Re: Retirement.
[Re: coonman220]
#7033629
10/31/20 02:40 PM
10/31/20 02:40 PM
|
Joined: Jan 2007
Posts: 3,960 Northern Nevada
Bob
trapper
|
trapper
Joined: Jan 2007
Posts: 3,960
Northern Nevada
|
Even if a person can only save 1% of their income, it’s a place to start. If a person works hard they won’t be at that 12$ an hour job for long. The key then is not to increase lifestyle with every raise. That’s where most people screw up. There’s people out there who have become millionaires on a 40k salary, then there’s 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 02:40 PM
10/31/20 02:40 PM
|
Joined: Apr 2013
Posts: 1,619 Suffolk new york
Miley
trapper
|
trapper
Joined: Apr 2013
Posts: 1,619
Suffolk new york
|
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 02:43 PM
10/31/20 02:43 PM
|
Joined: Feb 2010
Posts: 19,719 pa
hippie
trapper
|
trapper
Joined: Feb 2010
Posts: 19,719
pa
|
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 03:00 PM
10/31/20 03:00 PM
|
Joined: Nov 2012
Posts: 1,084 midland, michigan
midlander
trapper
|
trapper
Joined: Nov 2012
Posts: 1,084
midland, michigan
|
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 03:07 PM
10/31/20 03:07 PM
|
Joined: Feb 2010
Posts: 19,719 pa
hippie
trapper
|
trapper
Joined: Feb 2010
Posts: 19,719
pa
|
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 03:09 PM.
|
|
|
Re: Retirement.
[Re: coonman220]
#7033654
10/31/20 03:21 PM
10/31/20 03:21 PM
|
Mark June
Unregistered
|
Mark June
Unregistered
|
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
|
|
|
Re: Retirement.
[Re: coonman220]
#7034363
11/01/20 07:32 AM
11/01/20 07:32 AM
|
Joined: Oct 2010
Posts: 602 Alabama
2ndjoborfun
trapper
|
trapper
Joined: Oct 2010
Posts: 602
Alabama
|
Work from can to can't - Then check your holdings. Sorry folks, easier for me & I try to enjoy each & every day! 2nd
“In God is our trust!” And the star-span-gled ban-ner in tri-umph shall wave O’er the land of the free and the home of the brave! Francis Key
|
|
|
|
|