Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread
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 5069  
Subject: FI might not mean wealthy Date: 4/2/2005 4:21 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 16
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement