Comments on: Living on Half Your Monthly Income: Could You Do It?

By: Scott

Scott — Thu, 08 May 2008 20:33:57 +0000

Great idea. As I have been in school (college)for the last two years now, and out of work and living on GI BIll money for a year of that, I have gotten used to such a low standard of living that now that I have a job making over twice per month what my total expenses have been the last year or so I have every confidence of being able to build up some savings finally. The thought of actually having a 3-month safety net is awesome!!

By: james, miami,ok.

james, miami,ok. — Sat, 23 Jun 2007 21:39:18 +0000

I have been trying to figure out how to retire on my disability S.S. but my job has no retirement program, and I`m almost seventy years old. Any tips would be appreciated because I expierence terrible back pain at work now.

By: Brian

Brian — Mon, 20 Nov 2006 04:23:30 +0000

You bring up a great point: we can live on a lot less that we think. Of coarse, this is no way to live forever, but maybe for six, twelve, or twenty four months until a financial objective is achieved.

I am impressed that you pulled it off!

By: Harrison

Harrison — Mon, 20 Nov 2006 00:43:41 +0000

Great Idea!
I have a customer, a 70+ old couples who retire financially free and rich. What they did is, when they are young, they try to spend their income below 50% and invest their money in real estate. There retire financially free at 55 and until today they have several properties that still generate passive income to them. This is a real life success story.

I hope you can success and give an example to others.

By: Matt

Matt — Fri, 17 Nov 2006 21:03:07 +0000

Thats a great exercise; most of us go through life spending money not realizing that we could if necessary make due with far less. I think I might have to take your suggestion to heart and try the same exercise.