Melsb made a great point in another thread quoted below.

Does it ever end? Is there ever a time when you can feel completely secure. (It's probably hard to know until you get there.)

It's a different dollar amount to each person and like Cathleeninnh said, it's not always about money.

Have you ever felt secure? Is there a time when you think you will feel secure? Will it ever be enough?

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Mom to dd (age 9) and ds (age 11)
blogging daily about purpose and personal identity

One scenario: my parents and my in-laws. Two years ago they both sat us down within months of each other out of no where (we're guessing there must have been an article in some Canadian retirement magazine that they both read). They both showed us all their accounts, where their passwords are, how they are doing financially. It turns out one set of parents has about 8x of what the other set has and yet the set with 8x less are far more emotionally secure about their finances.

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Mom to dd (age 9) and ds (age 11)
blogging daily about purpose and personal identity

I think that question sort of goes with the idea of simple living, too. Sure, we could always want more to feel secure, but at some point, you have to step back, look around and realize you are pretty secure and don't need to keep up with the Joneses.

Each person has their own security levels, I guess.

Our goal is to be completely debt free and own our home outright. I will consider us financially secure when we have investments that produce more income than we make at a job. I want to retire and live off interest only and never touch the principal which will make a tidy inheritence for our heirs.

As I said in the other post, it does not take much for me to feel secure. I think it all comes down to attitide. I just always feel that somehow we will be fine and don't worry about it.

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~Happiness is a large family~

Everyone must be quick to hear, slow to speak and slow to anger. James 1:19

Do you not know that in a race all the runners run, but only one gets the prize? Run in such a way as to get the prize. 1 Corinthians 9:24

I also think that security is a question of attitude. It's not the amount of money it's how you feel inside. I sure would like to have more money saved up for emergencies but I don't feel insecure because I have confidence in myself and in my relationship with dh. We have gone through so much and always made it. That has built my confidence. I know that even if things get rough we will find a way to get through it again. I'm much more insecure facing things like sickness and death of loved ones. That really makes me feel insecure.

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Marie - SAHM of DS Benjamin (april 2004) and DD Rose (march 2006).

I would like to see us back to the point where we only have our mortgage payment again and we're contributing more to our retirement and the kids' college funds. Once we're there, I think I'll feel a bit more secure again. I also agree with the poster above who mentioned that it has to do with simple living to some degree, too.
Michelle

I don't think I have felt financially secure since our first couple years of marriage. Emotionally, I feel very secure. We don't have any debt and I still don't feel financially secure. That being said we don't own a home, we rent. We are working on our savings now. I think once we get into a house in our new area, I will feel much more secure. Something about owning a home (a home that doesn't break the bank, which will be hard to come by in this area)........

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I think for me, the feeling that I could be happy without money/material things gives me loads of security. I've lived through leaner times and if everything we had all went away, I think I could still be happy. For me, that's more reassuring than money in the bank. I posted in FTJ about the Law of Paradoxical Intent (getting what you want by knowing you don't need it to be happy) in relation to your dreams and I think it really applies to financial security as well.
Step #13: Analyzing Your Dreams

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