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Living the XBox Life on an Atari Income

Nintendo GameCube Silver.
Image via Wikipedia

At some point, everyone has “champagne wishes and caviar dreams.” Over the last 25 years, we’ve even been peddled the “you can have it all” myth from every direction, including the media and the government.

The truth is simple: you cannot have it all.  You can have anything, but you can’t have everything.  In order to have one thing, you have to give up something else.  It’s a law of nature.   If you have $5, you can either get a burger or an overpriced cup of coffee, but not both.

“But wait!” you shout, rudely interrupting the narrator, “I have a credit card. I can have both!”

Wrong.

And stop interrupting me.

If you have $5 and borrow $5 to get some coffee to go with your burger, you will eventually have to pay that money back with interest.  You will have to give up a future-burger AND a flavor shot in your overpriced coffee.

Everything you buy needs to be paid for, some day.

If you have an Atari income, but insist on living the XBox life, you will wake up one day, buried in bills, forced to live the Commodore-64 life out of sheer desperation.

There is a solution.

Don’t get all XBox-y until you are making XBox money. That way, you’ll never have to worry about going broke tomorrow paying for the fun you had yesterday.

Even when you have an XBox income, ideally you’ll restrict yourself to living a Gamecube life, so you’ll be able to put some money aside to support future-you instead of constantly having to worry about your next paycheck.

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3 Worst Things About Being Financially Responsible

Sexy Lingerie

Everybody talks about all of the wonderful things that happen when you’re saving money and being responsible.   I know I do.   It’s true, good things do happen.    There’s really nothing like the feeling that you’re suddenly not living paycheck to paycheck.

But what about the other side of the coin?   What sucks about staying in the black?

1.  You have to make choices.   When you’re living on credit, you can buy a car, charge an expensive dinner every week, and go on vacation.   If you’re not spending real money, then who cares?   When you’re living for real, you have to prioritize.   Do you buy groceries or video games?   Do you buy sexy lingerie or a fancy dinner?   Braces or college?   You’re given a lot of choices, but you can only pick the ones you can actually afford.

2.   You’re no longer the Joneses other people are trying to keep up with.   The guy down the street, with the fancy car, big screen TV, and artificially perfect noses on his teenagers?  You’re not him, anymore, but that’s okay, because he’s financing his lifestyle 9.9% at a time.  Yes, a bit of incoming envy can give you a warm, tingly feeling, but it doesn’t put food on the table.

3.  It’s boring.   Taking a trip in a fast car and picking up an entourage for a 10-day party is fun.   Balancing your checkbook and spending 6 months saving up for your kid’s braces is not.   If you’ve been living like a rockstar, rolling back to a responsible standard of living is going to come as a shock, but it’s better than suddenly running out of money and having your world come crashing down around you.

Being responsible comes with a lot of downside, but it’s all superficial.   The benefits are real, and long-lasting.  What’s the worst thing you’ve had to deal with by being responsible?

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