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Re: Middle Class [Re: gcs] #8267727
11/21/24 07:33 PM
11/21/24 07:33 PM
Joined: Mar 2020
W NY
Turtledale Offline
trapper
Turtledale  Offline
trapper

Joined: Mar 2020
W NY
Originally Posted by gcs
Sounds about right for here....though you'd be struggling at the 52 level...

I'm lower than that and I'm fine. It's all how you live


NYSTA, NTA, FTA, life member Erie county trappers assn.,life member Catt.county trappers
Re: Middle Class [Re: WI Outdoors] #8267737
11/21/24 07:49 PM
11/21/24 07:49 PM
Joined: Feb 2020
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Indiana
Originally Posted by WI Outdoors
Originally Posted by 3togo
This gives more importance to teaching kids starting to work to invest as much of their income as possible, as soon as they have enough to open an account.

Decades if growth are the best possibility to retire before 80 years old.

I'd rather have lots of real-estate to be honest.



Takes a chunk of money to buy. real-estate. While your saving up better invest it in something with a return so it's working for you.

Re: Middle Class [Re: Turtledale] #8267745
11/21/24 08:01 PM
11/21/24 08:01 PM
Joined: Feb 2020
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Indiana
Originally Posted by Turtledale
Originally Posted by gcs
Sounds about right for here....though you'd be struggling at the 52 level...

I'm lower than that and I'm fine. It's all how you live



I told my wife a year or so back that when I was an Ironworker Apprentice at 13.65 we always got by even with layoffs I off set with tree work and even had one year on the books I only made 19 k and never made more than 65k after topping out. And back then I had a life hunted, fished, did things with friends. Today well I'm making more per year than I ever though possible. Already 2x over my best year Iron working. Yes, I have a paid off farm and rental property, nice savings and investing as much as I can for retirement. BUT I don't have much of a life always at work, only hunt and fish with the kids and only have a few friends I never do anything with. I THINK I WAS HAPPIER when I was broke and struggling.

She pointed out we didn't have kids back then the kids are expensive and also things cost a lot more now and she is right. I also was not thinking about retirement at all and is why I'm trying to make up for that blunder saving more now.


Last edited by Providence Farm; 11/21/24 10:42 PM.
Re: Middle Class [Re: HobbieTrapper] #8267963
11/21/24 10:38 PM
11/21/24 10:38 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Armpit, ak
I think i may have been a member of the officially recognized middle class 3 or 4 years total in my entire adult life. If most of my adult life was spent in poverty. I woujdn't have known it if the government wouldn't have classified it as poverty.


Who is John Galt?
Re: Middle Class [Re: HobbieTrapper] #8269136
11/23/24 07:26 AM
11/23/24 07:26 AM
Joined: Dec 2013
Flint Hills, KS
J
jht Offline
trapper
jht  Offline
trapper
J

Joined: Dec 2013
Flint Hills, KS
Saw this in the news headlines and thought it was relevant to this conversation.

https://www.axios.com/2024/11/22/boomers-gen-z-millennials-financial-success

I must be out of touch with reality. All of those numbers look high to me, but the Gen Z amount looks insane. I figured if a guy could stay (mostly) debt free and off of government assistance, that’d be pretty successful.

Re: Middle Class [Re: jht] #8269215
11/23/24 10:42 AM
11/23/24 10:42 AM
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline OP
"Chippendale Trapper"
HobbieTrapper  Offline OP
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
Originally Posted by jht
Saw this in the news headlines and thought it was relevant to this conversation.

https://www.axios.com/2024/11/22/boomers-gen-z-millennials-financial-success

I must be out of touch with reality. All of those numbers look high to me, but the Gen Z amount looks insane. I figured if a guy could stay (mostly) debt free and off of government assistance, that’d be pretty successful.


That does seem extreme. I suppose it is possible though. One of my kids is making 75k/yr at 33. I was way past that before I was making that kind of money. The youngest is about to graduate college with a degree in Computer Science & Software Engineering, he’ll probably do okay.


-Goofy
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