The other night while watching “National Lampoon’s Christmas Vacation” I noticed Clark Griswold overspends quite a bit due to unexpected expenses. And I got an idea. An awful idea. A wonderful, awful idea. Being a movie/personal finance nerd I decided to keep a list of all the unforeseen costs.
And, one of the comments that I get a lot goes something like this: “If I made $250,000 a year, I’d be retired too!” – almost like it’s automatic. But, here’s the thing: You probably wouldn’t. I mean, you could. But, large salaries also come with a deceiving belief that you’re “rich”, and when you’re “rich”, you can afford to upgrade your lifestyle. To spend a little more on nicer things. If you aren’t careful, it quickly spirals out of control.
Moving back home isn’t something you should take lightly, embarrassment aside. Your parents thought you would be gone for good, and they’ve probably gotten used to living their best life. Did your Mom turn your bedroom into a sewing room?
Assets, for the most part, are invisible….while liabilities are loud, obnoxious and take up a lot of space. Think about it….The huge, off-white Mercedes G Wagon Truck….Liability. It’s large shiny, and quite impressive to look at. However, the title of ownership, that allows the bank to fleece Mr. Jones at 8-9% each monthly payment, because Mr. Jones has poor credit, is invisible.
The days and weeks leading up to Christmas is the most stressful and hectic time of my year. I work in retail so I am immersed in the endless commercialization of Christmas – buy, buy, buy … did you forget anything, anybody? Buy, buy, buy…
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