Quote:
Originally Posted by 4444
the hard part is not spending all your money.
it's the whole real estate / forced savings argument all over again.
step one to financial freedom is budgeting based on %, not actual dollars.
retirement after 17 years of working is easily attained if you can invest 50% of your take home pay. most people want the new car every 3 years to keep up with the Joneses, this is why most ppl struggle. that and poor financial literacy.
live within your means, retire at 50 is totally doable for many.
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I'm 34 years old with no savings and investments whatsoever. You're saying If I dump all my money into s&p, I'll be good to go by 51?
Also, who wants to retire at 50? Every person that I've seen retire at 65 has either become a useless lemon or has developed some sort of illness from sitting on the couch doing nothing