Have you ever thought about how much it costs to just live? Your apartment or house, car payments, food, utilities, etc. ?
I have long thought that the only reason to even have a job is to just get by. After all isn’t JOB an acronym for Just Over Broke?
Car insurance 60$
Yup that about takes my monthly pay. I have become what I supposed to be. A drone. Aa cog in the machine. Just going through the motions of existence. This is what we are “trained” to do from a very young age. Go to school, go to university, get a job, be in debt.
Our parents, who of course are working in jobs that they hate and in are in debt, tell us to do this. Teachers sing the praises of university. Get a student loan, they say. You NEED a degree! What they don’t tell you is the jobless rate of recent graduates. And no one explains debt to high schoolers.
And all the while we are supposed to be happy and enjoy life(which we can do if we plan for it). Oh yes we are also expected to save for our retirement.
When I was younger there was a huge push from the financial planning industry for people to plan for retirement at age 55. And this was probably a realistic goal for some folks.. That age is nowhere to be found now. It is 60 is your are lucky. My own financial advisor keeps saying to me, “Now just look at how much more money you will have if you work until 65”.
65!! Wow. How lucky for me!
A repport came out last week here in Canada that 59% of retirees are more in debt now than when they were working. They took on huge debt just before retirement and they still are using credit cards and have lines of credit. Good grief.
I just don’t get it. It says to me that we are just not that bright as a species. How about curbing spending and paying off consumer debt BEFORE retirement? Not always easy I know.
I am now of the mind set that there has to be more to life than working and sleeping. A person could live on much less if they were to completely rethink the way they live.
A good start would be to look around and see if there is anything that can be sold or hell just given away.
What can be done to lower your monthly expenses?
Put every extra cent toward consumer debt to get it gone ASAP.
Yes it takes serious discipline to do this. The lure of marketers and advertisers is everywhere trying to tempt you to buy shit you do not need.
Is it possible to live for “free”? Or close to it? Could I live in An RV or motorhome? I think I could. People do it. We think of them as eccentric, but maybe they are the smart ones.
Your thoughts? Please comment.