I've been asking myself: "how much is enough?"
Thinking about sports stars seeking additional income abroad... Saudi/golfers, Russia/basketball players. What are they thinking? Is it greed? Are they ass up in debt? Do they really NEED the money?
It's not my business how much people earn or how they spend it (or gamble it away), we are each responsible for ourselves. Actions have consequences.
I am responsible for myself. There is NO backup anywhere. I sink or swim by my own efforts. When I bought my condo in 2009, I knew a mortgage was out of the question. I needed to find a place I could afford for CASH. And I did.
Buying my Ford Fiesta in 2013, car loan NOT an option. Pay CASH. And I did.
Now I think about my future. The great unknown. I have health insurance up the wazoo: Medicare A&B, AARP Plan F supplemental and Plan D drugs, Masa for off-island transport if needed. Knock on, I'm healthy! So far, so good. I have separate savings, to which I add every month. That is my "not to be touched unless absolutely necessary" emergency fund. Is it enough? I have additional savings - cookie jar, secret santa - to which I also add on a monthly basis. Are they enough? I have assets. Are they enough? How much IS enough? My budget is 49% savings, 51% spending. Is it enough?
The answer is simple: you make do with what you have.
Penny Pincher
