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Re: Retirement. [Re: coonman220] #7033629
10/31/20 01:40 PM
10/31/20 01:40 PM
Joined: Jan 2007
Posts: 2,705
Northern Nevada, 31 yrs old
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Bob Offline
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Bob  Offline
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Joined: Jan 2007
Posts: 2,705
Northern Nevada, 31 yrs old
Even if a person can only save 1% of their income, itís a place to start. If a person works hard they wonít be at that 12$ an hour job for long. The key then is not to increase lifestyle with every raise. Thatís where most people screw up. Thereís people out there who have become millionaires on a 40k salary, then thereís people who make 150k and are living paycheck to paycheck.


"I have two guns, one for each of ya."
Re: Retirement. [Re: hippie] #7033630
10/31/20 01:40 PM
10/31/20 01:40 PM
Joined: Apr 2013
Posts: 1,505
Suffolk new york
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Miley Offline
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Miley  Offline
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Joined: Apr 2013
Posts: 1,505
Suffolk new york
Originally Posted by hippie
To save 15% of my 12 buck an hour jobs when I was starting out, I'd have had to move back in with my parents.

Reality is, a major portion of people can't save 5% and start a family in today's world.

I hear ya brother, anything u can contribute early will have a a effect on the back end. Just get it started...

Re: Retirement. [Re: Miley] #7033633
10/31/20 01:43 PM
10/31/20 01:43 PM
Joined: Feb 2010
Posts: 11,603
pa
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hippie Offline
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hippie  Offline
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Joined: Feb 2010
Posts: 11,603
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Originally Posted by Miley
Originally Posted by hippie
To save 15% of my 12 buck an hour jobs when I was starting out, I'd have had to move back in with my parents.

Reality is, a major portion of people can't save 5% and start a family in today's world.

I hear ya brother, anything u can contribute early will have a a effect on the back end. Just get it started...


Yep, every little bit helps.

Re: Retirement. [Re: hippie] #7033639
10/31/20 02:00 PM
10/31/20 02:00 PM
Joined: Nov 2012
Posts: 361
midland, michigan
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midlander Offline
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midlander  Offline
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Joined: Nov 2012
Posts: 361
midland, michigan
Originally Posted by hippie
To save 15% of my 12 buck an hour jobs when I was starting out, I'd have had to move back in with my parents.

Reality is, a major portion of people can't save 5% and start a family in today's world.


Too many people starting families these days that cant afford to....well, unless they plan for the gubment to pay for it.

Re: Retirement. [Re: midlander] #7033646
10/31/20 02:07 PM
10/31/20 02:07 PM
Joined: Feb 2010
Posts: 11,603
pa
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hippie Offline
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Posts: 11,603
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Originally Posted by midlander
Originally Posted by hippie
To save 15% of my 12 buck an hour jobs when I was starting out, I'd have had to move back in with my parents.

Reality is, a major portion of people can't save 5% and start a family in today's world.


Too many people starting families these days that cant afford to....well, unless they plan for the gubment to pay for it.


Paying for their family and saving a set amount (while starting a family) are two different things.

Like I said, preaching what is good for your situation as gospel is short minded. Some people put every dollar into their business, some were born rich, some are having a bad run of luck. Save? Yes, if you can and still have a life worth living. After all is considered, I agree some can't afford to.

Last edited by hippie; 10/31/20 02:09 PM.
Re: Retirement. [Re: coonman220] #7033654
10/31/20 02:21 PM
10/31/20 02:21 PM
Joined: Aug 2017
Posts: 4,512
La Vernia & Dallas TX
Mark June Offline
trapper
Mark June  Offline
trapper

Joined: Aug 2017
Posts: 4,512
La Vernia & Dallas TX
You would think if 6% of the world's population consumed 60% of the world's goods and services, there might be some gravy for "most."

Our kids live well but 4 outta the 5 live above how their mom and I were: raised and lived. Today's Joneses are way worse than our day's Joneses it seems. None of them drive clunkers. All have a mortgage young. Money is cheap and has been all their decades so in they dive.

None of our children were raised with the concept of student debt being the Baal of gods, but two of our kids married others with 6 figure loans. Wow. Still paying into their mid-30's (to the government) is nothing we had to worry about.

The stock market and the ability to own land, and own a business has been the greatest economic engine the world has ever known. That's why the 6% has the 60%.
Stocks have risk (not much). Owning land has upsides and downsides. Owning a biz takes risk and work, work, work.
Most don't care for risk or the work of owning your own biz.

Donna and I did all three of these plans and we've been blessed.
Do none of them at your own peril I'd say.

Blessings,
Mark


Dallas Theological Seminary
https://www.dts.edu
https://www.markjuneslures.com/
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Re: Retirement. [Re: Mark June] #7033746
10/31/20 04:57 PM
10/31/20 04:57 PM
Joined: Dec 2006
Posts: 7,952
East-Central Wisconsin
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bblwi Offline
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Joined: Dec 2006
Posts: 7,952
East-Central Wisconsin
Find a career you are qualified for and enjoy and stay the course. The same with finding a solid home and staying put. For investments We have mostly done the same. We hold most of the funds and securities today that we did 25 years ago or more. Sure we have added a few or sold some for losses to lower our capital gains etc. This is what worked for our family as we inherited no wealth and we had one income for all but 7 years out of our 50 years of marriage. For others options and choices may very well be far different. The goal is to know what you want and need for the future and plan how to do that and manage the heck out of the income you spend. It is amazing what even average returns can do for you when you commit monthly to investing and let it build for 50 years.

Bryce

Re: Retirement. [Re: coonman220] #7034363
11/01/20 06:32 AM
11/01/20 06:32 AM
Joined: Oct 2010
Posts: 585
Alabama
2ndjoborfun Offline
trapper
2ndjoborfun  Offline
trapper

Joined: Oct 2010
Posts: 585
Alabama
Work from can to can't - Then check your holdings. Sorry folks, easier for me & I try to enjoy each & every day!
2nd


ďIn God is our trust!Ē And the star-span-gled ban-ner in tri-umph shall wave Oíer the land of the free and the home of the brave!
Francis Key
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