Great tips, Chris. Re keeping up with the Jones's, do we even like them? Being of nearly retirement age, and also very wise ;-), I've noticed over the years that the Jones' tend to have large mortgages, a lot of debt and waste their money on depreciating assets like gas guzzling status cars. When redundancy or divorce hit, they are not well placed to survive financially.
Great tips, Chris. Re keeping up with the Jones's, do we even like them? Being of nearly retirement age, and also very wise ;-), I've noticed over the years that the Jones' tend to have large mortgages, a lot of debt and waste their money on depreciating assets like gas guzzling status cars. When redundancy or divorce hit, they are not well placed to survive financially.
I agree, we will never own an expensive car, house or a boat because I know the cost to insure and maintain a status symbol!