4 ms·

>> a cashier ending up as a multi millionear set for life at 55 Except that the most interesting part of life is over

greedo 7y ago
As someone at that age, I think this is completely incorrect, not to mention ageism. Dismissing the last 30% of your life as un-interesting is something I'd expect from someone without much life experience.
- account73466 7y ago
  You take it out of the context and then accuse me of pushing ageism, well done! The context is that we compare a life where i) you save one third of your income and then start to flash money when you are 55, and ii) you spend one third (or less) of your income on things that matter like finding significant other, having a family, making trips with your friends and family. You cannot avoid spending 1/3 of your income without it affecting your life style. In extreme case, one can end up becoming a millionaire no one gives a fuck about.
  - pathseeker 7y ago
    >You cannot avoid spending 1/3 of your income without it affecting your life style. Yet people live super-fulfilling lives with families making $50k annually. Find a job clearing $75k and you'll be golden.
  - greedo 7y ago
    You don't provide any context in your attempt at a wry comment, and then you compound it by not only reinforcing the ageism, but adding in classism as well. You're defining the cashier by their job/role, as well as how they spend their money on saving for retirement. Textbook classism. My anecdotal reply would be that I've made it to this golden age, I've earned far less than the average, saved more than the average, and still have a wonderful, interesting life ahead of me. I've married, raised a family, and had memorable trips with them. Your last sentence is really indicative of how you view wealth and money; for many, becoming a millionaire is about stability and being able to provide for your loved ones, not to become someone that people "give a fuck about."
    - account73466 7y ago
      >> You're defining the cashier by their job/role, as well as how they spend their money on saving for retirement. Textbook classism. I didn't talk about cashier nor I defined any role. What are you talking about? It looks like you was struggling the whole life and counted every dollar (see "I've earned far less than the average, saved more than the average"), do you manage to "to provide for your loved ones"? People rarely change, greedo.
    - Izkata 7y ago
      > I've married, raised a family, and had memorable trips with them. I think this part is their point. Even you are looking backwards at what you have done, instead of future plans, implying the younger years are the more interesting ones.
      - deleted 7y ago
        [deleted]
      - leetcrew 7y ago
        I think they're just rebutting the claim that they must not have done anything interesting/meaningful if they were able to save so much.
        account73466 7y ago
        No, that would be a stupid argument. The argument is that by saving almost all your after-basic-expenses income you postpone too many things which would be just much less interesting or cool when you are over 55. For example, traveling when you are in your 60ies and 20ies are two different things. In the latter case the cool things that you find/learn can positively impact your entire life. If you are in you 60ies it is much harder to be impacted by external things and change your habits/preferences even if you want it.
        leetcrew 7y ago
        sorry, I did not mean to make your argument into a caricature. I'm still not sure I agree though. I know this sounds lame, but I think creating a stable life with people you really care about is worth a lot more than the memories of traveling all over the world in your youth. my parents lived well below their means for most of my childhood, and they now have a stable retirement with plenty of money to go on whatever trips they want. sometimes they take me with them. as far as I can tell, they are very happy to be able to do this now with their family rather than having the memories of doing it in their twenties. something else kind of shitty to think about: the real return on a diversified portfolio over forty years is somewhere between 15x and 20x (unless something major changes in the world). $5k spent traveling at 25 could be $100k less when you're 65. depending how much you made later, this could be a meaningful amount you won't have to leave to your children or help them with their goals.
IndrekR 7y ago
> Except that the most interesting part of life is over What makes life beyond 55 uninteresting?
- account73466 7y ago
  less interesting
- deepaksurti 7y ago
  Or may be what he means is that enjoying the experiences with the money in hand (leisure, travel) might not be as good as that in the youth, typically assuming health issues due to ageing.
- rootusrootus 7y ago
  I think that depends on who you ask. People in their 20s still think people in their 50s are old.
  - hultner 7y ago
    In my world 50 isn't that old in this day and age. Most people I know at an age around 50 are healthy, active and enjoy life often even more then people in their 30s with young kids and everything else around that.
    - shantly 7y ago
      Professional (Fussell's Upper-Middle) class or higher? That's wildly different from the more Middle-and-under sorts of 50-year-olds I'm familiar with. That's the decade when they tend to start to look tired all the time (more so, I mean—that kind of "oh they're finally permanently broken" tired) and start having health issues & surgeries that seriously damage quality-of-life.
  - pc86 7y ago
    Life expectancy is somewhere roughly in the 70s-to-80s. So it's not entirely surprising that if you tell someone "statistically, I have as much remaining time to live as you've been alive" they're going to think you're old. Now if you actually step back and move the early part of life where you can't do much you can see it's much closer to middle-age than it is to death.
localhost 7y ago
One of the (few) things that I took away from Tim Ferris' 4 hour work week was his concept of "mini retirements" [1] where every few years you "retire" and do something for an extended period of time before coming back into the workforce. There are absolutely things that you can do when you are younger that you cannot (or are much more difficult) when you are older. It doesn't make then necessarily any more or less "interesting", however - that's completely up to you to decide. [1] https://www.getrichslowly.org/how-to-take-a-mini-retirement-tips-and-tricks-from-timothy-ferriss/ https://www.getrichslowly.org/how-to-take-a-mini-retirement-...

