Quote:
Originally Posted by chuck22b
How nice it must be to have been in the workforce that long to have been able to save up years of savings. For those who have only been in the workforce for only a few years... good luck. We're the ones most likely going to be laid off... and we're the ones with the least amount of time to save up a support net.
Although we've saved up a meager six month emergency fund... we haven't had nearly enough years in the workforce to accumulate years of savings. I wish those who have only had a few years of work under their belts the best of luck. What's there to look down upon? We just haven't had as much time as you to prepare/save.
-chuck22b
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Hi chuck22b,
In my earlier years I lived cheap and I mean real cheap. I had a regular corporate IT job and live in a small apartment worth free utilities and cable that was 12% of my gross. When I traveled young, I camped. Youth its it own source of wealth and I knew I could take anything. I had very quickly put myself in a position to last for years, early on due to low expenses and later on due to savings.
I do tend to notice and I remember in particular on a JOSB board someone making fun of someone who sold off a 100 shares or so of JOSB and another remarked mockingly "heavy hitter". It was probably 3k worth of stock. I also noticed the age of that person was 54. 250k for someone under 30 is loaded. 250k for someone who is 54 I consider broke. Using conservative doubling 250k under 30 is over 1 million in one's 50s. Again, I just wince at statically looking at these things.
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