Comments on: Saving and Sacrificing Without Purpose: Why Do I Want to be Rich? http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php Living in Frugal Decadence Thu, 09 Feb 2012 14:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Frugal Confessions http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-1412 Frugal Confessions Mon, 30 Aug 2010 12:15:32 +0000 http://www.frugalconfessions.com/?p=342#comment-1412 [...] writing articles for this blog, I have asked the question before of why I want to become rich, and why I am saving and sacrificing today without a real purpose. It is not entirely without purpose, as I want to be financially independent, to travel, and to [...] [...] writing articles for this blog, I have asked the question before of why I want to become rich, and why I am saving and sacrificing today without a real purpose. It is not entirely without purpose, as I want to be financially independent, to travel, and to [...]

]]> By: Amanda L Grossman http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-817 Amanda L Grossman Fri, 30 Apr 2010 17:47:15 +0000 http://www.frugalconfessions.com/?p=342#comment-817 Hey Sophie! Thanks for the comment. That would be great for you! Hey Sophie!

Thanks for the comment. That would be great for you!

]]> By: Sophie Sanders http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-816 Sophie Sanders Fri, 30 Apr 2010 17:43:21 +0000 http://www.frugalconfessions.com/?p=342#comment-816 i am hopping that with very hard work on Affiliate marketing, maybe i would be able to achieve Financial Freedom in 2 years time.'~: i am hopping that with very hard work on Affiliate marketing, maybe i would be able to achieve Financial Freedom in 2 years time.’~:

]]> By: Amanda L. Grossman http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-502 Amanda L. Grossman Sat, 30 Jan 2010 16:02:04 +0000 http://www.frugalconfessions.com/?p=342#comment-502 Hello Crystal! Thank you for sharing your list with me! Hello Crystal!

Thank you for sharing your list with me!

]]> By: Crystal http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-499 Crystal Sat, 30 Jan 2010 02:20:18 +0000 http://www.frugalconfessions.com/?p=342#comment-499 My hubby and I enjoy taking comfortable vacations. We want enough to take a few cruises a year or visit bed and breakfasts in interesting places. I want to volunteer for Meals on Wheels as well as my normal charities. My husband wants to be a college sports official when he retires. We want to be able to visit all our family and friends on a regular basis (they're spread out). That is what financial freedom will buy us. :-) My hubby and I enjoy taking comfortable vacations. We want enough to take a few cruises a year or visit bed and breakfasts in interesting places.

I want to volunteer for Meals on Wheels as well as my normal charities.

My husband wants to be a college sports official when he retires.

We want to be able to visit all our family and friends on a regular basis (they’re spread out).

That is what financial freedom will buy us. :-)

]]> By: CentralNC http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-495 CentralNC Fri, 29 Jan 2010 16:45:43 +0000 http://www.frugalconfessions.com/?p=342#comment-495 You hit the nail on the head with "... means that I will have the freedom to live however I choose". I believe the goal is not so much "being rich", but more like having total freedom to choose how you spend your time - traveling, visiting family, helping others, learning a new skill... all those things that we enjoy but can't do as often as we want because we spend most waking hours working to keep a roof over our heads and our family fed :) You hit the nail on the head with “… means that I will have the freedom to live however I choose”. I believe the goal is not so much “being rich”, but more like having total freedom to choose how you spend your time – traveling, visiting family, helping others, learning a new skill… all those things that we enjoy but can’t do as often as we want because we spend most waking hours working to keep a roof over our heads and our family fed :)

]]> By: FruGal http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-493 FruGal Fri, 29 Jan 2010 14:44:56 +0000 http://www.frugalconfessions.com/?p=342#comment-493 Aurora: Hello! Yes--not having a mortgage, or any other debt, would be incredible. Even if you don't have a bundle of money saved at that time, you could probably do whatever type of work you prefer because you would need so little to live on. I am still debating in my head about paying off the mortgage as quickly as possible, or investing that money in an index fund...though I certainly have more time to think about it with the wedding/honeymoon, and paying off our car coming up soon! Those are first, and then I can really focus on what our next big financial goal (other than to retire wealthy!!) should be. Thanks for your thoughts. Aurora: Hello!

Yes–not having a mortgage, or any other debt, would be incredible. Even if you don’t have a bundle of money saved at that time, you could probably do whatever type of work you prefer because you would need so little to live on.

