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Old 10-06-2017, 12:21 PM
 
71,811 posts, read 71,896,917 times
Reputation: 49370

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as i say all the time , simple answers to complex questions are usually the wrong answers
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Old 10-06-2017, 12:26 PM
 
Location: Forests of Maine
30,704 posts, read 49,495,894 times
Reputation: 19151
Quote:
Originally Posted by southkakkatlantan View Post
So retired people without jobs are takers....?
Anyone who has contributed into SS for 40-quarters has paid into the system more than enough to pay for any benefit they get back.

Retirees are contributors.
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Old 10-06-2017, 05:48 PM
 
Location: Atlanta
3,213 posts, read 3,205,319 times
Reputation: 2041
Quote:
Originally Posted by Submariner View Post
Anyone who has contributed into SS for 40-quarters has paid into the system more than enough to pay for any benefit they get back.

Retirees are contributors.
Ok.


So what about someone who stops working full time at age 30 and lives off of income they've saved/invested? Are they contributors?
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Old 10-06-2017, 05:52 PM
 
Location: Denver CO
21,210 posts, read 11,826,310 times
Reputation: 32223
Quote:
Originally Posted by southkakkatlantan View Post
Ok.


So what about someone who stops working full time at age 30 and lives off of income they've saved/invested? Are they contributors?
they might be but this guy isn't, or at least wasn't. As I posted upthread, when I had read some of the blog, they talked about things such as going out for restaurant meals as long as someone else was paying, but never reciprocating because they didn't believe in paying for restaurants, just eating at them on someone else's dime.

That's called being a taker.
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Old 10-06-2017, 05:55 PM
 
Location: Forests of Maine
30,704 posts, read 49,495,894 times
Reputation: 19151
Quote:
Originally Posted by southkakkatlantan View Post
Ok.

So what about someone who stops working full time at age 30 and lives off of income they've saved/invested? Are they contributors?
It is my understanding that people need to pay 40-quarters into their account for it to be qualified to pay-out a benefit.

If you started paying into your SS account at age 16, then at age 26 you would have completed 40 quarterly contributions into your SS account. You could possibly stop making contributions at age 30, and when you reach the 'full retirement age' at 66 you would be eligible.
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Old 10-06-2017, 08:04 PM
 
33 posts, read 15,031 times
Reputation: 92
Quote:
Originally Posted by Perryinva View Post
If THATS the most important information he has, Iím glad I never wasted much time on it. Therenis nothing new there at all. Save as much as possible while spending as little as possible? Thats life changing??!! Iíve never wanted to live on as little as possible, and donít embrace that work hard to spend nothing lifestyle. Iíve never seen work as evil, prefer to see myself as a contributor not a taker. Yawn. Move along... nothing to see here.
Yeah, he's kind of stating the freakin obvious. I also thought his registration questions were a real turn off when it forces you to read through his site to figure out where his family resides. Ego?
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Old 10-06-2017, 08:15 PM
 
33 posts, read 15,031 times
Reputation: 92
Quote:
Originally Posted by xsocal View Post
He does live off savings; he doesn't have to work. So he is financially independent. Whether he is retired is a matter of semantics.
I love how mr. money mustache pontificates his only "retired" lifestyle if you save like him. He is far from retired and I'm sure he is working harder than 95% of the people on this forum. Ask the good people at city-data how much work it is to moderate and maintain a forum. He's preaching something that he doesn't practice.
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Old 10-06-2017, 11:05 PM
 
439 posts, read 200,072 times
Reputation: 344
Mr Money Mustache hardly moderates his forum.

There is nothing to moderate, no one argues over there

And when they do, people just get over it

It's just another income stream

He probably works part time but that's about it
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Old 10-07-2017, 03:01 AM
 
71,811 posts, read 71,896,917 times
Reputation: 49370
no one argues ? are you kidding . i can't tell you how many times i got put in time out by the mods when i posted there responding to so many nasty posters . i don't post there anymore just because they are so argumentative
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Old 10-07-2017, 04:39 AM
 
Location: Mount Airy, Maryland
10,484 posts, read 5,944,584 times
Reputation: 16194
Quote:
Originally Posted by emm74 View Post
they might be but this guy isn't, or at least wasn't. As I posted upthread, when I had read some of the blog, they talked about things such as going out for restaurant meals as long as someone else was paying, but never reciprocating because they didn't believe in paying for restaurants, just eating at them on someone else's dime.

That's called being a taker.
Did he really say that? The more I read of this guy the more he appears to be a clown.
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