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That's a rather theoretical argument. If you were the sole owner of the world's land, then people would probably resort to kill or capture you to redistribute t
by timdaub 5y ago
That's a rather theoretical argument. If you were the sole owner of the world's land, then people would probably resort to kill or capture you to redistribute the land.
- nly 5y agoIt's a thought experiment. Imagine you're trying to prove the relationship between your personal savings rate, and the date at which you can retire. - If I save 100% of my money now, I can retire now (because clearly I don't need money to live). - If I save 0% of my money now, I will never be able to retire (because I'll have none when I forfeit my income).
- timdaub 5y agoAgain, I think this is a rather theorerical argument. Retirement is not solely coupled to the amount of money you have. I personally have aspirations and enough money to not having to work for a few years. And still I work lots of hours to achieve certain goals that have nothing to do with increasing my money.
- nly 5y agoPerhaps financial independence is a better term. Retirement depends on FI, but FI doesn't necessarily mean retirement. FI is solely determined by the amount of valuable assets you have