Or possibly a broke tale. I've said so many times before that we are frugal maybe even broke but there are times when I'm so grateful for my cheap streak.
Den's uncle has a very large lifestyle, very large. He has two homes and all the toys. And I mean all the toys from bikes to boats. He and his wife have been the topic of quite a few conversations in this house. Now don't get me wrong, they are great and very fun people. I wanted a life style like theirs for a long time. Well until I grew up and found my savior and salvation, Sparse. Oh there is salvation with Him but it is a hard and long journey. But I'm glad that I now walk hand in hand with Sparse.
Anywho, said Uncle is now unemployed and mortgaged to the hilt from my guess. He also falls into one of the scariest age groups out there(in my opinion) the late 40's to early 50's. You aren't close enough to retire. And how many companies want to pay the amount that someone in that group has come accustomed to? Especially when you could find cheaper and younger workers. On a side note, Den and I are trying to plan for that too. We are shooting for having the house paid for by then and maybe enough to retire on. It's just a rough plan but it is in place, it's just a long time off. The house will be paid for by then and with how we are contributing to his retirement it will be close, barring any catastrophe. And that isn't including the money that will be invested when we no longer have a house payment.
My neighbor directly across the street from me has just exhausted her unemployment but has over $10,000 in the bank to live off of. She said that it isn't pretty but she is scraping by. She managed to put that money away by saving her tax returns and being tight, as she put it.
This neighborhood is not on the high end of society by any means, we are the bottom feeders. But the good thing is we know hard times and that they pass.
I wouldn't want to be standing in either of their shoes to be completely honest. But I think that having been schooled in broke can be your saving grace. Sparse may save us all, if you listen.
Thanks for stopping over,