Ask Lemmy

34368 readers

1360 users here now

A Fediverse community for open-ended, thought provoking questions

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

6) No US Politics.

Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online

Reminder: The terms of service apply here too.

Partnered Communities:

Logo design credit goes to: tubbadu

founded 2 years ago

MODERATORS

Bluetreefrog@lemmy.world

TheSaneWriter@lemm.ee

Asudox@lemmy.world

lemmy_bot@lemmy.world

beefbaby182@lemmy.world

ModeratorCan@lemmy.world

neidu3@sh.itjust.works

asudox@lemmy.asudox.dev

candyman337@lemmy.world

candyman337@sh.itjust.works

178

Would you retire at 30 and live frugally? (lemmy.world)

submitted 3 days ago by MTK@lemmy.world to c/asklemmy@lemmy.world

145 comments fedilink hide all child comments

If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

you are viewing a single comment's thread
view the rest of the comments

[–] LordCrom@lemmy.world 8 points 3 days ago (1 children)

If I could retire now I would. But living in the US is expensive and gets more expensive every year. From real estate taxes or rent, from insurance, from cost of food, from basic utilities like electric, heat, gas... Neverind if you want a hobby, or a vacation, or Any leisure activities.....

Every time I leave my house it costs me $100 no matter what I am doing.

There's no way I would have enough money to retire comfortably.

[–] Schlemmy@lemmy.ml 4 points 3 days ago (1 children)

You don't need to buy new shoes every time you go for a walk, you know?

[–] LordCrom@lemmy.world 1 points 3 days ago

Funny enough, the money never seems to be spent on stuff for me.