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The point is that if you desire to live a simple existence you are one small catastrophe away from total financial ruin. I have a child who developed an autoimm
by shiftpgdn 6y ago
The point is that if you desire to live a simple existence you are one small catastrophe away from total financial ruin. I have a child who developed an autoimmune disorder. The medicine is $5000/month (insurance won't cover it, I have involved attorneys.). How many people living a simple life would be able to soak up that expense? How quickly would they draw down a savings account?
- aerovistae 6y agoExactly.
- eloff 6y agoI don't see how that's an argument against living beneath your means. If you're doing that you'll have some savings. But you'd have to have insane savings to soak up $5000/month without serious lifestyle changes.