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I recall a time in 1978 when we were graduate students in Boston and were down to our last $20. We needed to purchase food for the dogs before we could tend to our needs. We also had to set aside money for the subway, for we had no car. After expenses, all we could afford to eat for the rest of the week was rice and spaghetti. Although we were happy and looking forward to our future life after we completed school, our first 15 years of marriage were spent as students and paying off student loans. When we reached our mid-thirties and found real jobs we let out a sigh of relief and began to think about building our assets.
Then Bob got restless. When I signed our divorce decree, Bob's lifestyle didn't change. In fact it improved because he married a rich woman. My lifestyle returned to the one I had in my thirties - we had not been poor exactly, but we had to watch our pennies.
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I purchased conservative investment clothes, many of which I can still wear because they are not trendy. I stopped streaking my hair, and began to color it myself. My haircuts became few and far between, and I have often solicited my mother's aid in cutting an inch or so off my blunt cut. I also built a kitchenette in my walk-out basement, which has a bedroom, bath, sitting room with fireplace, and a dining area. After moving out my belongings, I rented the downstairs to relatives of friends, using the income to pay off my gas, phone, and electric bills.
I also worked nights and weekends in a second job to help me through my adjustment period. As my salary rose, I made more adjustments, quitting my night job and reinstalling cable. For a while I felt that I was leading a comfortable lifestyle again, and I was quite content despite the fact that my former opulent life was gone.
This year the stock market bottomed out and the real estate market took a dive. While I was fiscally responsible, the effects of this economic downturn have taken their toll. I will not be receiving a raise this year. (Thank God I have a job.) My brother and I are unable to rent out our investment rental house. We had purchased it four years ago, and the income it generated allowed me to go on vacation and live free of debt. Even when the roof needed replacing, and the big old oak had to be cut down, I had the cash to deal with these emergencies.
No more.
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One more matter of business: my dog Cody. Our entire family is flying to my niece's destination wedding. Today, I designated a good friend as Cody' protector. Before I leave I will notify the vet and Cody's kennel that Jim will adopt him should anything happen to me and my family. What a sobering thought. But now that I have taken care of the most important little being in my life, I can breathe another sigh of relief.
I've taken care of current business. What's next? I shudder to think.