That's my plan for the lake cabin. Build it when I retire and put it on a 30 year plan. Kids can pay it of lol.

Who am I kidding I'm too cheap.

Not everyone has the same definition of "enjoyment"

It only makes sense that the oldest generation has the most wealth,,,

Nearing the end of a life of working(hopefully accumulating)

Without looking,,, I’ll bet the average numbers aren’t even close to being able to sustain themselves

And most people are likely below average,,

It’s a purposeful failure of the education system

The push for more socialism will only grow,,, government debts will only increase,,,, the currencies will be further debased,,,, asset prices will be artificially inflated even more/ever increasing

Interest rates will never again be high enough to actually reward savers,,,

If they were ever high enough to reward savers,,,,,?

The cost to service the debt would be too great

The money is broken

Holy Crap when you put it like that... I work with Engineers just starting out getting married having kids that rent appartments.

Economy in the future doesn't look to rosy to me. What do I know though? Just another trapper with little education.

It’s actually not all doom’n’gloom,,,

Especially for younger folks,,, with time on their side

Hard work and actually understanding how money works,,,,

An individual can do very well, and not rely on the government

Capitalism is still alive and well

Understanding how money actually works is key(sound money/scarce assets/etc)

If a person is banking on government to take care of them,,,,the future isn’t very bright

People want gizmos and gadgets and disposable society, and they want them all right now. Have short attention span, no clear goals or long term plan on how to get there.

The general population is incredibly ignorant and easily controled. . The government is made up of and chosen by that same population and reflects it. A good % of the population is as successful and financially responsible as the government is.

And the sad part is how all those people act whan others are successful and have long term plans and put off purchases and save for them and drive 20 year old vehicals and work a lot . Its best just not to share your plans and success when you hit mile stones. People wont be happy for you they will get defensive and hateful.

The same people look at the nice spread and successful people and think it must be nice. They are seeing the accumulation of decades of hard work savings and delayed gratification to make investment and start business. They dont see the work and choices it took to get there. And it didn't happen over night.

My plans have been drastically changed. Even the most poor Americancs live better then 80% of the world's population. To them we are all rich.. so its a lot to do with perspective. And back to a post I made some time back.

What's rich? 1million net worth, 10 million more or less? Thats personal and depends on the lifestyle you crave not the one you have.

For me personally rich is not necessarily a #. O I thought it was at one time. But that was before I realized you can hit a # you never thought possible and still be broke when it comes to cash flow. And then there are also moving goal post.

Rich to me means your basic living expences are covered by investment, pension , ss or any other means of passave income you get not having to activity work for it. Freeing you up to do what you want and having the option of choice. If you have a low cost lifestyle and are content and happy with it requires much less income to achieve.

Wealthy is a completely different level.

If your healthy your rich even if your hundreds of thousands in debt and $1 in your pocket and just lost everything. That you can recover and build from . When your health goes its a different equation.

What you have and you want. My wife and I retired 4 years ago, and our life style did not change from where we were when we were working. That is a goal of many. It also depends on your lifestyle. We do not live the high life though living a life we are very happy with. That is what we believe the goal should be. Debt free and living within ones means.

There is need money ( food, clothing, and shelter, and healthcare that actually keeps you kicking) and then there is play money. Sounds like you want to play a bit.

Boco was right about if you start feeling you need more money in your senior years you can always get a job and add some of those new inflated dollars at those new inflated wages. I'm doing that right now.

Let's just take this 1.6 million I need to retire when I'm 65. If I did not even make any investment income in 16 years or have pension money coming in, I could spend $100,000 a year until I was 81 years old. I have never spent $100, 000 a year or even half that. Why would I need 1.6 million dollars to retire at 65?