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re: What retirement savings balance is your goal, and by what age?

Posted on 1/2/21 at 5:58 pm to
Posted by WHATDOINO
Member since Dec 2008
6519 posts
Posted on 1/2/21 at 5:58 pm to
quote:

Anybody else think they are doing good, just to come read the MT and get depressed?


This is the ot on steroids. No debt, everyone is a millionaire and pays cash for everything. Add on top of that, each poster will be retired by 55

If you actually believe any of this shite you need your head checked.

Just put up as much as you can and live life. Everything usually works out like it should plus or minus a few ups and downs that show up in LIFE.





Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35738 posts
Posted on 1/2/21 at 6:08 pm to
quote:

No debt


That’s definitely not the MT
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 1/2/21 at 6:16 pm to
quote:

No debt
Having zero debt is a financial disservice to yourself. There has never been a time in history where a bank will give you money for 2.5% interest for a home, in which you can use the money you would have otherwise spent on that to invest and get 10+% returns in todays market.

quote:

pays cash for everything.
Also doing yourself a financial disservice by hurting your credit score and not reaping the benefits of rewards programs.
Posted by lynxcat
Member since Jan 2008
24256 posts
Posted on 1/2/21 at 6:32 pm to
Posters on the MTB don’t have incentive to lie. It’s definitely a self selection of a unique slice of financial savvy individuals so the skews seem off.

Personally, I love reading about the success stories especially when a poster shared how it was achieved.
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