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177

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?

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[–] gusgalarnyk@lemmy.world 20 points 2 days ago (1 children)

100% I would do that but that's a bit unfair because:

I make enough money to splurge more than I need to, namely eating out, and I would happily never eat at a restaurant again if it meant I got 40 hours of my week back for the rest of my life.
I would spend the next 60 years of my life doing all the hobbies I want to do. I have stories I want to write, video games I want to make, furniture I want to craft, themed parties I want to throw, a TTRPG I'm working on, a card game (gods to make a card game before I croak!). Even if I did what I plan to do which is sell all of that at the lowest price I could (including giving as much of it away for free as possible) inevitably some of those things will make me a bit of money. Enough I'd hope to splurge into an international trip every now and then or keep my PC rig rather new.

I just don't expect to stop working in retirement, I just plan to work doing stuff I love instead of stuff that pays well.

So if anyone in the comments is a wealthy person or dying with no heirs feel free to send me enough money to retire. I would love to create things for people for the rest of my life and not worry about anything but if I could afford a thing I don't need and if my hobbies are worthy of other people's time/attention.

[–] ScoffingLizard@lemmy.dbzer0.com 10 points 2 days ago (1 children)

It is almost as if all of humanity could survive and provide for each other without psycho billionaires owning the means of production and housing!

[–] gusgalarnyk@lemmy.world 6 points 2 days ago

Ah, to own a house... Wouldn't that be neat? And imagine if it wasn't a piece of shit produced at the lowest cost possible by overworked and underpaid builders. Hell, imagine a custom house for my particular tastes!

What a world we could live in if we just taxed the rich out of existence and owned a portion of our work place.