Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Rolex on January 31, 2006, 07:36:18 PM

Title: Savings Survey
Post by: 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.
Title: Savings Survey
Post by: RedTop on January 31, 2006, 07:38:12 PM: 7
Title: Savings Survey
Post by: Panzzer on January 31, 2006, 07:39:20 PM: 5-10 years, I'd think. (with my current income and whatnots mentioned in the terms...)
Title: Savings Survey
Post by: ygsmilo on January 31, 2006, 09:42:48 PM: Till I'm dead,,,,,,,,,,,
Title: Savings Survey
Post by: Toad 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.
Title: Savings Survey
Post by: eagl 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.
Title: Savings Survey
Post by: Debonair on February 01, 2006, 12:07:52 AM: am i allowed to sell my wife's jewlery?
Title: Savings Survey
Post by: DREDIOCK on February 01, 2006, 12:22:21 AM: lol bout 3 days
Title: Savings Survey
Post by: Swoop on February 01, 2006, 01:01:30 AM: 8 minutes 12 seconds.

(http://www.onpoi.net/ah/pics/users/209_1137109117_20029211530-0-swoop.gif)
Title: Savings Survey
Post by: ROC on February 01, 2006, 01:08:22 AM: 1 minute left Swoop
Title: Savings Survey
Post by: Russian 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.
Title: Savings Survey
Post by: Rolex on February 01, 2006, 01:53:56 AM: I agree, Russian, but I didn't want to ask for too much information.
Title: Savings Survey
Post by: Heater 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
Title: Savings Survey
Post by: JB88 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 (http://www.augustbach.com/dux.jpg)

indefinately.
Title: Savings Survey
Post by: Saintaw 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.
Title: Savings Survey
Post by: Sixpence on February 01, 2006, 05:14:06 AM: I've got one foot on the banana peel and the other in the twilight zone
Title: Savings Survey
Post by: Rolex on February 01, 2006, 06:01:32 AM: Quote
Originally posted by Debonair
am i allowed to sell my wife's jewlery?

No. I said live. ;)
Title: Savings Survey
Post by: Mickey1992 on February 01, 2006, 07:37:28 AM: If my income stopped and I assume I no longer had a job and could get rid of one or both of our car payments (since I no longer needed to drive to work) I would say 12 months.
Title: Savings Survey
Post by: AKS\/\/ulfe on February 01, 2006, 07:48:58 AM: Could you start selling drugs? Or does that constitute income?
-SW
Title: Savings Survey
Post by: Curval on February 01, 2006, 07:58:35 AM: Sorry Rolex I can't do this without a big spreadsheet and it would be too much work to figure out.

BUT...without liquidating anything, from pure savings right now I estimate we could get by for about a year. I have a HUGE mortgage. :)
Title: Savings Survey
Post by: lazs2 on February 01, 2006, 08:11:25 AM: forever... I would simply retire early. I would probly not stay in my current home tho simply because there would be not point. I could sell it and live better elsewhere.

Now... before I reached this happy age... I rarely had more than one or two months worth of income to live on at the rate I was spending.. It was never a problem... something allways came up. Allways worked out.

It does giove peace of mind tho knowing that the job or losing it is not a big deal at this point in my life.

lazs