Anonymous wrote:

Anonymous wrote:All of our needs are taken care of for now, don't have many wants, don't have any debt. After a while saving becomes a habit.

One that's hard to break.

When we were young we spent like crazy, wanted everything and stayed broke. Now that we're older we hardly spend money, have everything we need and always have money.

Life is strange.

$20 used to burn a hole in my pocket. Now I can hold onto that $20 forever.

Really? Don't you find that,as an adult, there are so many bills to pay? Do ou have children?
That's good though, do you have an amount that you won't go over (spending) each month?
How do you budget for the large bills such as car insurance for example?

Different poster, but we budget all our bills. Don't you? We pay car insurance twice a year. It's about $1330 a year. We budget 1/12 of that amount each month. But the true secret is that we have no debt, not even a mortgage. We're in our late 40s.

Anonymous wrote:
Really? Don't you find that,as an adult, there are so many bills to pay? Do ou have children?
That's good though, do you have an amount that you won't go over (spending) each month?
How do you budget for the large bills such as car insurance for example?

I'm not PP, but I have a monthly budget that is based on what I historically spent every month. That budget includes automatic savings of about 20% of my take-home pay, and also leaves enough room (about $900 every month) so that I don't have to worry about minor deviations in my expenditures and can cover miscellaneous expenses, such as car insurance, dental work, or tennis classes for my son, without dipping into savings. Larger expenses, such as kitchen remodel or new car purchase would come out of the savings.

Anonymous wrote:All of our needs are taken care of for now, don't have many wants, don't have any debt. After a while saving becomes a habit.

One that's hard to break.

When we were young we spent like crazy, wanted everything and stayed broke. Now that we're older we hardly spend money, have everything we need and always have money.

Life is strange.

$20 used to burn a hole in my pocket. Now I can hold onto that $20 forever.

Really? Don't you find that,as an adult, there are so many bills to pay? Do ou have children?
That's good though, do you have an amount that you won't go over (spending) each month?
How do you budget for the large bills such as car insurance for example?

All of our needs are taken care of for now, don't have many wants, don't have any debt. After a while saving becomes a habit.

One that's hard to break.

When we were young we spent like crazy, wanted everything and stayed broke. Now that we're older we hardly spend money, have everything we need and always have money.

Life is strange.

$20 used to burn a hole in my pocket. Now I can hold onto that $20 forever.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I save money because I want it to work for me, rather than the other way around.

+1 you betcha.

Took 13 years to make the first million, 6 years to make the second million and just about 4 to hit the $3 million net worth mark. Try it, you'll like it more than any fancy trips, cars or other material items.

We are on a similar trajectory and it really is amazing to see how quickly things grow after that first million. Of course, we've been helped enormously by the fact that we hit $1M in 2010 and have enjoyed several years of fantastic returns, but still.

Where do you keep that million-plus?

Mine is invested in a mix of retirement and taxable funds (about half each). I keep about 5% in cash.