Retirement

Never understood that mentality myself. It was quite weird when I was living in Germany to see how all 100k eu++ cars were driven by 70yo+ grandmas or grandpas, they go hard at work and just buy all the shit they ever wanted when old, but it's not like you can enjoy a 500 hp Porsche at that age.

Taking risks while you have no family and people that are dependant on you is vital to enjoying life imo, speaking as someone that did the exact opposite for the majority of his life. And I'm not saying you should spend all your money on a fast car or develop a drug addiction, but rather tell the little voice in your head that you're safe and it will all be fine and do that thing out of your comfort zone. Few years back I used to mock Vaynerchuk for constantly giving 'You will die' as motivation to do things, now I completely understand him.

I think those people are outnumbered 100:1 by the people that don't understand investment and compounding interest. Most people think "would I rather spend this $10k now in my 20s and have fun or have this $10k for when I get older." When really it's "should I spend this $10k now in my 20s and have fun or have $100k when I get older."

But yes this basically describes my parents. My Dad retired at 55 from a middle-class blue collar job and my mom was a stay-at-home mom and they raised 4 kids. We never went on vacation, we rarely ever ate out, all of our clothes/shoes were bought used from garage/yard sales, etc.

Personally I am a little bit of both. I still comparison shop everything, I'm not above using coupons, I try to get the best deals on everything, etc. At the same time about half my expenditures is on travel, I go on a trip about once a month, I'll spend a few hundred on a nice meal whenever I feel like it, etc. Although the main difference is my girlfriend and I are DINKing it up and our salaries put us in the top few percent of household income

On December 02 2021 11:11 Spitfiree wrote: Never understood that mentality myself. It was quite weird when I was living in Germany to see how all 100k eu++ cars were driven by 70yo+ grandmas or grandpas, they go hard at work and just buy all the shit they ever wanted when old, but it's not like you can enjoy a 500 hp Porsche at that age. Taking risks while you have no family and people that are dependant on you is vital to enjoying life imo, speaking as someone that did the exact opposite for the majority of his life. And I'm not saying you should spend all your money on a fast car or develop a drug addiction, but rather tell the little voice in your head that you're safe and it will all be fine and do that thing out of your comfort zone. Few years back I used to mock Vaynerchuk for constantly giving 'You will die' as motivation to do things, now I completely understand him.

Yeah, no family or people dependent is the most important facet but I think age is too. I had a lot more energy, and almost a good version of naivete when I was younger. Hell, I am one of the ones that took some big shots that did not work out and that can have a more negative impact on ones' life more so than one might think.

Indeed, we will die. I am not sure that means I should borrow money to bet on BTC or try to start my own company. I think for most people the 30s, 40s, and 50s are major grind years. Hopefully, the only joy isn't finding a new green tea we like at Costco. What is that quote?

"Most men live lives of quiet desperation."

I used to laugh at this quote and now I am in the most men category. I am not sure what I can do to get out of this predicament. Sail boating around the Mediterranean would be one I can imagine.

On December 02 2021 13:04 blackjacki2 wrote: I think those people are outnumbered 100:1 by the people that don't understand investment and compounding interest. Most people think "would I rather spend this $10k now in my 20s and have fun or have this $10k for when I get older." When really it's "should I spend this $10k now in my 20s and have fun or have $100k when I get older." But yes this basically describes my parents. My Dad retired at 55 from a middle-class blue collar job and my mom was a stay-at-home mom and they raised 4 kids. We never went on vacation, we rarely ever ate out, all of our clothes/shoes were bought used from garage/yard sales, etc. Personally I am a little bit of both. I still comparison shop everything, I'm not above using coupons, I try to get the best deals on everything, etc. At the same time about half my expenditures is on travel, I go on a trip about once a month, I'll spend a few hundred on a nice meal whenever I feel like it, etc. Although the main difference is my girlfriend and I are DINKing it up and our salaries put us in the top few percent of household income

There are compounding interest in things that are not money. Social skills would be one.

Coupons lol. How much time do you spend on that?

I used to think travel was like the thing. The perfect experience to spend money on. I've learned with a nice enough social sphere going out somewhere and socializing is a thing. If I had money I'd certainly be traveling more though that is for sure.

Are you going to stay no kids?

Having kids is the fastest way to jump into the quiet desperation category imo no matter what anyone says to the contrary.

I think retiring at 55 will be a figment of the past for the majority of our generation. Luckily overseas living is still very cheap comparatively these days. You can live pretty damn well on 1500-2000$ a month in a place like Playa Del Carmen or Phuket. Where would you wanna live Rik?

I don't know where I want to live but it probably won't be Cheap, Asia.

That's too bad man, there's a ton of places with fantastic qualities of life that are really cheap. I found some near-oceanfront hotels for about 10$ per night, with having this at your doorstep maybe a 2-minute walk away. You don't have to have a ton of cash to really enjoy yourself. This was in Thailand.

I’m retired at 34 lol, I mean I still “work” but it’s on my terms. I just collect passive income n live a minimalist life style.