I am still debating in my head about paying off the mortgage as quickly as possible, or investing that money in an index fund…though I certainly have more time to think about it with the wedding/honeymoon, and paying off our car coming up soon! Those are first, and then I can really focus on what our next big financial goal (other than to retire wealthy!!) should be.

Thanks for your thoughts.

]]> By: FruGal http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-492 FruGal Fri, 29 Jan 2010 14:42:20 +0000 http://www.frugalconfessions.com/?p=342#comment-492 Hello Crystal! Thank you for your comment. I actually sat down and started a list on what I would do with financial freedom to help me figure out why I want to be rich and to stay motivated and focused. Here are a few things: Travel, travel, travel (my fiance and I are globe trekkers at heart, and met each other in Japan!) I have always had the drive to volunteer somewhere in the world that is deep in poverty, so something like the peace corp, a mission, etc. for an extended period of time (a year?) Writing colony for a few months (doesn't have to be far away) Visit with my family in PA for an extended period of time instead of just holidays (although we do get to see them usually two weeks at a time, which is a nice length) What are some of the things on your financial freedom wish list? Hello Crystal! Thank you for your comment.

I actually sat down and started a list on what I would do with financial freedom to help me figure out why I want to be rich and to stay motivated and focused.

Here are a few things:
Travel, travel, travel (my fiance and I are globe trekkers at heart, and met each other in Japan!)
I have always had the drive to volunteer somewhere in the world that is deep in poverty, so something like the peace corp, a mission, etc. for an extended period of time (a year?)
Writing colony for a few months (doesn’t have to be far away)
Visit with my family in PA for an extended period of time instead of just holidays (although we do get to see them usually two weeks at a time, which is a nice length)

What are some of the things on your financial freedom wish list?

]]> By: Aurora http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-491 Aurora Fri, 29 Jan 2010 14:22:13 +0000 http://www.frugalconfessions.com/?p=342#comment-491 I've definitely asked myself the same questions, because we've all read (and may know from observation) that money and being rich does not bring happiness. In fact, sometimes I think people with less money tend to be happier, because they don't feel entitled to things or have high expectations. Sometimes I think having less helps you appreciate what you have even more. With that in mind, I pretty much came to the same conclusion as you- although money doesn't buy happiness, it can buy options that can make life easier and less stressful. Our biggest financial goal is to be free of a mortgage (and all debt for that matter)someday. Imagine how little income you would need to get by on if you only had property taxes and all your necessities to pay for each month! I’ve definitely asked myself the same questions, because we’ve all read (and may know from observation) that money and being rich does not bring happiness. In fact, sometimes I think people with less money tend to be happier, because they don’t feel entitled to things or have high expectations. Sometimes I think having less helps you appreciate what you have even more. With that in mind, I pretty much came to the same conclusion as you- although money doesn’t buy happiness, it can buy options that can make life easier and less stressful. Our biggest financial goal is to be free of a mortgage (and all debt for that matter)someday. Imagine how little income you would need to get by on if you only had property taxes and all your necessities to pay for each month!

]]> By: Crystal http://www.frugalconfessions.com/uncategorized/saving-and-sacrificing-without-purpose-why-do-i-want-to-be-rich.php/comment-page-1#comment-489 Crystal Thu, 28 Jan 2010 21:31:21 +0000 http://www.frugalconfessions.com/?p=342#comment-489 Our largest financial goal is to be able to comfortably retire at the age of 51 when my husband can draw his full pension...that is in 25 more years. Financial calculators and our own musings have led us to conclude that we would need $2 million. IMO, retirement means having financial freedom. My husband will still want to officiate high school or college sports. I will still want to volunteer. Retirement simply means having the freedom to choose whether to work or not. $2 million plus my husband's pension would allow us financial freedom. We could take a few cruises, pursue a few hobbies, and continue to live the way we do now (even with huge additional medical expenses). Currently we are on track for having closer to $3 million, so yay! What would you want to do if you had financial freedom? Our largest financial goal is to be able to comfortably retire at the age of 51 when my husband can draw his full pension…that is in 25 more years. Financial calculators and our own musings have led us to conclude that we would need $2 million.

IMO, retirement means having financial freedom. My husband will still want to officiate high school or college sports. I will still want to volunteer. Retirement simply means having the freedom to choose whether to work or not.

$2 million plus my husband’s pension would allow us financial freedom. We could take a few cruises, pursue a few hobbies, and continue to live the way we do now (even with huge additional medical expenses). Currently we are on track for having closer to $3 million, so yay!

What would you want to do if you had financial freedom?

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