his detailed timeline of how he got to that point:
http://www.mrmoneymustache.com/2011...e-saved-from-zero-to-retirement-in-ten-years/
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LittleCaesar
New member
The OP lives in the Lowcountry of SC, where housing prices as well as prices for cars and commodities are quite high (but nowhere as bad as here in DC). In the rest of the state one's George Washingtons have much more purchasing power.
Go work at Boeing. My old boss is in the paint shop there, bringing home about $70,000 yearly with overtime as of last year.
Go work at Boeing. My old boss is in the paint shop there, bringing home about $70,000 yearly with overtime as of last year.
Troutsrunner
New member
Yeah living here is not cheap and the only bad thing with trying to work with Boeing is that everyone and their mother is trying to work at Boeing.
Once you break out of the rat race, lower your spending to start saving hugely, and do a bit of math and realize that owning a house is actually slightly profitable in general (I've got a very complex spreadsheet to get me this result) you realize you're better off in an area which pays more, even if housing costs more.
Technically at this point, my house that I've owned for 4 years has paid me money in appreciation on the order of $6k a month, while my mortgage is a measly tiny fraction of that amount. But in general without property bubbles, your house ends up being basically free to live in when everything is factored in, including appreciation, mortgage, maintenance, taxes, and tax writeoffs.
My personal index fund investments due to my increased saving due to lowering spending have turned huge profits over the past 5 years, in general around 20% a year as the economy recovered from the dip in 2008. That's a doubling of money every 3.8 years. That's free money that required me to do 0 work. Build that up enough and you can basically retire as mrmoneymustache did.
Honestly that's how you break out of the month to month rat race, and that's why I sent that article I posted in my previous post. It works.
Troutsrunner
New member
Thanks for posting and I actually used to read mrmoneymustache but never really took any of what he said serious until my wife lost her job. We've cut everything out we could, no cable, down to one vehicle, somehow I got to keep my 4runner, and eating out isn't even an option anymore. Hopefully soon things will pick up. I just needed to rant cause who can you talk too if you can't talk to strangers on the internet lol.
zopperman
Moderator
amen
hearno
Senior Member
Interesting so far and I was good with it all up until he said this: "Assignment: Watch a few of the great documentaries like Fast Food Nation and Food Inc., and An Inconvenient Truth.. then you might build up the appropriate level of guilty awareness to take the innocence out of shopping."
Paisano
New member
Thoughts and prayers to OP and KidVermicious, very tough situations to be in.
drewm, thanks for posting the Mr. Money Mustache links, I had never seen that before and agree with almost all that stuff.
This rat race/hamster wheel/American dream (farce)/keeping up w/ the Joneses is ridiculous - but it's what my wife wants. She won't get on board w/ the frugality/practicality/spend less than you make, etc. I don't think I'm the only one w/ that predicament, but that situation sucks too.
drewm, thanks for posting the Mr. Money Mustache links, I had never seen that before and agree with almost all that stuff.
This rat race/hamster wheel/American dream (farce)/keeping up w/ the Joneses is ridiculous - but it's what my wife wants. She won't get on board w/ the frugality/practicality/spend less than you make, etc. I don't think I'm the only one w/ that predicament, but that situation sucks too.
Troutsrunner
New member
Even when I didn't have to think about choosing which bill to pay life was rough sometimes but having no money and living pay check to pay check really puts things in perspective like what's important and what's not. When my family and I get back up on our feet I will definitely be handling my money better. Life is what you make it and it really only stresses me out when I need something for my daughters and can't get it or when I get a pile of bills and wonder how long I have till they cut out the lights. Its just an added stress that I never wanted to deal with and that I thought I would never deal with but shit happens and we learn from it. I just wish I wasn't learning the hard way.
He's just wanting you to see how "evil" corporations are in terms of making the greatest amount of profit out of you by giving you a product that is very substandard. That happens in nearly every industry. That's why nearly everything made today comes out of china or some 3rd world country. Very few companies are making products for the good of the people.
Personally after being on the investment side of things for a while, you kinda start to realize that companies just see you as a sucker willing to live month to month spending all your money so they can pile billions of dollars (In Apple's case $160 billion dollars) onto their cash heap while continuing to convince you to buy products that easily have a 350% profit margin.
Being smart with your money puts the power back into your hands.
Troutsrunner
New member
Sure its no problem, I'm 22. Life hit me young and life hit me hard.
hearno
Senior Member
Couldn't agree more. Lately, my financial future has been my top priority and scrutinizing every purchase has become a part of daily life.
hearno
Senior Member
You're young enough you should be able to recover and learn a lesson that took me 10 years longer than you to learn. I hope things work out for you. I'm not religious but I do believe in a "master plan" thing and maybe this will be the eye opener I wish I had gotten when I was your age. I was adding up the money I've made since I turned 18 (approximations) and what I've actually got now and I'm absolutely ashamed. I hate having to admit to myself that I've made mistake after mistake but my goal for 2014 was to get to the start of a path in the right direction and 9 months in, I think I've achieved that goal. I definitely should have listened to people when I was your age.
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Troutsrunner
New member
Thanks and it should I just needed to let loose today. Me and my wife have always been a we have money and let's spend it on nice things kind of people. Now out priorities have changed especially with two babies now. Life will work out I've just got to be smarter about the things I usually took for granted.
The USA is still a land of opportunity. There's a reason millions of people risk coming here illegally, looking for a better life. That being said; something worth having rarely comes easily.
My best advice is determine what it is you like doing, how you can make a living doing whatever that is, and then work towards that goal.
Money concerns are one thing. Something far more valuable is your health. Life can really suck if you have health problems.
My best advice is determine what it is you like doing, how you can make a living doing whatever that is, and then work towards that goal.
Money concerns are one thing. Something far more valuable is your health. Life can really suck if you have health problems.
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