I’ve just read an interesting article on Yahoo about a couple who were living the FIRE (Financial Independence, Retire Early) lifestyle.
The couple had accumulated a nice retirement fund of £3.4 million before hitting their 50s.
They were in a position that many people would love to find themselves in, but do you know what?
They weren’t happy!
The reason they were not happy is that after years of hard budgeting and careful spending, they were struggling to spend the money they had.
They feared losing it and so they would avoid spending it.
Whenever they spent money, it would come with feelings of anxiety.
This is known as the scarcity mentality.
They feared not having money and they feared losing what they have.
The scarcity mentality usually prevents people from making a lot of wealth, but for those who do make a decent amount of money despite it; it prevents them from enjoying it.
This couple sought help and was shown how to enjoy and spend the money they had.
Penny pinching might have helped them to amass their wealth, but as part of their retirement they were finding it tiring.
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One of the lessons they were taught was that it is OK to penny pinch and to avoid spending money… but only on the things that didn’t bring them joy.
There is no point spending ‘over the odds’ on things that you don’t enjoy or are just a necessity.
But when it came to the things they enjoyed, they were taught to spend money without feeling anxious or guilty.
To protect the money they had, they were taught to balance it out better by cutting back on the things they didn’t really need and to focus only on the things they wanted and enjoyed.
I don’t know if they had any income other than their savings and any interest that it generated, but it is always a good idea to have something coming in to fund any living costs and expenses.
For those who are retired and have a little bit of spare money to play with, an excellent way to make life-funding money is to trade the markets.
For most people, between £110 and £350 is more than enough to cover the costs of the day, including entertainment, and that is what David Houghton makes most weekdays for just ten minutes work.
He spends no more than ten minutes checking one financial market to see if there is a trade. If there is, he sets up his system and then goes about his day.
This system makes him between £110 and £350 most weekdays… which is the equivalent to a day’s wage for most people.
If you would like to know more about David and his ten minute morning system, click the link below:
The A Minus B System
Kind regards
John Harrison
PS… As far as effort is concerned, this is one of the easiest systems for making money that I’ve seen.
You don’t need to know a lot and you only need to work ten minutes in the morning and for that it will give you between £110 and £350 most weekdays.
Here’s that link again: