Well, on a more serious note, Dave Ramsey has good advice on getting out of debt. I'm not sure about his investing advice. He claims you can get a long term 12% return in the stock market, which is total bs.I was kind of hoping this would be a serious talk thread...
Nah I accidentally tried it once and it messed me up big time, had to go to the hospital multiple times etc. It's terrible stuff and no wonder it is schedule 1.That's legal there now, so you don't have to worry about that either.
That's too bad. I know some people who use it medicinally, legitimately, and it has worked wonders for them. I guess it depends on the person.Nah I accidentally tried it once and it messed me up big time, had to go to the hospital multiple times etc. It's terrible stuff and no wonder it is schedule 1.
Yeah it sucks when it gives you a series of panic attacks and causes anxiety disorder. I got disability due to that triggering stuff but at least it is under control now.That's too bad. I know some people who use it medicinally, legitimately, and it has worked wonders for them. I guess it depends on the person.
I am approaching retirement in 4-5 years. My wife and I are lucky in that we have worked for the same employers for 30ish years. This will allow us to retire quite comfortably. Everything paid off. Nothing I know about retirement works in your system. The easy answer is you need to make more money if you wish to retire comfortably (its also the stupid answer). The $2 million figure isn't far off, but my retirement planner actually told me $3 million. You have to assume if you are a couple and both of you reach 60 years old that one of you will live to 90. Its a matter of figuring out how much you need to spend each year and then saving that before you retire. We have a real crisis in the US in that most people at 50 years of age have less than $100K saved for retirement. That means they will be depending on Social Security and that is a crap shoot.Retirement fills my mind almost every day of my life. I'm really tired of working my ass off and I really don't want to be doing this for the rest of my life only to settle into a "retirement" where I STILL have to work for a lower quality of life.
I play around with FIRECalc (https://www.firecalc.com/) regularly to see what kind of retirement fund I'd need to maintain a given quality of life and the results are always disappointing.
Right now I'm looking at a required $2,000,000 tucked away to sustain a $50k/yr income over 30 years (inflation accounted for) with a buffer for accidents and medical emergencies/age-related things. That's not a whole lot of money to live off of if you're paying city rent, so I'd probably have to move to the country or something. That's also less than my current salary, which is a bummer since my regular payments for medical issues (normal ones, not extraordinary ones) will no doubt go up.
The worst part is that I don't have a significant fraction of that already tucked away, so as a savings goal, it seems pretty unrealistic.
If I scale back in terms of savings goals to see what I could realistically have tucked away at my current salary, the picture gets even more depressing...
I know people in their late 30s who've thought about this even less than I have and are tens of thousands of dollars in credit card debt -- it just blows my mind.
People here seem to think that pension will take care of them, but the Japanese pension system pays out roughly $7k/yr -- maybe enough to cover a year's rent in a modest apartment out in the country.
I dunno, it's just all depressing to think about, but the numbers don't lie.
On top of this, buying things when they're popular and then selling when they're less popular is not a winning strategy.With regards to the market: it’s not timing the market....it’s time in the market.
I know I've got to be in the top 5....I thought I could be number one, but I've seen that not the case...I think...I wana retire by 45... hopefully that's doable lol.....
anyway, who are the older farts here?
If I didn't love it, I would not have done it 30 years. BUT, everyone deserves their Island retirement. I've served my time. All good dogs go to heaven.If you,love what you do, it’s not work.
Not enough people really like what they do. This is sad, because we spend so much of our lives working.
I am really lucky because I love what I do. Sure, there are hassles and problems that come up, better days and worse days, but after more than 25 years, I like it more than ever.
Damn...I thought it was "All dogs go to heaven"...If I didn't love it, I would not have done it 30 years. BUT, everyone deserves their Island retirement. I've served my time. All good dogs go to heaven.