3 ms·
It feels like you're living like a poor person so that you can later continue to live like a poor, unemployed person for the remainder of your life. It won't b
by muzani 5y ago
It feels like you're living like a poor person so that you can later continue to live like a poor, unemployed person for the remainder of your life.
It won't be the "cool" kind of retired where you're on beaches, with a nice garden and all. If you've minimised expenses, you'll be that guy with a lot of money in the bank, who's wearing tattered clothes, living in a cramped apartment, eating rice and beans every day.
It answers the question perfectly, though.
- codingdave 5y agoNo, you are reading the worst possible interpretation into what I said. You can minimize expenses by having a reasonable home and paying it off early. You can then still sell and upgrade to nicer homes as real estate markets grow. You also should buy items that will last a lifetime. Make sure your home is energy-efficient. Learn to DIY repairs. You buy good clothes because they last longer. You buy top-of-the-line computers and phones because they'll give you more years before needing to upgrade again. You buy good food to stay healthy and reduce health care costs. You spend your nest eggs when inflation rises because those energy-saving improvements to my home will cost thousands today, but save even more thousands over the next 20 years. Reducing expenses doesn't mean not spending money. It means looking deeply at the value your spending brings to your life, and doing whatever will actually reduce long-term lifetime spending.