I would say that I’ve ‘won the game’. By “living like a resident” for 5 years, I have essentially saved enough money in my investment accounts (tax-deferred and taxable) that I would reach my retirement goal by just letting my account grow for the next 20 years with just my 401k contributions. That is huge for me since my 401k contributions are only 10% of what I’ve been saving over the last 5 years. Now, my ultimate plan is early retirement in 10 years, so I plan to continue saving well over my 401k limit. But, it sure is nice to know that the work I’ve put in over the last 5 years has essentially put me on the safe track to retirement and allows me to spend a little more here and there for the little things in life that will bring me and my family some joy. I’ve recently bought my family a small cabin at a local lake now that I’ve laid a solid financial foundation to build on. It feels good to cut some of the purse strings a little and have a small taste of reward from all my previous efforts.
I guess I’m posting this to give an example of how living below your means pays off in a big way if you stick with it for a few years. Stay the course!
Has anyone else reached the point where they can say they’ve ‘won the game’? Please share.
I guess I’m posting this to give an example of how living below your means pays off in a big way if you stick with it for a few years. Stay the course!
Has anyone else reached the point where they can say they’ve ‘won the game’? Please share.
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