We Save 90% Of Our Income! Is That Healthy?

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[liveslisa]

I liked your comment about when you knock off one stress factor, then you find a new thing to stress you out, because that's what you are used to. My father told me that my great-grandmother would say to her husband, my great-grandfather, "George, don't you worry about anything?" And he would answer, "May, you worry enough for the both of us." I still smile when I think about that. I tend to be a worrier. I try to curb it by putting my worry into perspective and usually find my worrying is blown out of proportion. So I dial it back and tell myself I don't have to worry like that anymore. If I'm still anxious, I count my blessings and it always brings me back to center every single time.

[rayb]

If you can live off 10% on a regular bases I don't see a problem with it.

[Ciaurrix]

Can't ever go back. I'm like the guy that called in. Been that way for 7 years. No debt but I can't stop thinking about that vulnerability. Never again.

[s_Toy_Box]

I did Cross Country Truck driving for a few years and Lived out of the Semi Truck the company had me drive, because I really wanted to save up and buy a house. I think I saved about 90% of my paycheck because I didn't have an apartment or a Car.

[striperkid]

I can see how this can happen. As you go on saving, your goals get higher. When you thought $150k savings were enough and you get there, then you're thinking so on, and so on.

[bclayton]

This was the easiest opportunity to ask how much they make, and the hosts never took it.

[OopThereItIs]

Some of y’all are saying Delony makes every call about psych & you don’t even realize EVERY call is about psych; there is always a reason about why we act the way we do.

This guy was thankful. He even said John was hitting it on the head with what points he was making. Clearly John’s wisdom & 2 PhD helped. John is an excellent addition to the team & has been. Love the psychology of these calls! He’s helping people long term

[fhuber]

Well.. it's a sign they might need some counseling.

Step 7 is learning to enjoy your success. Maintaining a lifestyle within your income and showing generosity to others (which could be monetary generosity or just giving good advice, so they can have similar success.)

[thejakelegion]

Thank you for cutting right into the call and not wasting time with the intro. We appreciate that. Do that more!

[ElliottPiano]

in really good months i save 60%+ and i love it

[jhford]

"I run a marathon every day. Should I stop?" Lol

[fauxbro]

Dude. These hosts didnt even ask how much they make a month

[amimrie]

imagine being able to live on 10% of your income

[appendix-qk]

I used to do this for many years but as I’ve gotten older I realize that I don’t need to spent large sums of $ on materialistic items to stay content.

[zimmermanlandscape]

Have you ever considered saving 94%. I’ve found that helps

[rachelm]

The comments are harsh. The caller didn't ask a purely financial question. He stated his problems were "how to live a little" and "how to give a little." He said he felt "fear" and "guilt" about doing so *before* John Delony started asking about his childhood and anxiety. If he makes average physician salary of 265k then he's living on 26.5k which is the poverty line for a family of 4.
Commenters are annoyed by the psychology angle. Psychology around money is a factor. Dave hired Delony, so he must believe there's value. Even Dave calls poor financial habits a behavior problem, not a money problem. Usually it's overspending and loss of control, but it can be the opposite.
Hope this caller felt he received the advice he needed and is able to live a little.

[CurieBohr]

He didn’t even let the called finish talking and he went right in to psychoanalyzing the caller. Not a fan of this behavior at all.

[guyrose]

I currently save 80% of my income, I was saving 90-95% and not giving myself any freedom.
I live at home as it’s just my mother and I, which is how I’m able to save so much.
As I already have a very nice savings behind me, I’ve forced myself to save less and also save for fun and travel so I can do it more frequently.
So I do 50% of my income into my savings, I have a 5k emergency fund in my bank, once it hits 6k I transfer the 1k over into stocks and invest it.
I then do 15% into a travel saving account and 15% into a fun account! Travel can be used for short trips but I’m currently saying to visit my friend in London! Fun is mainly for bday presents, grand dinners, tickets to anything and jewellery as I love jewellery and it’s something I also invest in.
With this method I am able to feel less restricted whilst still hitting goals, I am debt free and already have money behind and it’s taken me a long time to feel comfortable spending again especially in these times.

[eprofessio]

I’m surprised to see a Dr. John segment were John didn’t drunkenly accuse the spouse of abusing the other and create a dangerous situation live on air where there was nothing going on except some life coaching.

[markg]

Saving alot is fine if the plan is for retiring early or for some other goal. If your life is absolutely miserable saving 90% then back it down to a point thats still letting you to enjoy life and save alot for your goal.