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0 pointsConsultant324528y ago0 comments

>it's safer to get closer to the line with a stable income than an unstable one.

No, it means you've failed to accurately assess what the "line" even is.

>Otherwise, it seems your advice is "live within your means", "spend less than you make" and "save for rainy days". Thanks, dad.

No, my advice was a specific set of principles and practices laid out within Ramsey's book which could help you to overcome the problems in your life that you were discussing. I was not promoting useless platitudes.

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3 comments · 1 top-level

abalashov8y ago· 2 in thread

My point was that with greater volatility, a smaller portion of income remains sufficiently consistent, and thus the line will be lower and the budget will be smaller.

Consultant32452OP8y ago

I don't think you would feel that way if you actually read the book and followed a real written budget. I know this because I've lived it myself. The only difference between variable income and static income is gauging the size of your emergency fund. Otherwise, your budget is identical.

abalashov8y ago

Yes, but maintaining a bigger emergency fund implies spending less in other categories. :-)

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