RE: How Do YOU Compare To The Average American, Financially?
I think I rank pretty "OK" in the scheme of things. No mortage, credit card debt, or student loans. I have a good retirement, assuming it is still viable when I need it. About $260k now. Yearly salary for myself is $74k. I always buy 4 to 5 year old cars, finance half, so $200 payment avg. Hard to believe most Americans save or spend their tax refunds on debt? Everybody that I know just goes shopping! I buy silver, sometimes gold with my tax return...basically invest it. Hmmm...No real Facebook time, and my actual finance time is minimal, since I just check in on investments or read articles. Maybe 40 mins a week, actual finance time, but 3 hrs reading. I am a real economics nerd, so money and finances keeps my interest! Steemit, yes. Alot of time, probably 12 hrs/week total. Thanks @getonthetrain! Interesting median stats.
@jbcoin,
You're sitting really well from what I am seeing here. Do you own your home without mortgage or rent?
I know that type of 'shopping' - It's not what shoes do I want it's "Ohh which investment do I want to buy!" :D
You are on the road to millionaire status and beyond.
I rent a big farm house in the country, but I own another rental in town which pays my farm house rent, taxes, and about +$150 per month. I just store that away, in case of repairs. It's been working pretty well so far. I have a large family, so of course those expenses add up too. I don't think I'll ever be rich, just hope to be secure enough to take a break a little early. Kind of do the things I like instead. Metal Detecting, Steemit, coin shows, etc. Thanks, it's good to kind of step back and think about the plan sometimes though!
Eh, its not like I am never going to earn another dollar after I 'retire' - my goals will all lead towards income anyway.
Plus, having no job but a safety net of a pension will allow me to try new and exciting things!
It's just that I won't HAVE to work.
Yes, it would be nice to at least pursue the things that you want to do, instead of what you have to do. 😁 good plan!