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How do you deal with the thought of having to work for 40+ years and then when/if you retire, you're too old to do much? (lemmy.world)

submitted 9 months ago by return2ozma@lemmy.world to c/asklemmy@lemmy.world

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There has to be a better system than this.

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[-] JustMy2c@lemm.ee 10 points 9 months ago* (last edited 9 months ago)

I got out!

Rented out my apt to others and the tiny difference to my advantage was enough to sustain myself in south America (working a bit and or volunteer or living in free housing(my ex's)

I now got some more money (sold the apt) and do holiday rentals here, but even without that it's just few hundred per month for food and going out, maybe 95$ extra for social local Healthcare (for 2!)

Don't ever think you need to be a millionaire to get out. Government guaranteed bonds pay 9.5% per year.

So each 10k usd you put in a guaranteed usd account = 87$ free money each month. Need 50k for bit over 400$/mo which is the local minimum wage. 100% government guaranteed (if you split in 2 banks)

this post was submitted on 30 Jan 2024

147 points (96.8% liked)

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