Quote:
Originally Posted by kr4l
I see what you're saying but doesn't that defeat the purpose of what we call "investing". Isn't the point of investing your hard earned money a gamble to actually try to MAKE money. If I invest 50% of my take home for 17 years and am able to retire as long as my spending is pretty much exactly the same as it was for those 17 years a terrible way to live life? you're basically just putting the 50% away to use after 17 years. I guess I always thought investing was to put it into something to hopefully come out on top and make a good chunk of change with the possibility of losing it as well.
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you have totally lost me on this one.
you take home 100 a year, let's say.
you spend 50 a year on living, invest 50.
in 17 years, you can spend 50 per year forever (forever is a stretch, but its not too far away from the truth).
not sure how that's not coming out ahead. it's not like you're just putting away 50 today to spend 50 tomorrow, you're investing today and compounding growth to have enough to live your same life today forever without working.
and as others have said, retirement doesn't mean doing nothing, it means not having to work, travelling, starting your own business as you now don't need to work 9-5, consulting on the side, whatever the fuck you want - this is called freedom.