176
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Nov 2023
176 points (94.0% liked)
News
23627 readers
2506 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
And here we slowly raise the age of retirement. Though it doesn't matter much very often. My dad retired with 60 and died half a year later... What a waste. A life containing just work. He didn't even know what to do with himself in that 6 month.
I retired with 35 or so, and can't imagine working again. I got more hobbies than time and don't know the meaning of the word boredom. Would do it all over again.
I do work voluntary stuff for sick people, that is way more fulfilling and meaningful.
How did you retire at 35..? Wtf
I was self-employed right after school, did well, pay no rent. I'm fortunate. But i also don't need much except my one expensive hobby (gaming and smarthome). I'm also a cheap fuck who doesn't need big houses or fancy cars or silly branded clothes.
Also: no kids... Biggest saver.
Those hobbies don't even need to be that expensive these days either... Just stay single, or if you do find someone make absolutely sure they align with your way of life otherwise I can guarantee your hobbies will look like nothing compared to what a partner can do. And absolutely never have kids... as someone who is now 40 with both those things I honestly don't know how I will make it work even with working. I regret most of my life choices...
Oh right. Never have kids was on my list too. I have none. That alone probably saves tons of moneyz. And if I'd been single i would have saved a lot too. But a soulmate is the most precious thing to have.
But hey. Don't we all regret most, or at least many, life choices? In hindsight it's always easy to say what we could've done better or should've avoided. If we would do all things right all the time, that would be highly suspicious 😁
Same here. I'm in my early forties and retired. Small house, no kids, and we don't carry debt beyond our mortgage, which will be paid off in 3 months. Not a fancy or flashy lifestyle by any means. It's possible, it just takes sacrifice and living well below your means during your earning years.
Probably also highly depends on WHERE you live though. But still. The "living below your means" is probably hard for the most. Because we (especially we dudes) are judged by our financial status. And hence we need to appear more flashy than we actually are. Like peacocks. I've seen sooooo many people living way over their means who spend more on clothes monthly than I do on a car. And they're still poor. But poor in fancy clothes. Cars are even worse. The amount of obviously leased or heavily financed cars here is grotesque. Recently read the average (north-)American spends 1000 a month on a car. And 1/3 of those are 60days lacking in payments. Jeez. For what? Appearing richer?
https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
Ah… so I have to save 65% of my take home pay…
That’s literally impossible though lmao. 35% of my income is rent. And I already pay way below market rate in my region.
I have to more than double my income suddenly, and pray nothing becomes more expensive.
Basically what you did was something only a very small handful of people can do. It requires a decent amount of luck tbh.
Yeah, my HR representative said I should be saving 15% of my income for retirement. I can't even afford to save that much. By the time you deduct my mortgage, health care costs, food, and other necessities, I have very little left over.
Maybe I could save 15% of my salary if I lived my life without anything enjoyable. No smartphone, no streaming service (even though I'm only paying for one and don't have cable TV), nothing purchased at all to enjoy life. Just live a Spartan, barebones life. Maybe then, I could scrounge together 15% to save for retirement, but my life up to retirement would be extremely miserable.
I feel like this advice was concocted by people making much more than I make. "So, when you get your $10,000 biweekly paycheck, put 15% of it away. See? So easy!"
Saving everything from today for tomorrow can be cool tomorrow. But it also zaps the joy of today. And imagine being dead a week after retirement or super ill. You'd kill yourself out of regret. Sure, saving is good, but enjoying the ephemeral pleasures of everyday is more important. IMHO.
And even if you can afford to enjoy tomorrow, there's no guarantee that your body will let you. My parents were frugal as I was growing up - taking very few vacations. For various reasons, my father retired with very little money.
Even if he had money, though, my father's health has deteriorated. He lives about 3.5 hours drive from me and can't make that journey. For him, even an hours' drive is a lot and airplane trips are out of the question. Even if he had a decent retirement savings, he wouldn't be able to truly enjoy it.
Sorry to hear that. But yes, that chance is on the table too. Although you could be lucky to have saved much and live healthy and happy to 90. But I wouldn't exactly planning for that with confidence.
You know I'm not the same person you asked, right? Given how few people use Lemmy, if there are two of us FIRE (Financially Independent, Retire Early) folks in this thread, maybe it's more common and more feasible than you realize.
Edit (with 4 downvotes so far): wow, even the gentlest suggestion that there's a viable alternative to wage-slavery really generates the hate, huh? I sure would like to know what you folks' objections are.
What's with the hate guys? I'm only living your impossible dream and telling you that if you weren't an idiot you'd be retired at 35 too!
Who said anything about impossible? All it takes is lowering your expectations on how much stuff you can buy.
Bro I don’t buy anything. Most people don’t buy anything. They live paycheck to paycheck just covering the basics. The little I spend on not being miserable wouldn’t be even 1% enough to save to retire at 35. The only way for me to cut costs is to start squatting? Steal food from the supermarket? Idk. In Minecraft ofc.
I assume you're in the USA? Can imagine it to be a lot harder there than elsewhere. Here you wouldn't even need to work at all, as long as you're ok with the very bare mininum like rent and food and stuff. A reason why we're drowning in refugees. The more kids the merrier. Or work some hours a week and earn a lil extra with tons of spare time left.
How one could do this in the US on minimum, i can't even imagjne. Sorry bro. But we all will catch up with your dystopia sooner or later...
Man if you think the US is the hardest place to live, you truly are drowning in privilege. No offence.
And I hope you do realise that the benefits and ease you have to live life are the direct fruits of the overexploitation of the global south by your government.
No, jeez. I'm gladly not in the US. And comparing to other so called first-world-nations it's surely the worst shithole.
So yes, I do know that. And i dislike it,even though I'm benefitting from it. Like we all do from slave labour in india, china, Pakistán and wherever...
Is it okay to ask you what continent/country you live in?
Germany. And why should it not be ok to ask? :-)
Just in case it wasn't ok
Let me guess: "basics" include expenses to commute to work in a car, right?
Well, for starters, don't do that.
Let me guess, you have no idea how most people in the world live. Most people in most places can’t afford a car at all, and spend a good chunk of their money on public transport anyways.
I don't mind working even in old age as long as it is at most 6 hours per day and when it actually contributes something to society.
But yeah, hobbies are excellent way to get boredom out of life. To be honest I don't understand people who use all their free time browsing Facebook, or watching stupid TV shows.
Aye. 4-6h a day in a MEANINGFUL job or 3-4days fulltime. That'd be fine. And as productive as 5 days fulltime.
I don't understand those either. Haven't had a tv for 20yrs now. Never had an fb/tiktok/insta & co account either. But sure, after working 8-19hrs in retail, dealing with shitty assholes, I'd probably just watch tv too. No energy for anything else.