I have saved nearly six figures..

I am in 30s and have saved nearly six figures. Does not include my retirement account. With that said, I'm sure for many it's a bragging right. For me, it's meh. I love that I have this much in my account. It's nice but I can say that it's no different feeling than having 50k in the  account. You're not more happier. You're not more content. You're not more _____.

Basically, you're still the same person as when you had 30k or 40k. I'm saying all of this to make a point. Money doesn't bring ALL the happiness like people assume. It does bring a lot of happiness, though. I'm able to donate, help a friend in need, tip a waiter generously, pay bills on time, and use my time sparingly because I'm not trying to play catch up on bills or savings. 

It's nice to be able to accomplish something big like this as young as I am. In the next 3 years, I'm not sure what my bank account will look like. I know without a doubt, much fuller. I guess that just means, more time to help those in need, give generously, donate, and be a little more content. The more I give, the more free I feel. 馃憤

19replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • Orchid Screwdiver (28481e21a073) said:
    The more I give, the more free I feel.

     馃憜馃徎 For me, this is the best feeling too! Thanks for sharing!

    Like 2
  • Great work! And yes, it does feel good to give.  I never feel bitter about leaving a larger tip or contributing to a cause I believe in. I just figure it's one of the best ways I can use my money, do it with a good heart. 

    Like 1
      • Icecream mochi
      • Debt free excluding mortgage
      • Orchid_Screwdiver_28481
      • 2 yrs ago
      • Reported - view

      Magic Penny well said! I feel the same! 

      Like
  • Money doesn't bring happiness. it brings security. The two are somewhat linked but no synonymous.

    Like 8
      • Icecream mochi
      • Debt free excluding mortgage
      • Orchid_Screwdiver_28481
      • 2 yrs ago
      • Reported - view

      nolesrule it brings me happiness. I guess you can speak for yourself. 

      Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 yrs ago
      • 1
      • Reported - view

       

      Like 1
      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 3
      • Reported - view

      nolesrule 

      I agree wholeheartedly on the security/happiness comment.  As much as I'd like to agree  with a vision of skipping through daisies and life being so much more than just monetary assets,  I do remember in very stark clarity just how awful daily life was and how desperately unhappy I was when I had no money, no job, my funds were running out, I couldn't afford to renew my car insurance, and Christmas was coming. I'm not trying to paint a picture of Dickens-like poverty, but I was becoming fairly desperate by our first-world societal values.

      Does having a networth of $100K make me happier? Yep. You bet it does!  Because it eliminated want,  worry, stress, and crippling fear from my life.  But once fear and want were eliminated from my daily dose of reality, does an increase in net worth contribute to my happiness? Hmmm.  Sorry. I got to say, "Yes". At the risk of coming off as shallow in this discussion, it does do that by the simple virtue of providing me with a sense of accomplishment and satisfaction as I create the security I know I will need and use in my senior years.

      Like 3
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 yrs ago
      • 3
      • Reported - view

      There's diminishing returns on the happiness money can provide. Once you have the foundation taken care of, the happiness comes from what you can do with the additional money, not the money itself. It's not the money that you think about.

      I get happiness from watching the numbers on a spreadsheet, but that's disconnected from their actual "value". It's more gamification than anything else.

      Like 3
      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 2
      • Reported - view

      nolesrule 

      Agreed.  I do get enjoyment out of playing with numbers on a spreadsheet, and of seeing the net worth number increase (staving off the path of starvation in old age).

      If I think about it, a  conversation I had with my dad recently probably illustrates my current state of contentment. We were discussing the lottery, specifically a rather large jackpot that was all the talk of the town. "What would you do if you won that much money," he asked, and we talked about it, both listing off a handful of things we would immediately do, for others. For both of us the list was entirely about giving to worthy causes. Neither of us brought up a single thing we would buy for ourselves. Now, I am a renter. A person might have thought that the first thing on my list would be to buy a house. No. It didn't occur to me.

      I guess what it boils down to is that I am very content in my current life and lifestyle.

