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?

  • Vanth@reddthat.comEnglish
    9·
    3 days ago

    No, I live relatively lean already. 65% would mean cutting down to rice-and-beans type diet, no Internet, no investment into hobbies, no travel.

    Also, there’s inflation. At 30 years old I could expect to live another 40+ years. And 65% of today’s dollars is going to get less and less valuable as the years go on.

    • TankovayaDiviziya@lemmy.world
      41·
      3 days ago

      And 65% of today’s dollars is going to get less and less valuable as the years go on.

      That’s why it’s crucial to invest as early as possible. Investing outpaces the rate of inflation. I wish I had learned more about it when I was younger.

      Edit: added info