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Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
15. Re: How much money do you need to live "comfortably"? Nov 20, 2008 6:35 PM
in response to: Mongoose
Yes things can be bleak when we are presented with a realistic and true fear that could affect our main stream of income.

My question to this is do we really know this fear to be true or just our perception?

Is it possible that the fear is just of our own making, or just an passionate idea that someone presented to us because of their lack of understanding?

What it really boils down to is our ability to plan before any fear might come true, and the ability to respond on a professional and decisive manor to problems that arise.

Rome was not built in a day, and comfort really is a state of mind.

Our focus to stay in business should be to not tread anything but stable waters, yet test new unsailed seas just to get an idea of how our boat stays afloat, while the same time staying close to our current path.

A well planned out and decisive path will insure success, and a path that is well thought out enough to keep focus on the ultimate goal yet able to alter course at the same time has a better chance at success then to just blatingly sail forward, ignoring the coming or present dangers yet throwing a war flag at any little problem that may or may not even be a problem.

What some see as this humongous threat, really is just a tiny ballon floating in an endless sea.

So to answer this question in a less poetic yet direct response.

Money cannot buy everything, and the some of the happiest people in the world died homeless, and some of the most miserable people in the world died filthy rich.
Click to view Elite1's profile Mogul Elite1 64 posts since
Nov 14, 2008
16. Re: How much money do you need to live "comfortably"? Dec 26, 2008 7:37 PM
I do not require a lot of money to feel comfortable. I am happy as long as I can put a roof over the family, clothes on their back, food on the table, and utilities to keep them warm. The rest is luxury.

On another note, I think most people do not approach their personal financial situation like their business finances. It is helpful to calculate how much you need (or want), then set specific goals on how to make it happen. Use this to pay off bills, save for a specific purpose, or prepare for retirment. Similar to making a business plan, you can make a personal plan. It is very exciting, reassuring and satisfying.

Tanya
Elite Financial Services, LLC
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