samhradh wrote:I wish I had this attitude but the reality is I get stressed when not being able to buy lifestyle things (clothes, dinner out, etc) because for me that's the truest sign of being "free." Simply being able to cover the bare bones means I would be scraping by and that's dangerous territory. I am utilizing three 0% APR right now to keep my checking account (emergency funds) balance high as I'd rather have liquidity than a higher credit score.
I love that idea....but...
I think my intended meaning is being lost in your context. Not all "needs" can be seen or budgeted for.
I don't mean scraping by. someone who is scraping by shouldn't be using credit.
what i mean is this:
my dad told me "never buy what you want...and beg for what you need...if you can do this thru life....you will be free....and your wants will come so much cheaper and easier".
I work in an industry where lifes discretionary spending often puts a persons ability to cover needs in the crapper. I see all the time customers who have beautiful hair dos....but when i test the battery..it says "replace". then they balk at the price of a battery for a benz and drive off with a nearly dead battery after I jump start the car.
In another forum I posted a link to a 50+ year old Amex commercial and it highlights a luxurious lifestyle....but the psychology of the ad to a financially inexperienced person will be lost completely. Many would see it as a man going from life raft to private jet....
I see a person who's managed his money properly....doesn't hold debt....and thus allows him to have command over the conditions that life throws at him. I'll bet when the plane landed wherever it did....he got home and wrote a check to Amex to cover the charges. Yes...he went from rags to a bespoke suit...but he didn't stress about filling the 4 modern needs to survive: food, clothing shelter and transportation. In fact his facial expressions were like a slap in the face to lifes challenges.
Like membersince99 eludes to.....stress=worries
get rid of the stress....you have no worries.....that to me is freedom.
sorry this is so long....