In hindsight, I now realize that my need to proactively save and invest was rooted in a childhood scarcity belief about money, but my financial forecast almost always predicted that there would be rain.
My friend Amy mentioned that I might try a method advocated by a flamboyant Russian hairdresser we both worked for over a decade ago: no sex before you’ve gone on 10 dates or he has spent $1,000 on you.
After nearly seven years of living strictly within this budget, the Sappers have accumulated $50,000 in emergency savings, maxed out their IRAs each year, paid off their house and hit other key financial milestones.
I love my parents dearly and will always be grateful for the love they’ve shown me. That’s why lying to them about how much money I make—and resisting the urge to bail them out of the financial messes they continually find themselves in—is one of the hardest things I’ve ever had to do.