I love these articles that show "how well millenials could do if they weren't so lazy". Just make 110k a year for 15 years and save money until you have $1M ! Then maybe if you don't get ill or...
I love these articles that show "how well millenials could do if they weren't so lazy". Just make 110k a year for 15 years and save money until you have $1M ! Then maybe if you don't get ill or have an accident or if you have less than 3 kids and all of them go to "reasonably" priced universities (200k per kid is that right?) you'll be grand for sure.
Hell it's really easy to be rich in this country, for sure!
On a very, very light note, an AI bot takes a stab at the typical FIRE money diary: http://www.lawyersgunsmoneyblog.com/2018/07/9-billion-plus-toast-garlic
On a very, very light note, an AI bot takes a stab at the typical FIRE money diary:
This was fantastic It's like reading a diary of a really rich person in one of those dystopian-surrealistic worlds, sort of like the eternals in altered carbon lmao.
This was fantastic
I decide that starbucks is my favorite murder centers
It's like reading a diary of a really rich person in one of those dystopian-surrealistic worlds, sort of like the eternals in altered carbon lmao.
They mention a little bit about how lucky you need to be, but you're right - this isn't an option for most people. I suppose this movement could be about more than just early retirement. For those...
They mention a little bit about how lucky you need to be, but you're right - this isn't an option for most people. I suppose this movement could be about more than just early retirement. For those that can, it's a reminder to save more money, to live below your means.
Don't get me wrong I agree with the premise of saving money, living below our means (interesting though, in a society that needs consumerism to keep thriving, that the best personal strategy is to...
Don't get me wrong I agree with the premise of saving money, living below our means (interesting though, in a society that needs consumerism to keep thriving, that the best personal strategy is to not consume too much). And for people who can do it, great, all the more power for them.
But for a major newspaper to publish this (or many other articles, some of them about fund children who retire early and blog about it lol) it is disingenuous, and in my opinion, a dog whistle for the baby boomers and politicians to say "you see, millenials are whiny spoiled kids who want prizes for participating, it is possible to be rich!!".
I initially thought that since so many more people must earn under 100K than over it that the majority of readers of the NYT must be under that threshold. Wikipedia told me 1 million people buy...
I initially thought that since so many more people must earn under 100K than over it that the majority of readers of the NYT must be under that threshold.
Wikipedia told me 1 million people buy the NYT on Sunday and 10% of the US workforce (160 m) earn over 100k so it seems it is perfectly possible for all NYT readers to earn over 100k. Unless I'm missing something.
A lot of what you're saying seems to mirror the sentiment of the article, although the anecdotes from it are ludicrous (I hate my job so much I want to die, I'll continue to work here for another...
A lot of what you're saying seems to mirror the sentiment of the article, although the anecdotes from it are ludicrous (I hate my job so much I want to die, I'll continue to work here for another decade and then retire).
Even if you do love your job FIRE seems to make sense. You can continue to do your job part time after retiring, maybe as a freelancer.
The FIRE community (which I kinda am a part of) is based primarily on fear. We tech workers have it amazing, but we're constantly in fear of getting too old, having the wrong skills, or getting...
The FIRE community (which I kinda am a part of) is based primarily on fear. We tech workers have it amazing, but we're constantly in fear of getting too old, having the wrong skills, or getting laid off and having no income but an apartment in the bay.
I've always seen one problem with FI/RE: a lot of work in young age. Everyone has different views of course, and I prefer the idea of working less and enjoying life more while you're young. Even...
I've always seen one problem with FI/RE: a lot of work in young age.
Everyone has different views of course, and I prefer the idea of working less and enjoying life more while you're young. Even when your profession is enjoyable doing it too much can be unhealthy or cause burning out. I think a sustainable way would be moderate intensity working for as long as possible, with occasional sabbaticals. Job you like and are good at shouldn't suddenly go away.
Agreed. This is something I've been talking about with my wife and with friends. Yes, we could live miserably frugal for the next 15 years and then ... What? I wouldn't know what to do with myself...
Agreed. This is something I've been talking about with my wife and with friends. Yes, we could live miserably frugal for the next 15 years and then ... What? I wouldn't know what to do with myself after all of that.
Instead, why not live in moderation? We save as much as we can while still trying to lead a life that we enjoy. I am frugal, I think, and try to make vacations or excursions as affordable or cost sensitive as possible.
