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Hell yeah, I'll take a ride on that train. Just need to throw in lots of mountain biking and 2 or 3 episodes of Archer each week. Now if I could only get someone else to pay for my two daughters, my mortgage and my wifes Saphora and Ulta habit.
So what is your point? That OPs lifestyle is doable for low income earners but a decent retirement is not?
Or are you just trying to argue to argue?
And PS...50% of the population is not the majority
What is your point? You came up with the figures of 50% of retirement age people have < $100k in savings to live off of. WHY is that? Is that enough? How can you help change that? What advice can you give? What amount is enough for Joe Blow living in Middle America? How does it relate here?
What is your point? You came up with the figures of 50% of retirement age people have < $100k in savings to live off of. WHY is that? Is that enough? How can you help change that? What advice can you give? What amount is enough for Joe Blow living in Middle America? How does it relate here?
p.s. I think I read somewhere 50.1%
Quote:
Originally Posted by Brudha
How many of these same people will end up with less than an average of $100k net worth at age 60 after playing the game?
I guess you have confused me then....what is the point of this question? My assumption was that you were saying that a person would be better off doing what OP proposes than working his/her entire life with nothing to show for it.
My point was there are far more people that will work from 20-60 and have over 100k in net worth than there are people that will be able to do what OP proposes.
Middle America Job Blow may not retire with 100k in his account (we don't know that, depends on what he spends money on, how much he makes, etc.), but I bet he has a much better chance of retiring with 100k in his account at 60 than he does at 25, speaking of probabilities of course
You have completely shifted the focus of this thread, congrats!
Again, why did you change your restrictive cost-of-living?
WHY do most 60 y.o. have less than $100k?
WHY don't 25 y.o. have a paid off house/car? WHY is it expected to enter into a 30 or even 40 year amortization schedule for loan repayment?
WHY are they in college and assuming long term debt along the way?
These are the more important questions to get answers on.
WHY???!!!
Quote:
Originally Posted by Brudha
Notice I stated the expense side. Never said anything about the net profit. One can still increase income. I assume he chose to increase income, which is fine. My point is in the expenses. I believe the OP is talking expenses also.
Reduce the damn expenses, start as early as possible, get control of your life, and the probability of a better outcome is increased exponentially.
Evidently this topic is too subjective and obtuse. Probably best to leave it alone and let life just happen randomly...
Evidently this topic is too subjective and obtuse.
No it's because there are ways to achieve exactly what you're preaching about without resorting to basically living off the grid like the OP's method, with its side-dish of disdain for those who might enjoy a career (and what it brings) as part of their life experience.
You've also been unable to hide your disdain for people who work hard while you tout your "cut your expenses" mantra. A good mantra nonetheless.
my goal has always been to live better when we pull the plug then we did during our working years.
with no more scrimping and saving to be done instead of going down our retirement budget has been going up.
i always looked at retirement as the culmination point of meeting our goals.
like i said you give almost anyone regardless of lifestyle an extra 500k or million bucks they will easily spend it and enjoy it . our plan was to try to capture and incorporate a bit of that wild fun spending into our budget. both for us ,our kids and our grandkids.
Half the battle is not what you do, but the philosophy you have.
I'll let those up and coming people in their 20s and 30s figure out the how for themselves.
Right, there is no blueprint and asking for one is disingenuous.
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