How and Why to Make Yourself Poor

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“I invest a huge portion of my money so I never really have a bunch of cash just lying around. I used to joke with a girlfriend that I didn’t have money because I spent it on my mutual fund expense ratios… Right now, I save 85% of my income… I save 50% in my Roth 401(k), 10% into my Employee Stock Purchase Program, $5,500 annually in my Roth IRA, and the rest of what I don’t need to live off of in a taxable account. So essentially, I’ve severely restricted my money wasted possibilities.”

Check out the entire (hilarious) post here:

[Photo cred: Hakon Thingstad]

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Last modified: November 30, 2014

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