I know it's not healthy to compare yourself to others. I know, I know.
TC and I watched the Suze Orman show on Saturday evening and ended up feeling thoroughly depressed about our financial state. It's not that we are destitute. It's not that we go without food, shelter, clothing (goodness I don't go without clothing). It's just that when people are calling in to ask if they can afford a $35,000/year nanny and Suze Orman says, "Show me the money girl." And then it is revealed that the nanny-wanter has a combined income of $20,000/month I started to feel very, very poor. I know it's poor form to share how much you make, but I'm going to reveal something to you all: I don't make $20,000 a month. Sad, I know.
So it's not that I want to hire a nanny, and it's not that I wish my expenses were less than 40% of my monthly income, and it's not that I wish I had nearly $250,000 in retirement income, it's just that I want to call Suze and ask her if I can afford something, maybe like a new sewing machine, or loads of bias tape and lace. But I think she would tell me to put more money away for retirement, and that I should have some money in investments. And that I shouldn't spend inordinate amounts of money on fabric. *sigh*
Thanks a lot Suze for crushing my whole world.
Can I Afford It? - CNBC.com