No. of Recommendations: 3

Annual income has little relavence to financial security in reality! It is the <u>difference</u> between income and expenditures.

Although I have earned near $100,000 per year for the past 5 years, I have lived on less than $20,000 (after taxes) for most of that time. At another time in life, I earned under $15,000 per year and still managed to contribute $2,000 to my IRA during those lean years.

My financial security is based on the fact that I can control expenses to be less than my income.

Grace & Peace,
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.