Not to mention that it's selfish. I have a buddy who makes $65k more a year than I do. He could do this, but he chooses to save a lot of it and invest like crazy, and also donate a ton of money to organizations that make the world a better place for others who don't have as much as he does. I aspire to be like him.
This is bullshit for 99% of the working people. I was reading a similar article a while back and the guy in the article received a $400000 severance package or something... That's not a normal...
This is bullshit for 99% of the working people. I was reading a similar article a while back and the guy in the article received a $400000 severance package or something... That's not a normal job.
I love these articles that show "how well millenials could do if they weren't so lazy". Just make 110k a year for 15 years and save money until you have $1M ! Then maybe if you don't get ill or have an accident or if you have less than 3 kids and all of them go to "reasonably" priced universities (200k per kid is that right?) you'll be grand for sure.
Hell it's really easy to be rich in this country, for sure!
On a very, very light note, an AI bot takes a stab at the typical FIRE money diary:
http://www.lawyersgunsmoneyblog.com/2018/07/9-billion-plus-toast-garlic
This was fantastic
It's like reading a diary of a really rich person in one of those dystopian-surrealistic worlds, sort of like the eternals in altered carbon lmao.
They mention a little bit about how lucky you need to be, but you're right - this isn't an option for most people. I suppose this movement could be about more than just early retirement. For those that can, it's a reminder to save more money, to live below your means.
Don't get me wrong I agree with the premise of saving money, living below our means (interesting though, in a society that needs consumerism to keep thriving, that the best personal strategy is to not consume too much). And for people who can do it, great, all the more power for them.
But for a major newspaper to publish this (or many other articles, some of them about fund children who retire early and blog about it lol) it is disingenuous, and in my opinion, a dog whistle for the baby boomers and politicians to say "you see, millenials are whiny spoiled kids who want prizes for participating, it is possible to be rich!!".
I initially thought that since so many more people must earn under 100K than over it that the majority of readers of the NYT must be under that threshold.
Wikipedia told me 1 million people buy the NYT on Sunday and 10% of the US workforce (160 m) earn over 100k so it seems it is perfectly possible for all NYT readers to earn over 100k. Unless I'm missing something.
A lot of what you're saying seems to mirror the sentiment of the article, although the anecdotes from it are ludicrous (I hate my job so much I want to die, I'll continue to work here for another decade and then retire).
Even if you do love your job FIRE seems to make sense. You can continue to do your job part time after retiring, maybe as a freelancer.
The FIRE community (which I kinda am a part of) is based primarily on fear. We tech workers have it amazing, but we're constantly in fear of getting too old, having the wrong skills, or getting laid off and having no income but an apartment in the bay.
This is absolute nonsense in a stagnant job market where your wages barely cover your living expenses (if that)
I've always seen one problem with FI/RE: a lot of work in young age.
Everyone has different views of course, and I prefer the idea of working less and enjoying life more while you're young. Even when your profession is enjoyable doing it too much can be unhealthy or cause burning out. I think a sustainable way would be moderate intensity working for as long as possible, with occasional sabbaticals. Job you like and are good at shouldn't suddenly go away.
Agreed. This is something I've been talking about with my wife and with friends. Yes, we could live miserably frugal for the next 15 years and then ... What? I wouldn't know what to do with myself after all of that.
Instead, why not live in moderation? We save as much as we can while still trying to lead a life that we enjoy. I am frugal, I think, and try to make vacations or excursions as affordable or cost sensitive as possible.
Not to mention that it's selfish. I have a buddy who makes $65k more a year than I do. He could do this, but he chooses to save a lot of it and invest like crazy, and also donate a ton of money to organizations that make the world a better place for others who don't have as much as he does. I aspire to be like him.
As someone moving to silicon valley soon I'll need to consider this. I don't plan to ever have children and probably make enough to pull this off.
This is bullshit for 99% of the working people. I was reading a similar article a while back and the guy in the article received a $400000 severance package or something... That's not a normal job.
What honestly helped me where the 9 simple money rules all on 1 index card. Listen to http://freakonomics.com/podcast/everything-always-wanted-know-money-afraid-ask/ and http://freakonomics.com/podcast/stupidest-thing-can-money-rebroadcast/. Well worth the listen.