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179

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

submitted 4 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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[–] vane@lemmy.world 0 points 3 days ago* (last edited 3 days ago) (1 children)

I tell you something about investing. If enough people invest there is thing called TV that they can make announcement and push indexes down by 50% in an hour and let them go back in 10 years so from your 100 bucks you will have 50 bucks and from your 4 dollars you will have 2 dollars per year. That saying you saved your 500 thousands in let's say 10 years now work 5 more years to go back to 500 thousand because you just lost 250k in an hour. You stand no chance when they want slaves. Million is for pussies they fuck everyday.

[–] gusgalarnyk@lemmy.world 2 points 3 days ago (1 children)

It seems you've been scorned from treating investing as gambling and I'm sorry to hear that but that's not how this works. Yes, markets can go down and you can lose money but:

this is a hypothetical which doesn't care about real market considerations
you can and should average your retirement investing against a conservative figure so in boom years you're underspending and in bust years you're still covered

This is all calculatable. The problem is we're all paying for some jackass's yacht when we should be paying for community rail and affordable housing.

[–] vane@lemmy.world 0 points 3 days ago

You're dreaming or selling ? Retirement investment is Ponzi scheme. If you think there will be more and more people every year in your country look up birth rates. You know what is Kondratiev wave ? There is no real market right now, go make something and see how much it's worth and for how much billionaire owned companies are selling it and why they don't pay taxes.