Can stop paying?
13 replies (most recent on top)
Looking at median amounts saved/invested in the US and the OPs question, it's pretty obvious that not everyone is doing it. Therefore, valid question. Also speaks to the fact that everyone else should prioritize saving at least some kind emergency funds. So if you aren't, do so before you find yourself in the OPs shoes.
Debt-free, you?
@an so if we have two extra cars and a boat we might want to sell them off and not keep them - that tracks
@dw
Um, I think not.
Since they asked that broad and most basic question.
It's not worth answering.
It's like asking if putting water in a car's gas tank will be better than using gas.
From your savings and investments. You are saving and investing, right?
@OP
Very carefully.
Great question! I’ll be on the chopping block soon :)
You don't need to pay your bills even when you're employed. It doesn't really matter, money is made up.
Not sure if this post is serious or not, but … I was displaced last year. Had a year’s worth of severance. I remember after about 3 days once it settled in, I looked at my spending, bills, etc. and decided to cut everything I didn’t absolutely need. Sold two cars, my boat, etc. Cut streaming, cable, etc. Saved a ton. Found a job six months into severance (30% less than I made at WF) and am actually saving money, investing more, etc. It was kind of a cool feeling to literally get rid of everything, save my home and a 2015 Honda Accord…it was liberating.
Have you seen Breaking Bad?
No. You must pay. Sell your blood. Maybe a kidney.
Can’t pay what you don’t have…
Yes