By Flea - Be A Survivor
Hell, I wish we had more, we all do. The sad fact is that people, even in these uncertain economic times, haven't fully learned the lesson they need to just yet. Sure personal savings has gone up but people just don't get it...I see stores packed with people buying all kinds of useless shit to fill up their McMansions with (those that haven't been kicked out on their rears that is).
My wife are I financially in a good place, thank the Lord, but we are because we save money religiously (wow two references to religion in one sentence, not bad).
Sure we have a boat and some luxuries but we saved money and paid CASH for them. If you took the two incomes my wife and I make and called them 100%, we put 30% of that right into retirement savings (doesn't have to be the stock market). So say for arguments sake (and easy math) we made $100,000 total as a couple per year, we are putting $30,000 away right off the top every year.
That doesn't include the emergency fund or the normal savings account into which we probably put another 30% of our income. This is the money we use to pay for new brakes on the car, buy our little boat, etc.
We put even more away after we pay the bills (of which there are few). We have the utilities which come in every month and the mortgage...that is it. How do we do this? We don't buy shit unless we can pay for it!
My wife decided to go back to school and get her MBA (Master's of Business Administration), no sweat we have the money to pay the tuition in savings. You can make decisions like that much easier when you take the financial uncertainty out of them.
The problem lies with people who maintain a lifestyle that keeps them on the brink. Sure your friend makes $120,000 a year but those two Mercedes, a huge house, designer clothes, eating out every night, 120" Plasma TV that massages you while whispering how good looking you are in your ear cost MONEY. So your friend who could be living a VERY NICE debt free life...chooses (YES CHOOSES) to live paycheck to paycheck. Then cries when Umbrella Corp lays him off and he has to figure out how to pay for all this shit on the 99 weeks of unemployment our dear leader has made sure we all get. In case you don't know max unemployment in SC is around $380 bucks a week.
People need to stop with the bullshit excuses and take responsibility for the fact that they can't balance a checkbook, make prudent financial decisions, or manage money to save their lives.
There is hope, there are several good books out there. Read them and learn how to get your life back under control. You'll be much happier and probably live longer as well.
Some books I recommend:
Debt-Proof Living: The Complete Guide to Living Financially Free (Debt-Proof Living (Paperback))
Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner
The Total Money Makeover: A Proven Plan for Financial Fitness
That is all...