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Investing - Theory, News & General • Re: What motivated you to save money?

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What motivated you to save money?

Freedom is my common theme.

When I was a kid in the 60’s, the youngest in a family of 6 kids, we had what we needed (dad had good gov job). But there was never any extra money around. As the youngest I fended for myself. When I could, I got a newspaper route and cut neighbors lawns as a 12-15 yr old and it was a sense of FREEDOM and pride to always have a few bucks in my pocket to go to concerts or to buy a nice pair of sneakers (green suede puma’s were the thing =$30). Of course mad magazine with Alfred e Neumann rebelling against society and the comic strip Richie Rich were part of my childhood heroes.
Either you are slightly younger or a rich kid! The gold standard for tennis shoes/sneakers in my neighborhood were Chuck Taylor converse all stars (high tops) $10 . Never heard of suede puma’s in the neighborhood. (In 60’s) I am sure you would have paid the price for those sneakers or been extremely fast.
63 yrs old. The chuck Taylors were 19? If I remember in the mid 70’s … the puma’s were an upgrade. I saved the $30 cutting grass. Would have taken a crow bar to get it out of my old man with 6 kids in the family! He was a civil servant in DC - I remember his salary was capped at 36K a year as a GS-13 in 1976. He had a steady paycheck we were lucky.
"is salary was capped at 36K a year "

The inflation calculator says that is equivalent to $200,000 today.
The inflation calculator is faulty as a GS-13 caps out at way below $200K today.

Statistics: Posted by Grt2bOutdoors — Sat Oct 05, 2024 9:14 pm



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