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Money and Finances
Reply to "I make good money but am now constantly worried about losing it"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would say just have fun now and don't worry so much about the future![/quote] And then look around at age 50 and start to panic that you haven't built wealth[/quote] Right! There is a happy medium. In our 20s, we were happy to not be poor, like we both were growing up. So most things were an upgrade from our previous lives. We made great $$$, chose to actively pay off $80K in students loans (this was 30+ years ago, so a lot for 2 of us), and save for a home. Bought a home we could afford on one salary (our salaries were similar), and saved the rest for retirement and building a 12 month emergency fund. Sure we took "vacations" but other than our honeymoon, it was "drive somewhere within 4-5 hours and spend 5-6 days", it wasn't fly and stay in luxury places. Drove our first cars for 8-10 years, and that allowed us to pay cash at age 32 for a "brand new luxury vehicle", and we never financed a car after that. Because we keep them for at least 7-8 years as well. If you save intensively in your 20s/early 30s, the rest of your life will be so much easier. Don't regret that for a minute. Now we can do what we want, when we want basically [/quote]
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