DDmenen,
20 years ago, i was dead broke and homeless, literally actually living under a bridge next to the RR tracks. It was a comfort to know 4:05am transcontinental freight train was running on time.
I was broke due to running through $100k i saved in my 20s while working in the 80s because of medical bills and to live since spending 8 of a 12 month period in the hospital meant i couldn't work.
20 years ago, my OH (Other Half=spouse)was just out of bankruptcy.
Neither us, alone or together, had two nickles to rub together. My OH DID own an old trailer home. We both had problematic cars, one had no heat, one had to run heat even on hot days to reduce engine heat as the fan didnt work, for example...which one to take somewhere, for example ( the vehicles had other problems too, no $$$ to fix them. )
I also was applying for SSDI fir the 3rd time, appealed to Admin Law Judge, who had an 8 1/2" medical records file on me and passed me with no problem.
BUT: now we:
1) own a house, put 10% down, and have it half paid for in just 4 years.
2) in march '14, we paid cash for my OH s brand new vehicle. My OH was 55 at the time, and had NEVER had a brand new vehicle, ever, so i said we'd spring for a brand new one.
3) have money in the banks and Roth IRA s, not much, meaning far from enough to retire on, but at least we have SOMETHING.
4) we bought my now 13 yr old vehicle in 10 @4 yrs old, financed for 5 yrs, but paid for in 2yrs, 3 mos, less than half the loan term.
My point IS:
1) You need to pull yourself up by bootstraps and put nose to grindstone and WORK at changing your life.
2) update work skills, go back to school, get OTJ training in a trade, etc.
3) figure out how to a) not spend so much; b) save what you dont spend.
4) sell off stuff you dont need or use.
5) adopt a minimalist lifestyle, having few possessions, and saving as much as you can
6) read or watch YouTube on minimalist and FIRE movements (Financially Independent, Retire Early).
7) watch Dave Ramsey's YouTube videos and buy a book or two of his, hes worth $55million now, in just about 30 yrars, and is 58( i think). He was a multimillionaire at age 26, dead broke by 28.
8) pay attention to what Warren Buffett does, he started making goid money at about age 55 also.
Best of luck to you,
But YOU and only YOU can change your life.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
