Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Cronos

Worked all his life and saved his money. Sounds like a plan to me.


11 posted on 05/08/2025 6:27:56 AM PDT by hinckley buzzard ( Resist the narrative. )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: hinckley buzzard

It worked for me. My story is identical to the original poster’s, except I did go to college — thanks to scholarships and a heavy work-study schedule. Like him, I worked steadily and, by living well within my modest means, I was able to save quite a bit. Unlike 99% of my colleagues, I had my paychecks auto-deposited to my savings account rather than my checking account. i would transfer just enough to checking to cover bills — utilities and rent — and my one credit card was paid in full each month. I lived in a major metro area and walked and used public transit — no car and the related expenses. I had no plan or financial strategy, I never balanced my checkbook. When my savings account grew large, I’d put chunks into a mutual fund. This system worked like a charm. I was able to retire early (mid-50s) and pay cash for my forever home — no mortgage — and a used car. Depending on how the stock market does, my mutual fund statements reveal I’m often a millionaire. It can be done.


31 posted on 05/08/2025 7:07:43 AM PDT by Blurb2350 (posted from my 1500-watt blow dryer)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson