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Old 08-16-2010, 01:48 PM   #1
Cadaverous Pallor
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While we all may know some highly misguided person who actually thinks money = happiness, I don't think we know anyone who would be surprised to hear the overly abused phrase "my friends and family make me a very rich person." I have to restrain myself from putting a "duh" afterward. Yes, George Bailey is the richest guy in town, we know, we know.

Regarding living on one vs. two incomes, it's something that I believe a lot more people are doing these days, due to the lack of jobs and the high cost of child care. My perspective is different because I've just met a bunch of women who decided to stay home with the children while the husband works. I'm sure the pay that the husbands get varies widely but it seems everyone says the same thing - they never thought it was possible to get by on one income and have multiple children and a mortgage, yet here they are doing it. I know it can be hard to imagine cutting a huge chunk out of entertainment expenses but it's all about priorities.

I hope this doesn't come across as contrary, I don't mean it that way. It's just that it's a common theme among those that chose to stay home with the baby.
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Old 08-16-2010, 02:02 PM   #2
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I'm not.
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Old 08-16-2010, 02:19 PM   #3
LSPoorEeyorick
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Originally Posted by Cadaverous Pallor View Post
I know it can be hard to imagine cutting a huge chunk out of entertainment expenses but it's all about priorities.
We don't actually spend a lot on entertainment. I am glad you guys can afford a family on one income. We really can't. We're on one income right now and we're not able to save anywhere near as much as we'd need to be spending on a child.
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Old 08-16-2010, 02:27 PM   #4
innerSpaceman
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Old 08-16-2010, 02:30 PM   #5
katiesue
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Some of the Stay at Home Mom's that I know view it as their "job" to make the income stretch as far as possible. Bargain hunting, price comparisons, coupons etc. Any way to make the dollar go further.

I know myself there are a number of things I could cut from my budget (anyone want to buy a pony?) should I need to. But I live within my means with no debt other than a mortgage and I put some aside for savings so I don't sweat it.

As Jen said it's all about choices and what works for you, and your family if you have one.

Through my various jobs over the years I've come in direct contact with a number of very rich people. And they seem to have just as many problems as everyone else. And I don't perceive them as any more or less happy than anyone else I come in contact with.

And there are also a large number of people who are on paper quite wealthy but choose to live in a smaller home, drive older cars, bargain shop for groceries. Rich doesn't necessarily mean a huge house with lots of material possessions. I used to hate having to shop for a previous boss in Beverly Hills because some of the clerks are as snooty as you'd imagine. I'd be sent with orders to say "buy a vase, spend $1000". Now that's a 5 minute transaction for the one un-snooty person who'd actually help me. You can't tell by the way someone looks or how they drive what kind of money they'll spend in your store.
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Old 08-16-2010, 03:03 PM   #6
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My life would be significantly easier if I had another 'corporate career' income in my life.
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Old 08-16-2010, 03:16 PM   #7
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I wish my 401K wasn't such a POS. I will probably be working until I die.
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Old 08-19-2010, 10:50 AM   #8
Capt Jack
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Quote:
Originally Posted by Stan4dSteph View Post
I will probably be working until I die.

I thought that was the general plan for most of mankind.

I dont consider myself 'rich' in any sense. I am however comfortable, which to me means while I surely would want 'more', said 'more' wouldnt likely be put to things to keep me alive, clothed, housed or fed. Merely extras.

As far as others, since Ive been working on payroll systems for 30 years now, Ive had to learn to not concern myself with comparative thought for incomes and the like. Ive seen so many downright obscene amounts paid to folks, that whenever Id start 'I make .00n% in a year of this guys monthly draw....)(@#&$(*@&#$ ', I'd end up dissatisfied with my lot. Pointless and self demeaning.

So....for me, the rule is now
rich schmich. I'm good to go
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Old 08-19-2010, 03:23 PM   #9
MouseWife
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One thing, I did tell the Hubster no more kids unless he wanted to have to become a Wal-Mart greeter in his old age. He can't do his job forever {the building will close eventually}.

Capt. Jack, yep, that kind of is mind blowing. Rick has had access to certain payroll lists and it was mind boggling. But, you can't think about it. Knowing it doesn't do you any good.
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Old 08-19-2010, 03:36 PM   #10
Gemini Cricket
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I'm rich.

I have many good friends and my family and I have achieved a sort of stasis that is not stressful on me.

I'm doing theatre (it's a love of mine but I'm also doing volunteer work for a good cause).

I work at a job where I'm helping people work through mental illnesses.

I have $20 in my bank account but I'm ok. I'm paying my bills.

I'm not rich in the love of someone I want to spent the rest of my life with but even that's okay with me right now.
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