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Author: foolkath Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5084  
Subject: FI might not mean wealthy Date: 4/2/2005 4:21 PM
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Financial Independence does not always mean that you are extremely wealthy.

Now that I do not work all crazy hrs, I get to go out with friends more. I have noticed that they have things I do not have. I notice they spend money on things I do not.

I never really noticed before. I was just working hard and saving. Ok, I did notice that I brought lunch instead of having delivery.

And I did not go to 100.00 concerts. I did not eat out on a regular basis. But I did travel. I thought I had a great house and nice clothes.

But now I see what my frieds spend on clothing. Now I see how they are always buying "better" for their houses. And their cars: My one friend leases 2 hondas 2004's. My other has a new lexes. My other friend has a Bmw convertable. Their refrigerators have those fancy icemakers on the outside. What beautiful rugs they have. I must admit. Sometimes I wonder if they thing I am living in poverty. Before I observed them, I felt rich. I have two cars: One is a 1995 with 155,000 miles, another is a 1996 with 170,000 miles. But my savings is allowing me to buy a car every 10 yrs without taking a car loan.

I guess if I wanted all those other things I would not be financially independant. Actually, for my friends, my net worth would not mean FI for them.
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