#1 - I had no clue that was an Abba song until just. now. Thanks, Google.
#2 - The lyrics to that song are amazingly sad and vapid. "In my dreams I have a plan\ If I got me a wealthy man\ I wouldn't have to work at all, I'd fool around and have a ball"
I'd also like to fool around and have a ball but I'm going to do it in a respectable way. Saving. Investing. Being Frugal. Making small changes that add up. Refusing to be a consumer of Stuff I Don't Need.
So, there is an Old Me and a New Me. Old Me would have been, like, OMG I NEED THIS METAL ROLLY BAR TO PUT ALL MY STUFF ON/IN RIGHT NOW GIMMEE THE CREDIT CARD AND DELIVER IT ASAP DON'T WORRY I'LL PAY IT OFF NEXT YEAR!
Old Me is a super duper idiot. Old Me would have thought putting a $530 charge plus shipping on my credit card for something I didn't really need (I already have something to put stuff on and in) and definitely couldn't afford was perfectly fine. And that is how I ended up at 32 living basically paycheck to paycheck with nary a money buffer in sight and a medium-sized credit card bill.
New Me had a religious moment (or moments, I guess) after returning from vacation a couple months ago way deeper in debt than when I started. I knew I could not go on this way and, more than that, I wanted to be free of The Cycle (work, deposit, spend, work, deposit, spend, etc) altogether.
I started to think about what I really wanted... freedom from work I didn't want to do... freedom to use my time how I wanted to use it. Could it be done?
Holy cow- yes! I started reading about living under your means, about putting your money to work, and about how happiness and spending money have very little in common after a certain point when your basic needs plus a little extra are met.
I started this blog to help keep me accountable, to share all the cool things I'm learning about (and how I plan to "retire" early), and, also, how to be practical about the whole thing- I don't want to be a hermit with a broken down house! I want to find a balance of (or the intersection of) frugality & fun, saving & doing, and minimalism & comfort.
Sound good? I can't wait.
P.S. If I took that $530 and put it in a decent mutual fund yielding 7% after inflation right now and did so every month for the next 10 years, I'd have $93K! Dang.
Anyone else frustrated by The Cycle? Are you spending $500 bucks a month on something silly that you could turn into way more money instead? Let's be Susan Powter and STOP THE INSANITY!