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Started By
Message
re: Let's talk retirement money. Or lack thereof.
Posted on 6/17/26 at 7:35 pm to Daygo85
Posted on 6/17/26 at 7:35 pm to Daygo85
They are living in the moment.
Years or decades later, they then complain and hate on people like Elon Musk and anyone who lives great but works little. They only see the end result not the journey.
I am watching the news today and see several interviews with people 70 years old+ shoveling sandbags at a public sandbag distribution center. I can't imagine shoveling/throwing sandbags around at 70 to protect my house. If I am voluntarily living somewhere where I need public sandbags, and need to do it all myself, then I made wrong decisions in life.
Those 70 somethings bought the fancy truck every 5-7 years when they had their youth.
Years or decades later, they then complain and hate on people like Elon Musk and anyone who lives great but works little. They only see the end result not the journey.
I am watching the news today and see several interviews with people 70 years old+ shoveling sandbags at a public sandbag distribution center. I can't imagine shoveling/throwing sandbags around at 70 to protect my house. If I am voluntarily living somewhere where I need public sandbags, and need to do it all myself, then I made wrong decisions in life.
Those 70 somethings bought the fancy truck every 5-7 years when they had their youth.
1
Posted on 6/17/26 at 7:53 pm to Mariner
Let me add this. There are many people making $60k a year and also drive old vehicles. Life happens, decisions are made and not all are bad or made from ignorance. In my case, we chose to have my wife stay home and homeschool our kids all the way through high school. Buying a new car was not even discussed. I participated in 401k as much as possible and we lived within our budget. Both are grown now and one is living on her own and the other starts law school this fall. I’m definitely behind on retirement but I’m making it up as well as I can. I’m making much more now. I’m 55 and my wife just finished her degree at Auburn (life happens) and will join the workforce. I would not change the decision if given the chance. I’ll keep driving my ‘02 Chevy until the wheels fall off, then buy more wheels. I don’t envy anyone who makes or has more money. There is no virtue in wealth or poverty as far as I’m concerned.
Posted on 6/17/26 at 8:35 pm to Bamafig
Good point. You are living the dream and have a fulfilled life with your children. Now you and your spouse have turned attention on each other’s well being. Hats off to that.
This post was edited on 6/17/26 at 8:36 pm
Posted on 6/17/26 at 9:23 pm to TheOcean
quote:
9k is what we spend as a family each month for everything
I spent a lot less when I lived in BR.
Mortage BR $2800 Spring TX $6700.
I probably spend 15k a month total spend for my wife and I each month.
Posted on 6/17/26 at 10:02 pm to Daygo85
quote:
Can someone explain to me why a person making around $60,000 a year would buy an $80,000 truck
84 month financing, baw. My note's very reasonable.
Posted on 6/17/26 at 10:20 pm to jfw3535
I've been told that's what old dudes do. They'll reach retirement and finance their boats 10-15yrs. If they die, the bank can have at it. A low end bass boat now is 50K+ minimum.
Posted on 6/17/26 at 11:39 pm to Bamafig
quote:
we chose to have my wife stay home and homeschool our kids all the way through high school.
This is investing at a whole other level! Sounds like it has / know it will pay off big time!
My wife was SAH Mom. That decision was taken during dating years. Huge sacrifice (she was HS Valedictorian / University Medal Winner at LSU). She is one who should have entered Corp world!
But as I type, the dividends and fruits from her sacrifice and our decision for our family are flowing in (visiting the kids and seeing their lives take shape as well the deep relationships between each of us (but her in particular).
Great decision by you and your wife. May the dividends / fruits flow your way as well. Sounds like that is the case.
Posted on 6/17/26 at 11:52 pm to djrunner
quote:
I let my assets work for me.
This!!!
quote:
I don't understand the ones that live check to check and own nice things but I think I has to do with me having better parenting than they did.
I think many people get their rocks off on showing up like they have arrived in life by having nice things, oblivious to having wealth.
This does not mean sacrificing everything today for tomorrow. It’s about balance. I know the ones you are speaking to. Some make $$$ and they spend $$$$$. “Affluence” for some is like a drug. And quite a few of them are far from wealthy.
Posted on 6/17/26 at 11:57 pm to Rize
quote:
I couldn’t imagine saving everything I make.
Neither could I. We lived, on avg, 80% of our means. Blessed to have enjoyed nice compensation.
Most of portfolio today came from living closer to 90-95% of means the 1st 15 years of career and compounding interest did its magic vs the 2nd 15 years of career when income was 4-6X what it was early career.
Take advantage of time value early and often and can live great lifestyle and have financial independence early, as well. Little ‘s’ sacrifice required.
This post was edited on 6/18/26 at 12:05 am
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