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Anything you can save while young has the biggest impact on your future fortunes and ability to retire, or retire early I think this is where we're not agreein

by chubot 9y ago

Anything you can save while young has the biggest impact on your future fortunes and ability to retire, or retire early I think this is where we're not agreeing. My point is that focusing on the upside is more important than focusing on the downside. Making more allows you to save more. I don't think retiring by cutting costs is a great goal, especially for someone with decades left to live. But you may disagree and that's OK. I don't have any interest in convincing people to move to the Bay Area! I think I'm one of the more pessimistic and conservative people in Silicon Valley, but still I believe in focusing on the upside, and I believe in a dynamic world where things that are true now won't be true in 5 years. The decision-making process that I intuit from your posts seems like more of a static model of the world. For a young person, your skillset can and must change! You can learn things that will earn you more money!

loeg 9y ago
> I think this is where we're not agreeing. My point is that focusing on the upside is more important than focusing on the downside. Making more allows you to save more. I don't think focusing on income and ignoring costs is a good approach to saving money, or life. Both are important. We can agree that focusing only on cost and ignoring income is totally foolish. > I don't think retiring by cutting costs is a great goal, especially for someone with decades left to live. The alternative is working longer to save up a bigger nest egg that can support a higher level of spending. That trade-off between working longer and lowering costs is fully a personal choice. To be clear, I'm not taking a stance on which of those choices other people "should" make. > The decision-making process that I intuit from your posts seems like more of a static model of the world. I think you're reading in something that isn't there.

by chubot 9y ago

loeg 9y ago

> I think this is where we're not agreeing. My point is that focusing on the upside is more important than focusing on the downside. Making more allows you to save more. I don't think focusing on income and ignoring costs is a good approach to saving money, or life. Both are important. We can agree that focusing only on cost and ignoring income is totally foolish. > I don't think retiring by cutting costs is a great goal, especially for someone with decades left to live. The alternative is working longer to save up a bigger nest egg that can support a higher level of spending. That trade-off between working longer and lowering costs is fully a personal choice. To be clear, I'm not taking a stance on which of those choices other people "should" make. > The decision-making process that I intuit from your posts seems like more of a static model of the world. I think you're reading in something that isn't there.