This will be a little different post for me but thought it is shows why so many people are in financial trouble right now. My wife, Tracy, is a former teacher and now stay-at-home mom to our two young daughters – Ava, age 7, and Ella, 4. The highest annual salary I have earned as a teacher is a little over $41,000. Despite this, Tracy has been a full-time stay-at-home mom 6 out of the last 7 school years (she worked part-time one of those years). Even though we don’t make a large salary, we have no debt except our mortgage, have an emergency fund in place, invest each month for our retirement and our daughters’ future college expenses and basically live a wealthy live on a moderate income.
Due to this success, Tracy and I were recently interviewed for a story on MSN.com titled “How To Live Well on $40,000 or Less.” This story’s author interviewed another couple as well and was trying to help others and give them real-life examples of people that are doing well financially despite not making a lot of money. Well, from the comments this story received, you would have thought this was an offensive and mean-spirited article. Here is a sampling of some of these comments:
40k is not much money! They must be on welfare. Why work, became a Taker, sit on your rear watching Oprah and make the equivalent of 70 k. Goodbye
No, no, no. These people are not living like anyone I grew up with. They are dumpster divers who are raising their children on other people’s trash. Living frugally is very do-able, but NOT at $40K for four people.
I’m going to guess that the Kofkes and Magais also rely on the government for their healthcare – aka: our tax dollars. They also must rely on hardship monies for their children’s school fees which are intended for families who are in true need, not those who choose to live off the generosity of others. And then they have the audacity to buy a 50″ HDTV and use 10% of their net income to pay for cable?!
What are you saving 100 bucks a month for your kids education for? To learn how to make Ketchup? I thought the American dream was to provide a “better” life for ones kids? What you are doing is indoctrinating them into a life of glorified poverty and teaching them to “enjoy” it. Nope, teachers along with everyone else don’t need a pension, SS and medicare benefits when they retire. All they need is a page out of your play book. Sounds great, more money for me! Please pass the ketchup!
I agree with Steve…there’s a lot of holes in these budgets. Apparently these idiots are driving around uninsured.
This is crazy. The article was “How to Live Well on $40,000.” I know that everyone’s perspective is different but making your own food and ketchup is not my idea of living well. And date night is a sub from the grocery store? That would get old in a long term marriage.
It seems that some of these readers know more about me and my family than I do! I did not realize that I am on welfare, I sit on my rear and watch Oprah, I am a dumpster diver living on someone else’s trash, I rely on government alone to pay for my healthcare, I am indoctrinating my children into a life of glorified poverty and teaching them to enjoy it and am an idiot driving around uninsured.
The sad thing is I cannot say I was too surprised at some of these comments. It seems like many people would rather bring others down than learn something and better themselves. I know that my family’s situation is different than others but this article was meant to give various tips that could hopefully help those that are struggling. We can all come up with reasons on why we cannot do something. Until we start trying to learn from our mistakes and change our behavior I am afraid many will experience tough times for years to come.
Visit MSN.com to read the article: How To Live Well on $40,000 or Less. Perhaps you have a positive story similar to Danny’s or you’re facing challenges of getting by on less income. Danny’s story is an inspiration in that you don’t have to make a lot of money to be wealthy or accomplish financial goals such as saving and investing. Do you have a success story or questions for Danny? If so, please share them in the comments section. We’re looking for positive comments and questions, unlike some of the discussion on MSN.com :(. As a policy, we don’t care for negative comments here.