That link is totally horrifying mostly because the author claims to accept the blame while giving several reasons why living on the edge isn't really his fault!
I don't own a Tesla yet... one of the reasons is that I actually have retirement savings. I could purchase a Model X with every bell and whistle cash next month by cashing in my retirement. Looking at the Author sending his kids to private school and living in the Hampton's "year round like a poor person" and complaining that it is the economies fault that he has no retirement or vacations... WTF is wrong with people?
I understand low income people having trouble making ends meet, it sucks not having a good reliable job. But the idea that people with
good jobs can't come up with $400 at the drop of a hat, and couldn't come up with $1000 in a months time is mind blowing to me. Having a months income or more in my savings account is the "norm" for me... if I get down to a months income in my savings I take a look to see if it is due to "unexpected but planned for" items (car repair, new tires, appliance repair/replacement, home repair, medical expense) or if the depletion is due to frivolous spending. On the "big end" of dealing with the unexpected, after a decade of steady saving I have access to over a years income with a months notice. I didn't have that when I first started working a "real" job after getting out of the Navy, but I had a "comfortable" amount in retirement funds after only a few years of working.
Yes, I have credit card debt, mortgage and car payment... credit card debt is going down steadily and when I pay off stupid purchases from my miss-managed youth they will reach and stay at zero. Just like purchasing a Model X I could be debt free (including house payment) by cashing in my savings... but I live well and am paying the credit debt off as is, so no need to screw my future for increased disposable income now. It makes me ill to think of the money I wasted on stupid stuff when I was young... I traded in cars like they were toys, and spent unholy amounts of money making fast cars even faster. I don't regret the car modification hobby but the trading in cars every couple years was a wasted drain on income. I grew out of this behavior... is the rest of the country stuck in adolescence?
Anyway, this is probably way off topic and I have no idea if there is an appropriate place for it on these forums.
Moderator, if you delete this I understand, if you move this please PM me where it goes
Keith