Agree a lot can’t spare it. Getting to 15% is pretty tough. You can do the math though and see that even 10% will likely make it tough to maintain your current lifestyle with inflation accounted for in the absence of active cash flow. Don’t forget when you have more leisure time you are more likely to find things to spend on and also reserves for health issues / other surprises is important too. Sorry to sound like a dad / investment advisor, but I don’t think it’s a ploy so much as the terrifying reality that most of us are under prepared for.
People need to start living well below their means, not right at them. Anyone whos lifestyle becomes tough to maintain from putting away just 10% of their income and lives from paycheck to paycheck needs to re-evaluate their living and financial conditions. Either learn to live with less/spend less or go somewhere with cheaper cost of living.
Its not that hard if you never go into debt, don’t pay rent, and live minimally. Which I do admit most people are either unwilling or unable to do those things given their life circumstances and responsibilities. God help the ones that signed up for 30 years of mortgage payments at 15% interest tfor that 500,000$ poorly constructed 2 story 1 bath suburbanite home or an ever increasing 1500$ rent each month to some landlord.
Agree a lot can’t spare it. Getting to 15% is pretty tough. You can do the math though and see that even 10% will likely make it tough to maintain your current lifestyle with inflation accounted for in the absence of active cash flow. Don’t forget when you have more leisure time you are more likely to find things to spend on and also reserves for health issues / other surprises is important too. Sorry to sound like a dad / investment advisor, but I don’t think it’s a ploy so much as the terrifying reality that most of us are under prepared for.
People need to start living well below their means, not right at them. Anyone whos lifestyle becomes tough to maintain from putting away just 10% of their income and lives from paycheck to paycheck needs to re-evaluate their living and financial conditions. Either learn to live with less/spend less or go somewhere with cheaper cost of living.
Its not that hard if you never go into debt, don’t pay rent, and live minimally. Which I do admit most people are either unwilling or unable to do those things given their life circumstances and responsibilities. God help the ones that signed up for 30 years of mortgage payments at 15% interest tfor that 500,000$ poorly constructed 2 story 1 bath suburbanite home or an ever increasing 1500$ rent each month to some landlord.