Author Topic: Savings Survey (Read 409 times)

Rolex · « **on:** January 31, 2006, 07:36:18 PM »

Pardon my morbid curiosity, but I wonder how 'average' the people on this board are. Instead of a monetary figure, I thought I'd use this:

How many months could you live in your current home if all your household income stopped today?

It's a straight-forward question with no trick semantics. No income from any source, but you could liquidate financial instruments. No reverse mortgages, or additional loans, etc. Obviously, it would be for adults living independently and paying all current monthly bills and obligations. Thanks.

RedTop · « **Reply #1 on:** January 31, 2006, 07:38:12 PM »

Panzzer · « **Reply #2 on:** January 31, 2006, 07:39:20 PM »

5-10 years, I'd think. (with my current income and whatnots mentioned in the terms...)

ygsmilo · « **Reply #3 on:** January 31, 2006, 09:42:48 PM »

Till I'm dead,,,,,,,,,,,

Toad · « **Reply #4 on:** January 31, 2006, 09:45:21 PM »

Far longer than I am likely to live, even if I live to a ripe old age.

eagl · « **Reply #5 on:** January 31, 2006, 11:46:07 PM »

Assuming no earnings on savings/investments, no retirement income, and my current lifestyle, approx 166 months.

Assuming a smart investment program and fairly drastic but "realistic" lifestyle changes, indefinately. No limit whatsoever.

If I was not married, it would be an unqualified "indefinately".

I don't spend much and I've been saving a minimum of 10% of my income for the last 12 years. Every dime my wife has made since we've gotten married has gone into savings. I refuse to be in debt and have never carried a loan except for a few years where I made more in investments than the loan interest rate, so the loan paid for itself.

Yea "the man" owns me for 9 more years, but lifetime fiscal independence at age 42 is a reasonable payback for what will work out to just under 25 years of service. All I have to do is stay off drugs and don't get a DUI. That's apparently too hard for some people, but it's not a very tough decision for me personally.

But my parents taught me to take the "long view" on life from a very early age, so I was planning my retirement before age 15. That sure made certain career decisions easy.

Debonair · « **Reply #6 on:** February 01, 2006, 12:07:52 AM »

am i allowed to sell my wife's jewlery?

DREDIOCK · « **Reply #7 on:** February 01, 2006, 12:22:21 AM »

lol bout 3 days

Swoop · « **Reply #8 on:** February 01, 2006, 01:01:30 AM »

8 minutes 12 seconds.

ROC · « **Reply #9 on:** February 01, 2006, 01:08:22 AM »

1 minute left Swoop

Russian · « **Reply #10 on:** February 01, 2006, 01:15:11 AM »

That information would be more proper with age of answerer.

I’m at 24…..I could last probably around 12 months.

Rolex · « **Reply #11 on:** February 01, 2006, 01:53:56 AM »

I agree, Russian, but I didn't want to ask for too much information.

Heater · « **Reply #12 on:** February 01, 2006, 04:49:14 AM »

I have always planned to retire at age 50, so with that in mind,
looking at my current life style I would say, with all thing being equal the next 15-20 years I am currently 45

Cheers

JB88 · « **Reply #13 on:** February 01, 2006, 04:53:39 AM »

worst case scenario.

i have a studio which is connected to all the neccessities on a main house...thus it could concievably serve as primary residence indefinately.

the water is connected to the main building and is not charged to me. my monthly rent is the electric bill which i could pay for with one good night of hooking or a painting job and is only contingent on the good favor of the owner *who happens to be a reverend+...

worse comes to worst, i burn trees for heat and cooking...there are plenty of lizards crawling around that i could eat in a pinch.

i could also eat some of my ducks

indefinately.

Saintaw · « **Reply #14 on:** February 01, 2006, 04:55:24 AM »

I'm moving in with Swoop.

1 month at best... what can I say... I'm good with numbers as long as there is no currency sign close to it.