All work and no play, makes Jack a dull boy.
So, the bills got to be paid. The church tithes and offerings. The
electric, rent, etc. But, that gets boring in a hurry. How much to
spend on fun? Does anyone have a formula? Percentage, or what?
Unless your church does actual real-world good works (funding mission
trips doesn't count) with the tithe, I'd start with redirecting that.
aem, trusting organized religion even less than organized government or
organized crime, sends...
That's a secular point of view. Now that I'm living the various
covenants, I find that God keeps His end. When I pay an honest tithe,
so many things work so much better. Reducing my tithe is false
Yabbut. How much money is reasonable to keep in a fast access, rainy day
fund? I could only really start enjoying myself knowing that if something
truly bad happened, I'd have some resources to deal with it. That makes the
calculation a bit messy.
They say you should have at least 3X the mortgage payment tucked away, but
trouble often hits much harder than that. I think 30X the mortgage payment
is probably where you can start to feel comfortable enough to plan a Disney
cruise with the kiddies. From what I've seen lately, people have 30X the
monthly mortgage payment in DEBTS, not savings!! I guess the advantage
there is that you can file for bankruptcy and make your fellow citizens eat
the losses in higher prices. )-:
Fortunately, US savings levels, which were at all time lows are starting to
creep back up as people realize how long they might have to fend for
themselves if the breadwinner gets fired and can't find a new job.
Amen, brother. I've been poor, as used to be traditional during and
shortly thereafter college. Didn't care for it, gonna try like hell
never to do it again. There were family financial dry spells growing up
as a kid, although we always had a roof and food. Several siblings have
been broke on and off over the years.
Net effect of all this is that I have turned into a bit of a cheap SOB
over the years. I'll never be rich (too much of a mouth to ever play the
corporate game successfully), but I have managed to hold on to a decent
paying job for 30 years. I have enough in the bank to pay the mortgage
for several years (small house, half of what they approved me for), as
well as buy food, plus enough seed money to start over elsewhere if I
had to, at a modest level. Never made a monthly car payment in my
life, and buy my toys off the trailing edge. There are people with
non-working spouses and rug rats that get by (and save regularly) on
less than I do, and I have great respect for that, but the 1/3 pay cut I
would take if I retire as soon as I am eligible scares me to death. If
I could find a job that I actually enjoyed that would make up part of
the difference, it would make the decision to go a lot easier.
You missed the line where I said I have 'too much of a mouth?' Running
your own business means dealing with the public, including the idiots. I
already have blood pressure problems. I'm also a soft touch- people who
are good at BS stories prey on people like me. Not saying running your
own business is bad, and I admire people who do. But with age comes
wisdom, and I have learned that my skills (such as they are) lie elsewhere.
Depend, too, on the business. I am a freelance writer and 99% of my
time is spent with myself. Most of the rest of the time, the
interactions with clients last maybe 10 minutes tops and I can usually
control myself for that amount of time.
Perfect job for surly SOB such as myself (grin).
I want to find a voracious, small-minded predator
and name it after the IRS.
Like me, you can fire customers. Some people are impossible to deal
with. I'm always polite when I say, "I'm sorry, I can't do business
with you anymore. Perhaps some other service company would be a much
better match for you." I've had some real ding dongs as customers
and when they open their mouths to me the wrong way, I'll bid them
farewell and I'm suddenly no longer available.
I've done that, but only less than a dozen in twenty years. Two were
used car dealers, one was a property manager guy. I told him of some
major security problems in his master key system, but he didn't want
to do anything about it. Probably a couple others.
Something I read years ago, and don't have the copy I read. A
business, someone sat down with the books. Found out the sales force
was practicing the 80/20 rule. 80% of the time courting 20% of the
income. They shifted the sales guys attention and sales went up.
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