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Buying a much bigger house
(D. Gerasimatos) wrote in message ...
In article ,
Mary Shafer wrote:
I am happy things worked out well for you. Personally, I think it doesn't
make a lot of sense to wait until retirement to "live it up". You may never
get there and if you do you may be too old or sick to do some of the things
you wanted to do when you were younger. Who wants to work for 60 years
to have 10 years of fun?
C'mon, if anyone has to work 60 years in order to enjoy 10 fun years
of retirement, he/she has made some terrible decisions during those 60
years. If you save & invest & budget wisely, you only need to work 20
years MAX, then you can live it up for 40 years. I had the means to
retire after 8 years of working although I chose to keep working a
little longer because it meant I could afford a nicer lifestyle in
retirement. I plan to retire after 11 years of working.
The book that stirred this discussion has excellent tips, although you
only need to read a couple of chapters. The rest of the book is
redundant.
Save & invest, then enjoy the compounding. Don't bother with retarded
4% CDs and MM's until much later. If you work for someone else it's
especially important to invest. My salary was never extraordinary; it
was the savings and investments that did all the work (and stock
options helped too  . Buy a used car equivalent to 2 weeks salary.
The $30k you save on that car can become $125k in 10 years. I drove
the ****tiest cars for many years before upgrading. Your average 17
y/o flipping burgers at McDonalds probably owned a nicer one than I
did.
It's all about deferred gratification. Unfortunately, most people want
instant gratification, that's why they have to work 30-50 years.
Mark
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