Comments on: Why My Wife and I Have Money http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: No Debt Plan http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-358341 No Debt Plan Tue, 09 Sep 2008 03:23:15 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-358341 Love it. We're the same way, thankfully. Love it. We’re the same way, thankfully.

]]> By: Jack http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-352332 Jack Wed, 27 Aug 2008 11:47:54 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-352332 Let me offer another explanation why my wife and I have money. MY WIFE WORKED! I'm sorry, but too many of our friends keep saying, how can you retire so young (55) and my explaination to them is simply, my wife worked her whole career in a good job. A lot of my friends wives appear to be kept women even though they aren't that well off. If you aren't comfortable with the day-care thing, then stay at home while they are young, but once they get in school, get a job. And I don't mean as a crossing guard at the school. A real 8-5 job. This may sound harsh, but honestly I couldn't be more proud of my wife for putting up with the rigors of a full-time job while a lot of her friends watch soap-operas while their children are in college. Let me offer another explanation why my wife and I have money. MY WIFE WORKED!

I’m sorry, but too many of our friends keep saying, how can you retire so young (55) and my explaination to them is simply, my wife worked her whole career in a good job.

A lot of my friends wives appear to be kept women even though they aren’t that well off. If you aren’t comfortable with the day-care thing, then stay at home while they are young, but once they get in school, get a job. And I don’t mean as a crossing guard at the school. A real 8-5 job.

This may sound harsh, but honestly I couldn’t be more proud of my wife for putting up with the rigors of a full-time job while a lot of her friends watch soap-operas while their children are in college.

]]> By: Hondo http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-351657 Hondo Tue, 26 Aug 2008 02:59:09 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-351657 You're right about that Prime outlet in San Marcos. It was gigantic even before they expanded it a few years back. I hate clothes shopping and normally shop two times a year. Summer and Winter. Of course I miss most of the deals but I think I save a ton because I don't step foot in the stores to begin with. I mean, what's wrong with wearing a shirt I bought in 1998.....? You’re right about that Prime outlet in San Marcos. It was gigantic even before they expanded it a few years back.

I hate clothes shopping and normally shop two times a year. Summer and Winter. Of course I miss most of the deals but I think I save a ton because I don’t step foot in the stores to begin with.

I mean, what’s wrong with wearing a shirt I bought in 1998…..?

]]> By: Jeremy http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-351239 Jeremy Mon, 25 Aug 2008 01:05:42 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-351239 Like some others have said, I absolutely hate shopping. Because of my disdain for the mall, I wear clothes for a number of years until they are visibly warn before replacing them. I don't let things get ratty or have holes or anything, but I'll wait until the item is ready to really show signs of wear before replacing. This is hard to do with dress shirts and such I have to wear every day, but I find I can buy a decent $100 shirt (like Charles Tyrwhitt) when they have sales for about $50 each. Since the shirts are of pretty good quality anyway, I find they can easily last at least 3 years before starting to show signs of wear with machine washing at home. So, I just have to stock up on 5 or 6 shirts in traditional colors and only spend about $300 to get 3 year's worth of dress shirts. I just don't see the need to be regularly buying new clothes every six months or a year just because some catalog says they have a "new" item for the season. Like some others have said, I absolutely hate shopping. Because of my disdain for the mall, I wear clothes for a number of years until they are visibly warn before replacing them. I don’t let things get ratty or have holes or anything, but I’ll wait until the item is ready to really show signs of wear before replacing.

This is hard to do with dress shirts and such I have to wear every day, but I find I can buy a decent $100 shirt (like Charles Tyrwhitt) when they have sales for about $50 each. Since the shirts are of pretty good quality anyway, I find they can easily last at least 3 years before starting to show signs of wear with machine washing at home.

So, I just have to stock up on 5 or 6 shirts in traditional colors and only spend about $300 to get 3 year’s worth of dress shirts. I just don’t see the need to be regularly buying new clothes every six months or a year just because some catalog says they have a “new” item for the season.

]]> By: Kitty http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-351137 Kitty Sun, 24 Aug 2008 19:30:34 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-351137 "I too live within my means with a pretty large margin actually. But I’ve often wondered of the unintended consequences if EVERYONE did the same." Me too. Imagine how much banks' profits would suffer if everyone starts paying their credit card balances in full or, even worth, starts playing arbitrage. Add to it retailers, businesses, automakers. At the same time I doubt it very much this will ever happen. @KC - I hate shopping too, and don't go to a mall except for when I need something. Most of the time I need something though I can get it from amazon. I find shopping boring, crowds - annoying, driving to the mall - tiring. By the time I get back, half of a weekend day is gone. There are so many better ways to spend time. I do like local Ann Taylor though even if I haven't visited it in ages - need to lose a couple more pounds before I can even consider getting any new clothes... “I too live within my means with a pretty large margin actually. But I’ve often wondered of the unintended consequences if EVERYONE did the same.”
Me too. Imagine how much banks’ profits would suffer if everyone starts paying their credit card balances in full or, even worth, starts playing arbitrage. Add to it retailers, businesses, automakers. At the same time I doubt it very much this will ever happen.

@KC – I hate shopping too, and don’t go to a mall except for when I need something. Most of the time I need something though I can get it from amazon. I find shopping boring, crowds – annoying, driving to the mall – tiring. By the time I get back, half of a weekend day is gone. There are so many better ways to spend time. I do like local Ann Taylor though even if I haven’t visited it in ages – need to lose a couple more pounds before I can even consider getting any new clothes…

]]> By: KC http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-351046 KC Sun, 24 Aug 2008 15:54:00 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-351046 I do not enjoy shopping or going to the mall. That's why I have money. I really, really have to need something to go anywhere near a mall. I do not enjoy shopping or going to the mall. That’s why I have money. I really, really have to need something to go anywhere near a mall.

]]> By: Plamen http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-350836 Plamen Sun, 24 Aug 2008 04:41:21 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-350836 We are the same with my wife. We know what we need and we shop only for it. We digress only for liquidations where you can buy for example bathing suites for $3 or jeans for $1.50 To live within your means is exactly the right approach ... and perhaps a little bit below ... We are the same with my wife. We know what we need and we shop only for it.
We digress only for liquidations where you can buy for example bathing suites for $3 or jeans for $1.50
To live within your means is exactly the right approach … and perhaps a little bit below …

]]> By: Stacey http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-350788 Stacey Sun, 24 Aug 2008 02:12:34 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-350788 I think one consequence would be we Americans would be able to invest in our own country's debt and wouldn't have to be at the whim of foreign nations! I think one consequence would be we Americans would be able to invest in our own country’s debt and wouldn’t have to be at the whim of foreign nations!

]]> By: ETF Guy http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-350766 ETF Guy Sun, 24 Aug 2008 01:20:32 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-350766 I too live within my means with a pretty large margin actually. But I've often wondered of the unintended consequences if EVERYONE did the same. I too live within my means with a pretty large margin actually. But I’ve often wondered of the unintended consequences if EVERYONE did the same.

]]> By: JLP http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/comment-page-1/#comment-350754 JLP Sun, 24 Aug 2008 00:32:53 +0000 http://allfinancialmatters.com/2008/08/23/why-my-wife-and-i-have-money/#comment-350754 Terry, You also have to make more money. Terry,

You also have to make more money.

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