5 ms·

For a long time I had an idea that "A real salary is what is left after expenses" so if you earn monthly £2000 but your expenses are £1500 then £500 is your sal

For a long time I had an idea that "A real salary is what is left after expenses" so if you earn monthly £2000 but your expenses are £1500 then £500 is your salary. If you earn £1500 but your expenses are £500 effectively you earn £1000 month or more than those that are paid more. So, solution is to earn more or learn how to live more frugal? Of course it is not possible to reduce some expenses, and some expenses are in % (as taxes) so more you earn you will pay more. At one point you could get to the point you do not think how much are your expenses, but for most of the people until that time you will realized that you sold so much time that your life has passed in front of your eyes. Anyhow, it is good advice to find something you love and do it, as often 300 hours of unpaid hobby can give more joy and satisfaction than, all the money in of the best paid job in the world you could earn during that same time.

devtosales 6y ago
Can’t trade joy for a house or clothes for the kids. ... or 5 star holidays along the Mediterranean.
- NiceWayToDoIT 6y ago
  For the first one I agree having kids is obligation and duty one must fulfill, (I am single). For the second one, different folks different strokes, I traveled the world and I have not found that 5 stars holidays will give me more joy than random traveling on tight budget. As I enjoy nature and free time - so, super expensive wine, cars or fancy hotels does not mean much to me. Again, I can understand that for some people they do, although I do not know why, but I respect that...
simonbarker87 6y ago
The extreme savings/retire early website/guy (can’t remember the name and googling is failing me) essentially uses this for working out how early you can retire by focussing on the percentage of your take home that can be saved/invested rather than out right figures. It’s the thing we (my wife and I) focus on, the percentage left over as discretionary money to be saved, invested or spent as we see fit that matters the most to us.
- thestepafter 6y ago
  Do you mean this guy? https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/
  - deleted 6y ago
    [deleted]
  - tonyedgecombe 6y ago
    Probably https://earlyretirementextreme.com https://earlyretirementextreme.com

devtosales 6y ago

Can’t trade joy for a house or clothes for the kids. ... or 5 star holidays along the Mediterranean.

NiceWayToDoIT 6y ago
For the first one I agree having kids is obligation and duty one must fulfill, (I am single). For the second one, different folks different strokes, I traveled the world and I have not found that 5 stars holidays will give me more joy than random traveling on tight budget. As I enjoy nature and free time - so, super expensive wine, cars or fancy hotels does not mean much to me. Again, I can understand that for some people they do, although I do not know why, but I respect that...

simonbarker87 6y ago

The extreme savings/retire early website/guy (can’t remember the name and googling is failing me) essentially uses this for working out how early you can retire by focussing on the percentage of your take home that can be saved/invested rather than out right figures. It’s the thing we (my wife and I) focus on, the percentage left over as discretionary money to be saved, invested or spent as we see fit that matters the most to us.

thestepafter 6y ago
Do you mean this guy? https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/
- deleted 6y ago
  [deleted]
- tonyedgecombe 6y ago
  Probably https://earlyretirementextreme.com https://earlyretirementextreme.com