Suze Orman vs. Mr. Money Mustache – a tale of two shoes

The following is a post from my wife.purple shoes

In 2008 when I first started working for myself as an independent contractor, I went from a decent salary to a very decent salary almost accidentally.  I had just left a terrible work situation that put a dent in my self-confidence and was feeling shell-shocked*.  I was fortunate to return to work at a former employer to help with a merger project.  It took a few weeks for me to get back to my normal rhythm but I did eventually.  Better yet, I began receiving some nice pay checks.

In the early weeks of my new job I was still feeling the sting to my self-confidence left by my former employer so I partook in a classic American pastime:  retail therapy.  On one of my work trips to Chicago, I came upon a pair of fantastic $600 shoes at Nordstrom’s.  I became obsessed with these shoes.  I needed to have them.  They would prove that I’d made it.  They would prove that I was worthy**.  So I bought them.

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Staying Away From the Joneses

 

Google Glass
Google Glass

This is another post from Mrs. Buck who is proposing an app that I think would sell like hotcakes to our community.  Any Google Glass developers want to sign up for this one?

We’ve been living in our house for 8 years now.  I consider our neighborhood pretty nice, although far from fancy.  The homes are plenty large enough to raise a family.  Sizes range from 1,600 to 2,600 square feet, come equipped with 3 or 4 bedrooms, and are typically priced from $210K to $350K.  We’ve been here long enough to notice an interesting trend. Many young couples stay in our neighborhood for about 5 years, then leave to “upgrade” their homes.  It’s made me wonder if we should be doing the same thing.

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Unexpectedly on the Podium

This is the inaugural post of my wife, Mrs. Buck.

This Spring I ran in a 5K race with some friends.  I should clarify that I’m not really a runner.  In fact, my high school soccer coach would joke that I was at the top of the sprint matrix, top of the bottom that is.  I like to stay fit and running short distances is my quick and inexpensive form of exercise.  I don’t train with a watch, so I have no clear understanding of my pace.

Come race day, I set out to pace myself with a friend who expected to run 9 ½ minute miles.  This seemed like an okay pace to me.  Within the first quarter-mile one of my shoelaces came undone, I had to stop and tie it while my friend continued.  Once I started running again, I felt as though I needed to pick up my pace in order to make up for lost time.  I ended up maintaining this faster pace for the rest of the race.

Podium

It was not until later that evening while I was reviewing race results online that I found out that I finished 3rd for my gender and age group.  Yes, there were more than 3 people in this grouping…in fact there were 35 others.  It turns out that I was running at an 8 ½ minute mile pace.  Better yet, a few weeks after the race I received an actual bronze medal in the mail – a lovely and unexpected surprise!

I’ve come to realize that this race is a fair analogy to our family’s approach to saving and financial independence.

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