      Like 2
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 yrs ago
      • 2
      • Reported - view

      I want to add that this is more of a meta conversation and not intended to belittle the OP's accomplishment. Saving 6 figures is a heck of an accomplishment. Keep it up!

      Like 2
      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 1
      • Reported - view

      nolesrule 

      Thanks for noting that.  I was distracted by the side-bar conversation.

      For the record, I too would not want to diminish the OP's accomplishment, which I know first hand takes deliberate effort, discipline, and dedication.  Well Done!

      Like 1
      • Icecream mochi
      • Debt free excluding mortgage
      • Orchid_Screwdiver_28481
      • 2 yrs ago
      • Reported - view

      Why are you guys blabbing about other things? This post is to share my accomplishment and how I feel. Not how you or others feel.  I hope the conversation ends here or I would have to make a new post and delete this one. 

      Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 yrs ago
      • 2
      • Reported - view

      Orchid Screwdiver (28481e21a073) 

      Orchid Screwdiver (28481e21a073) said:
      Why are you guys blabbing about other things?

       Because sometimes a conversation spurs meta-discussion. It's the nature of an open forum.

      Like 2
      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 1
      • Reported - view

      Orchid Screwdiver (28481e21a073) 

      from https://support.youneedabudget.com/t/80kmah/guidelines

      Posting in a general discussion area in the Community area of the forum will likely be taken as an invitation to discuss. I am sorry it made you feel bad, even though I am not exactly sure what you expected from other forum members when you initiated a thread. 

      Like 1
    • Orchid Screwdiver 
      I just wanted to mention that all posts within the Community and Q&A areas are open to commenting and discussion. Things might get a little off-topic from the original post, but the structure provides sub-threads so nothing is completely de-railed :)
      If you'd like to keep more of a personal log of wins/challenges you could always start a post in the Journals section and continue replying with updates. Comments are still open there, but it would be more of your own ongoing thread. Let me know if you have any questions or concerns about that.

      Like
    • Icecream mochi
    • Debt free excluding mortgage
    • Orchid_Screwdiver_28481
    • 2 yrs ago
    • Reported - view

    I needed to clarify. This almost six figures does not include retirement accounts. It鈥檚 savings and checking. 

     

    I can鈥檛 seem to edit my post. Darn. Why are the features here so weird? Couldn鈥檛  delete my old journal and now can鈥檛 edit a post? 馃槖

    Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 yrs ago
      • Reported - view

      Orchid Screwdiver (28481e21a073) You can only edit a post for a short amount of time after you submit it, and then it's locked down.

      Like
      • JoyfulSong
      • JoyfulSong
      • 2 yrs ago
      • 1
      • Reported - view

      Orchid Screwdiver (28481e21a073) 

      For the record, I picked up on the fact that your 100k was in addition to your retirement funds. 

      I kept coming back to this thread because I was interested in where the conversation would lead. I thought there would be a debate about how money sitting in  savings is losing out to inflation, but the conversation never headed in that direction. I found it interesting and insightful to read about the philosophy on security versus happiness that money brings. I'm sorry you were insulted by it. 

      Are you active on the MMM forums by any chance?

      Like 1
      • Icecream mochi
      • Debt free excluding mortgage
      • Orchid_Screwdiver_28481
      • 2 yrs ago
      • Reported - view

      JoyfulSong 

      I registered awhile back but never got involved. I do visit the website often and am part of the Facebook groups. 

      The retirement is also in the six figures. 

      Some of the savings are sitting in a  brokerage account so money is invested and growing quite nicely. 

      Thank you for asking! 

      In 2018 I鈥檓 hoping to save even more, but most of all give and donate. 

      This month alone I was able to help two single mothers one with 5 children and another with 7. Another single mom, homeless man, a struggling family, and sponsor a child. Things like that makes savings worth it and life worth living. Money brings me happiness, because giving makes me happy.  

      Like
Like7 Follow
  • 7 Likes
  • 2 yrs agoLast active
  • 19Replies
  • 2727Views
  • 6 Following