Read? Can you put a $ value FOR a good night's sleep???
Actual vs. Relative?
Sometime, presenting statistical data in its relative form provides us better understanding of what we are trying to achieve with the tracking data.
When Uncle8888 changed his family living expenses tracking chart from actual to relative form, he realized that his family has been spending anything from $X to $4.2X
Yes. His Minimum Sum is $X; but it is definitely not sustainable. Looking at the chart; it only happened once.
Similarly, did those few years of extreme over-spending actually killed his dream of reaching financial independence @ 55?
No. It didn't kill his dream!
However, it might has actually delayed his time of arrival at the edge of financial independence.
Some food for thought on the road to financial independence ..
- I took very long!
So long .....................................
:-(
Started as low income earner. Bo pian!
Started working with A level.
A level is the 2nd lowest job grade in my company. The lowest is O level job grade e.g. clerical and admin support roles
Later added on even more financial stress as single household income with three kids and I also have to invest on human asset to upgrade to diploma and degree.
When we are conscious about it, we can make it.
Bit by bit. We will reach there.
At least here, I have shown that it NOT impossible!
Starting low is NOT an end.
So what is life for?
Save more. Spend less?
"We don't live to eat and make money. We eat and make money to be able to enjoy life. That is what life means, and that is what life is for." - Ol' Mallory
Is sustainable spending a better option for most of us to live our remaining days on Earth?
The challenge is to build up a portfolio that can earn passive income of $60k annually. Not even sure how long that'd take me.