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I could live for a while on $170,000 but I think maybe half went for taxes and debt.
I can empathize a bit as when I was young I spent money (credit) I couldn't afford as did most people I knew. Today I know several people earning $100k plus annually whose debt is still mounting and who are approaching retirement without even a modest nest egg. Stupid IMO but I am not them so what do I know about why etc. And I can say without a doubt, that if I had been more sensible with money when I was young, just sensible, I would probably be pretty well off now instead of just doing okay. Hindsight is a bitch.
Her story actually made me feel a bit bad for her and it does seem like she is trying to take responsibility now.
Helen
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