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03-02-2007, 08:15 AM
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It's not about how much you make or if you're "Rich" or "Poor"
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Ms. Mommysavers
Last Online: Yesterday 08:26 PM
Join Date: Jul 2006
Location: Southern Minnesota
Real Name: Kim
Posts: 10,786
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ksmom's recent post about what do you consider "poor" prompted me to dust off my soapbox again!
When I created this Money Matters forum, I was excited to get people thinking about money. Money is the number one reason why couples divorce. It's why people argue. The average household carries some $7,000 as a credit card balance every month. If financial security can bring about a less stressful environment in your home, plus bring you opportunities that you might not otherwise have, why not strive for that? It would be my goal for EACH OF YOU to rid yourselves of consumer debt.
However, having said that, it's not about how MUCH money you have. We can get into trouble when we start projecting what's right for ourselves onto others. The amount each of us "need" can be very different depending on where we live, our fixed expenses and what our personal goals are. Someome may be very content on a small income, while others with big aspirations or goals may be prompted to "go for the gold". There's nothing wrong with either philosophy. Different strokes for different folks.
Rich, poor, incomes, net worth, etc. they're all numbers. The government defines poverty lines according to income, but I think we've all seen examples of families on very small incomes do better with their money than those who make six figures. A net worth calculator can be a valuable tool in letting you know if you're on track in achieving your goals, but they're just that: YOUR GOALS. Not your neighbor's goals. It's up to each and every individual to define that for him or herself.
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