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> $450-$600/month expenses To be fair, this is probably a trade-off people in SF are already making. I know I am in NYC - if I was willing to spend an extra h

> $450-$600/month expenses To be fair, this is probably a trade-off people in SF are already making. I know I am in NYC - if I was willing to spend an extra hour/day commuting (and that's only weekday, of course), I could easily save $500/month or more on rent.

kamaal 10y ago
Lets do some more math. Lets fix that figure to something like $600/month. That is $7200/year. Over a decade that is $72,000. Say if you started when you were 21. By the time you are 46- just the savings would be $180,000. Progressively invest that in a good fund. That could mean a home right there or a 401k equivalent, Just on your travel expenses. To me, that's a decent nest egg. I don't believe the parent poster was serious when he said he'd like to spend it all because he refused to believe he would be alive in a few decades. In most cases the person would generally be alive, live long, and be poor in old age. What follows next is blaming government, youngsters, immigrants, bankers and what not for your predicament while very clearly it was your choices at work all the time. Now don't tell me spending extra time on commute is hard. Obviously it is, you don't get to an extra 401k by 46 by walking in the park.
- elgenie 10y ago
  Those numbers actually aren't too compelling. 25 years * 5 days a week * 48 working weeks a year = 6000 hours spent commuting. Assuming 8 hours sleeping and 8 hours working, those 6k translate to 375 days worth of waking hours and 750 days worth of non-work hours. Alternatively, you could devote those 6K hours entirely to working and get the equivalent of 3.125 extra working years over that time (6000 / (48 * 8 * 5) = 3.125), which should exceed a nominal $180K pretty easily.
  - kamaal 10y ago
    Makes sense if you wish to work. But most people in this thread talk of spending that time on video games.

kamaal 10y ago

Lets do some more math. Lets fix that figure to something like $600/month. That is $7200/year. Over a decade that is $72,000. Say if you started when you were 21. By the time you are 46- just the savings would be $180,000. Progressively invest that in a good fund. That could mean a home right there or a 401k equivalent, Just on your travel expenses. To me, that's a decent nest egg. I don't believe the parent poster was serious when he said he'd like to spend it all because he refused to believe he would be alive in a few decades. In most cases the person would generally be alive, live long, and be poor in old age. What follows next is blaming government, youngsters, immigrants, bankers and what not for your predicament while very clearly it was your choices at work all the time. Now don't tell me spending extra time on commute is hard. Obviously it is, you don't get to an extra 401k by 46 by walking in the park.

elgenie 10y ago
Those numbers actually aren't too compelling. 25 years * 5 days a week * 48 working weeks a year = 6000 hours spent commuting. Assuming 8 hours sleeping and 8 hours working, those 6k translate to 375 days worth of waking hours and 750 days worth of non-work hours. Alternatively, you could devote those 6K hours entirely to working and get the equivalent of 3.125 extra working years over that time (6000 / (48 * 8 * 5) = 3.125), which should exceed a nominal $180K pretty easily.
- kamaal 10y ago
  Makes sense if you wish to work. But most people in this thread talk of spending that time on video games.