As someone at that age, I think this is completely incorrect, not to mention ageism. Dismissing the last 30% of your life as un-interesting is something I'd expect from someone without much life experience.

account73466 7y ago
You take it out of the context and then accuse me of pushing ageism, well done! The context is that we compare a life where i) you save one third of your income and then start to flash money when you are 55, and ii) you spend one third (or less) of your income on things that matter like finding significant other, having a family, making trips with your friends and family. You cannot avoid spending 1/3 of your income without it affecting your life style. In extreme case, one can end up becoming a millionaire no one gives a fuck about.
- pathseeker 7y ago
  >You cannot avoid spending 1/3 of your income without it affecting your life style. Yet people live super-fulfilling lives with families making $50k annually. Find a job clearing $75k and you'll be golden.
- greedo 7y ago
  You don't provide any context in your attempt at a wry comment, and then you compound it by not only reinforcing the ageism, but adding in classism as well. You're defining the cashier by their job/role, as well as how they spend their money on saving for retirement. Textbook classism. My anecdotal reply would be that I've made it to this golden age, I've earned far less than the average, saved more than the average, and still have a wonderful, interesting life ahead of me. I've married, raised a family, and had memorable trips with them. Your last sentence is really indicative of how you view wealth and money; for many, becoming a millionaire is about stability and being able to provide for your loved ones, not to become someone that people "give a fuck about."
  - account73466 7y ago
    >> You're defining the cashier by their job/role, as well as how they spend their money on saving for retirement. Textbook classism. I didn't talk about cashier nor I defined any role. What are you talking about? It looks like you was struggling the whole life and counted every dollar (see "I've earned far less than the average, saved more than the average"), do you manage to "to provide for your loved ones"? People rarely change, greedo.
  - Izkata 7y ago
    > I've married, raised a family, and had memorable trips with them. I think this part is their point. Even you are looking backwards at what you have done, instead of future plans, implying the younger years are the more interesting ones.
    - deleted 7y ago
      [deleted]
    - leetcrew 7y ago
      I think they're just rebutting the claim that they must not have done anything interesting/meaningful if they were able to save so much.
      - account73466 7y ago
        No, that would be a stupid argument. The argument is that by saving almost all your after-basic-expenses income you postpone too many things which would be just much less interesting or cool when you are over 55. For example, traveling when you are in your 60ies and 20ies are two different things. In the latter case the cool things that you find/learn can positively impact your entire life. If you are in you 60ies it is much harder to be impacted by external things and change your habits/preferences even if you want it.
        leetcrew 7y ago
        sorry, I did not mean to make your argument into a caricature. I'm still not sure I agree though. I know this sounds lame, but I think creating a stable life with people you really care about is worth a lot more than the memories of traveling all over the world in your youth. my parents lived well below their means for most of my childhood, and they now have a stable retirement with plenty of money to go on whatever trips they want. sometimes they take me with them. as far as I can tell, they are very happy to be able to do this now with their family rather than having the memories of doing it in their twenties. something else kind of shitty to think about: the real return on a diversified portfolio over forty years is somewhere between 15x and 20x (unless something major changes in the world). $5k spent traveling at 25 could be $100k less when you're 65. depending how much you made later, this could be a meaningful amount you won't have to leave to your children or help them with their goals.

IndrekR 7y ago

> Except that the most interesting part of life is over What makes life beyond 55 uninteresting?

account73466 7y ago
less interesting
deepaksurti 7y ago
Or may be what he means is that enjoying the experiences with the money in hand (leisure, travel) might not be as good as that in the youth, typically assuming health issues due to ageing.
rootusrootus 7y ago
I think that depends on who you ask. People in their 20s still think people in their 50s are old.
- hultner 7y ago
  In my world 50 isn't that old in this day and age. Most people I know at an age around 50 are healthy, active and enjoy life often even more then people in their 30s with young kids and everything else around that.
  - shantly 7y ago
    Professional (Fussell's Upper-Middle) class or higher? That's wildly different from the more Middle-and-under sorts of 50-year-olds I'm familiar with. That's the decade when they tend to start to look tired all the time (more so, I mean—that kind of "oh they're finally permanently broken" tired) and start having health issues & surgeries that seriously damage quality-of-life.
- pc86 7y ago
  Life expectancy is somewhere roughly in the 70s-to-80s. So it's not entirely surprising that if you tell someone "statistically, I have as much remaining time to live as you've been alive" they're going to think you're old. Now if you actually step back and move the early part of life where you can't do much you can see it's much closer to middle-age than it is to death.

localhost 7y ago

One of the (few) things that I took away from Tim Ferris' 4 hour work week was his concept of "mini retirements" [1] where every few years you "retire" and do something for an extended period of time before coming back into the workforce. There are absolutely things that you can do when you are younger that you cannot (or are much more difficult) when you are older. It doesn't make then necessarily any more or less "interesting", however - that's completely up to you to decide. [1] https://www.getrichslowly.org/how-to-take-a-mini-retirement-tips-and-tricks-from-timothy-ferriss/ https://www.getrichslowly.org/how-to-take-a-mini-retirement-...