Category Archives: Mindset and Motivation

Bare Minimum to Save for Retirement???

If you read the last post – you saw that $4.21 saved per day is probably the bare minimum needed to save for retirement.  This translates to $1,500 a year, over 40 years. Of course, we dare you to do better than that!

$4.21 is also roughly the amount paid on one Nerdbucks coffee per day: or a pack of smokes: or a couple less gallons of gas burned per week.  Everywhere I look I see costs that can be shaved to generate savings.

         The Early Retirement Saga intends to hit savings at every angle, with a few key savings on things you already spend money on, which you can divert towards a veritable cash mountain that will help buy your FREEDOM…

FORCED FUTURE LABOR

It’s time we talked about what “owning your own future means.” Let’s delve to the foundation, into our concept of work, time, and money. This close look might seem like a momentarily scary way to measure our situation, but only here do we grasp the fine tendrils of our financial predicament.  From there, wisdom follows.

If we do not own a house outright, have a savings account that amounts for your entire future of necessary costs – like food, shelter, transportation, energy, etcetera – then EVERY SINGLE DOLLAR we spend is not REALLY money “earned and owned.” That money is gone already. The money we spend today is money promised away that must still be earned through labor in the future…

Article #1- MASS SAVINGS ATTITUDE

Welcome to Early Retirement Saga  – It’s never a bad time to take a serious looks at money handling, money making, and issues of contending with Big Commerce. Most people are willing to accept that money has meaning, and that saving money is good, yet…

There are many different mindsets toward money…
One thing that can be repeatedly seen
is that managing money does not come naturally to everyone.

        Sure, there are rich people with HUGE incomes, some who are stretched so deeply into debt they look essentially penniless on paper.  There are also poor people with small incomes who save a lot, spend lightly, and their bank accounts grow beyond the accounts of a wealthy people.  If both this wealthy person and the poor person were to lose their job today – the poor person would still thrive, while the wealthy person might be at risk of going belly-up in bankruptcy court…