|
I was doing twice that and it was easy. I didn't own a car until I retired, either a company car or leased by the company we owned. Otherwise, it was public transport for short journeys or hired a car. I see some of you boast about how many cars you own gathering dust and losing money every day.
Was never one for buying the latest phone, iPod, Tablet, to update for the sake of updating.
We bought a small house because we could pay cash for it, apart from utilities and insurance, it's free. We had a studio in the outskirts of Brno in a light industrial unit nothing flashy, we had conservative cars, etc.
And when the shit hit the fan we could deal with it without worrying about paying bills. Now I have more money in the bank than I did, this time, last year.
For those who had success 10 years ago. How much of it is in a pension scheme, sitting gathering interest? And yes 12% over 40 years is an easy one. After the crashes bottomed, I invested heavily, the 1980s and 1990s crashes.
|