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My Parents - impressionable children during the Great Depression
My parents worked long and hard all their lives. My father taught school, and my mother only went back to work after her youngest child was in high school. Now, you know of the modest income teachers make, yet well into retirement, they are debt free and have more assets than they ever dreamed of. They live entirely on social security, and I don't know anyone that feels comfortable about doing that, yet they live debt free in comfort and style. So how did they do it? My parents are successful at money management. They understand and play the money game very well indeed. They use many of the skills they learned from their parents to live debt free: Okay, you get the idea. My parents were frugal and did without a lot of wants, but fully met all of their needs. And, all the while, focused on successfully raising three children, having a comfortable debt free lifestyle and providing well for their retirement. These people were my firsthand trainers, the ones that I saw on a daily basis. I was counseled and advised by them, and learned by observation and practice. If they made bad decisions, I saw it and learned from it. If they made good decisions, I saw that too.
Done with My Parents, back to Debt Free Training
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There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.
I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.
If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.
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