Retirement

SPEEDY MCCREADY

Get_Right said:

Live your best life Speedy. That looks fantastic.

Thanks!!
I appreciate it 
Always good to hear a positive take on things.

shecky

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Lerxst1992

Is Matt looking at this topic today?

OnWis97

Just in case...
...Please note that if you happen to be a professional drummer, the only way to live the life you want to live is to continue to drum with your current band.

Lerxst1992

OnWis97 said:

Just in case...
...Please note that if you happen to be a professional drummer, the only way to live the life you want to live is to continue to drum with your current band.

Haha I give them credit at their age. How the stones still do it is a mystery to modern science.

Get_Right

Lerxst1992 said:

Is Matt looking at this topic today?

I would guess MC has more than a few mill in the bank, maybe 100m. No he isn't looking at this tread.

SPEEDY MCCREADY

Get_Right said:

Lerxst1992 said:

Is Matt looking at this topic today?

I would guess MC has more than a few mill in the bank, maybe 100m. No he isn't looking at this tread.

Of course he's looking at my retirement thread!!!

Hahaha

Get_Right

SPEEDY MCCREADY said:

Get_Right said:

Lerxst1992 said:

Is Matt looking at this topic today?

I would guess MC has more than a few mill in the bank, maybe 100m. No he isn't looking at this tread.

Of course he's looking at my retirement thread!!!

Hahaha

He might be, but he is not worried about the cost of a hot heater heater. He probably has on demand in each of his 10 bathrooms!

brianlux

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Good advice.  Add to that: 

Learn the difference between need and want.

Practice delayed gratification.  Save up instead of paying ridiculously high credit card interest.

Purchase durable goods which generally cost more than cheap disposable crap but save you money in the long run because they need to be replaced less often, last a lot longer, and work better.

Sorry if this sounds like bragging, but I lost five years of my best working life years due to injury, neither my wife or I ever made a lot of money, and yet we live comfortably, own a modest with mortgage payments that are under $700 per month, and live a comfortable life, all because we budgeted and follow sound personal finance practices. If we can do it, most people can do it.  

Stove

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

RatherStarved

SPEEDY MCCREADY said:

Spurs14 said:

Very nice!  Looks like something I should have went with. If you don’t mind me asking, what’s the name of the apt complex?  PM if you’d rather not have it posted. 

Yeah, I’ll get it all to you by the end of the day.

Del Boca Vista! 

Get_Right

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

Poncier

RatherStarved said:

SPEEDY MCCREADY said:

Spurs14 said:

Very nice!  Looks like something I should have went with. If you don’t mind me asking, what’s the name of the apt complex?  PM if you’d rather not have it posted. 

Yeah, I’ll get it all to you by the end of the day.

Del Boca Vista! 

Speedy's eating dinner at 6 O'clock. Must be nice to have that kind of money.

Get_Right

Early bird special starts at 4pm!

Gern Blansten

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Get_Right

Gern Blansten said:

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Yes they can. They just will not do it because they would rather live in Brooklyn than Des Moines. Bad financial choice.

Gern Blansten

Get_Right said:

Gern Blansten said:

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Yes they can. They just will not do it because they would rather live in Brooklyn than Des Moines. Bad financial choice.

No, they can't. 

It's real nice to believe that people can just make choices like these and everything will be fine but that isn't the case. 

If I don't have any money how the fuck am I going to be able to move to Des Moines?

It's like telling a depressed person "oh just stop being depressed"

Get_Right

Gern Blansten said:

Get_Right said:

Gern Blansten said:

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Yes they can. They just will not do it because they would rather live in Brooklyn than Des Moines. Bad financial choice.

No, they can't. 

It's real nice to believe that people can just make choices like these and everything will be fine but that isn't the case. 

If I don't have any money how the fuck am I going to be able to move to Des Moines?

It's like telling a depressed person "oh just stop being depressed"

You control your life. Especially now with all the remote jobs. Not saying you will be happy as a person, that may take some work independent of your location or occupation. But trust me when I tell you that the most comfortable and happy people I know in their 60s found a way to save. They are not all wealthy, but lived within their means and now have something to show for it. No not a cure for mental health, but a suggestion for financial health. Which can make it easier to deal with mental health. 

Gern Blansten

Get_Right said:

Gern Blansten said:

Get_Right said:

Gern Blansten said:

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Yes they can. They just will not do it because they would rather live in Brooklyn than Des Moines. Bad financial choice.

No, they can't. 

It's real nice to believe that people can just make choices like these and everything will be fine but that isn't the case. 

If I don't have any money how the fuck am I going to be able to move to Des Moines?

It's like telling a depressed person "oh just stop being depressed"

You control your life. Especially now with all the remote jobs. Not saying you will be happy as a person, that may take some work independent of your location or occupation. But trust me when I tell you that the most comfortable and happy people I know in their 60s found a way to save. They are not all wealthy, but lived within their means and now have something to show for it. No not a cure for mental health, but a suggestion for financial health. Which can make it easier to deal with mental health. 

Yeah I get all that.

My argument with you is suggesting that people who are just scraping by can up and move or just change jobs.

People don't save for retirement because they can barely feed themselves. God forbid their car or other transportation fails them because they don't have any money to fix it.

The last thing they have in mind is saving money because as soon as they save it they have to spend it on some unplanned repair or emergency.

Stove

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

Gern Blansten said:

Get_Right said:

Gern Blansten said:

Get_Right said:

Stove said:

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story.

Get_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another storyGet_Right said:

It is not complicated. Save some of your income. For a long time. Put some money in a 401K, IRA accounts, pensions etc. Buy real estate ahead of time. Do not look at them, just keep contributing. Same with 529s if you have kids. One day you will look and see a bounty. If my kids go to a state school, its paid for. Syracuse or Duke well that's another story

With all due respect, this is boom
privilege. You’re speaking of framework in a world that does not exist anymore. 

You are getting bad advice. It does not matter the era. If you are spending 100% of your income on rent and food, then you need to move and find a new job. I am not going to question your lifestyle. But if you cannot find 5% to save in the bank, then retirement will be many years away. Trust me when I tell you you do not want to be 65 and working. The only way to avoid that is to save. Costs have increased but the lesson remains the same. Put some of it away.

yeah not everyone can do that...

Yes they can. They just will not do it because they would rather live in Brooklyn than Des Moines. Bad financial choice.

No, they can't. 

It's real nice to believe that people can just make choices like these and everything will be fine but that isn't the case. 

If I don't have any money how the fuck am I going to be able to move to Des Moines?

It's like telling a depressed person "oh just stop being depressed"

It’s also a GOP mentally of “stop being poor” tech bro speak “make more money”. It lacks empathy it lacks perspective. And it speaks like someone who got theres and shut the door & dragged the ladder up. I would think PJ fans would be more even tempered. But even then look at the landscape of music. How you make money of music now is not how you did 10-20 years ago. Which is why the band has to tour b/c they don’t make money off streaming.