posted on May, 20 2011 @ 05:51 PM
Originally posted by Geckoseth
reply to post by nightbringr
I will reply more to your quote when i get the chance, but mine and your idea of respectable are vastly different, Trade bmw with a new falcon and
respectable house is 300k.
Not sure what you mean, but im looking forward to the debate.
My main point is life is what we make of it. We certainly are not all dealt the same deck, and luck plays a huge roll in how things work out, but i
think it is very important for our happiness as a whole to not fall into the Western "more is better" mentality.
I have a credit card, but only use it for emergencies. If i do need to use it, i pay it off at the end of the month to avoid the rediculous interest
rates credit cards come with. I bought a very modest house. well under $100,000, and have renovated it as money has allowed, never once borrowing to
do it. I have taken advantage of federal tax credits on energy saving renovations when offered to subsidize my work. This helps them pay for
themselves, and i reap the benifits of better heating and air conditioning savings. When i buy a car, i save until i can afford what i want.
I always buy used, as a new car depreciates over 50% of its value in the space of 4 years. I have taken time to learn basics of automotive mechanics,
as labor rates are huge. I buy repair manuals for each and every car i buy. Using them once on a single repair often pays for the manuals sticker
price and more.
I take advantage of RRSP tax saving on my income taxes. By donating to my RRSP, i get an instant credit on my yearly tax, and save for my future.
Within three years, i can withdraw this money and re-invest it elsewhere. Make the banks work for you.
I could go on, but im sure you get the picture. Fiscal responsibility is a lost art. I came from very humble beginings and currently make a very
modest wage, but i dont need more. I have everything i need. I roof over my head, a loving family and money to provide our basic needs. Life is