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Has any MT'er ever said: "Today, I have enough money."

Posted on 10/5/22 at 2:07 pm
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 10/5/22 at 2:07 pm
What was the context?

What did you do next, in terms of future investments, spending habits, lifestyle changes, big purchases, etc.?

Posted by StringedInstruments
Member since Oct 2013
18465 posts
Posted on 10/5/22 at 2:32 pm to
Depends on what you mean.

Enough to FIRE? Not me. I’m sure some have gotten to that point.

But my wife and I had “enough” money about two years ago. No car payments, emergency savings, extra towards retirement, and room to spend on extraneous things like clothes, dates, and vacations. Nothing luxurious or brag-worthy. But freedom is a word I’d use.

What I did next was a mistake. I should have been more conservative about potential long term emergencies. I defined emergency as “need a few thousand to handle something in the house.” I did not plan for buying two cars in an inflated used car environment. I did not plan for nearly everything in my budget to increase outside of my control.

Now, we’re not drowning, but the past year or so has been tough. I wish I had planned for something like this. Hindsight and all. But it would have been nice to have more for my vehicles instead of the $700/month I’m now paying for two vehicles.
Posted by texn
Pronouns: Y'All/Y'All's
Member since Nov 2019
3515 posts
Posted on 10/5/22 at 3:00 pm to
Doesn't matter...everyone here is trying to get to "F You Money" level
Posted by Willie Stroker
Member since Sep 2008
12974 posts
Posted on 10/5/22 at 3:18 pm to
quote:

Has any MT'er ever said: "Today, I have enough money." by Turf Taint

Why would anyone say that?

Just as in assessing our physical or emotional health, no one should say, “I am healthy enough.”

We should also not say we are financially healthy enough. If we’re good at earning money and growing wealth, the question becomes what should we do with it?
This post was edited on 10/5/22 at 3:20 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72993 posts
Posted on 10/5/22 at 4:08 pm to
quote:

Has any MT'er ever said: "Today, I have enough money."



Posted by el Gaucho
He/They
Member since Dec 2010
53119 posts
Posted on 10/5/22 at 4:24 pm to
No

You gotta keep working til you die because the government will always find a way to screw you and make you start over

Posted by AndyJ
Member since Jul 2008
2763 posts
Posted on 10/5/22 at 4:39 pm to
I hope I do that. My wife and I (early 40s) are both physicians and we own a few short term rentals that we use for fun in vacation areas (they make a little money, but mostly goes back into updating the homes). We have 14 years to go on our house, 12 on a whole life insurance policy, and our youngest will be 21 in 15 years. We max out on retirement contributions. We work hard and want to keep improving our house. We probably have $75k in improvements we would like to make, and we will probably need a new roof within 5 years.

We don’t have tons of extra money (no brokerage account), and we take decent (not luxurious) vacations. Neither of us can cut back on work and still continue with our plans. I am nervous that in 15 years I will still feel the need to continue to make money and not dial it back - but to your point, at that point in my life, I should say “enough.” But I’m not sure I’ll have the strength to relax
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119475 posts
Posted on 10/5/22 at 4:57 pm to
I was on track to retire in 2 years until people elected a group of idiots to run the country.
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59608 posts
Posted on 10/5/22 at 5:34 pm to
Today, I have enough money....

to make it until tomorrow. I'm good.
Posted by TigerGrad2011
Member since Aug 2016
1578 posts
Posted on 10/5/22 at 5:56 pm to
I’ll let you know when I get there. I don’t know what that number is or if I’ll get it, but there will be a point where I will define enough.
Posted by Intelligent
Member since Jun 2017
672 posts
Posted on 10/5/22 at 10:24 pm to
I always have enough money for today's wants and needs. It's tomorrow's wants and needs that drive me crazy.
Posted by zzgobucky
Madison
Member since Sep 2016
1741 posts
Posted on 10/5/22 at 10:27 pm to
Ancient Tiger did a couple of years ago. Just the other day I saw him bagging groceries
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
6621 posts
Posted on 10/6/22 at 12:16 am to
WikiTiger
Posted by stelly1025
Lafayette
Member since May 2012
8539 posts
Posted on 10/6/22 at 2:44 pm to
Posted by Drizzt
Cimmeria
Member since Aug 2013
12943 posts
Posted on 10/7/22 at 12:15 am to
I used to think I’d work forever just to feel productive. Now I’m 13 years from a full pension prior to 60 and will have 2.5 million at least by then in savings…..I’m thinking I’ll probably be good to say it’s enough.
Posted by Asharad
Tiamat
Member since Dec 2010
5718 posts
Posted on 10/7/22 at 5:34 am to
quote:

"Today, I have enough money."
Yes, except for retirement, but I'm on track to retire in 8 years at 58
Posted by llfshoals
Member since Nov 2010
15529 posts
Posted on 10/7/22 at 11:46 pm to
Yep.

But I’m old, my wife is retired. I got my real estate license (and broker’s) so I work as much as I want to keep busy.

I’ll probably quit even that in a year or two and hang out on the golf course, the pool or the hot tub full time depending on the weather.

It took a while, and losing a lot of money once upon a time to learn when to quit chasing more.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30607 posts
Posted on 10/8/22 at 2:10 pm to
I like the pace I’m on but long way to go. Gotta stay hungry and focused
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