4 ms·
I'm not doing FIRE but this is horrible financial advice, and some things here are simply incorrect. > Even with that consideration, the notion that 37% of peo
by theratattack 3y ago
I'm not doing FIRE but this is horrible financial advice, and some things here are simply incorrect.
> Even with that consideration, the notion that 37% of people who want to retire early haven’t started the process
37% of gen Z. I have to imagine there was some miscommunication between the author and editor since this paragraph and the one above contradict each other.
> After the newness of freedom wears off, you’re once again left with the same mental health issues that were pervasive in your previous life.
The problems of not having enough money are not just mental health issues in disguise. It's all well and good to live for today until your job is made redundant and, the rent's due.
> Retirement isn’t typically seen as a career transition, but a point after which you no longer exchange your time and labor for a paycheck.
There's a difference between working because you want to and working because you have to. It's upsetting when I go to McDonald's and there's an elderly person at the window. They're not happy. But plenty of people open restaurants when they retire and are happy.
> The only way to have joy and contentment in retirement, at any age, is to truly live your life en route.
You have to plan significantly far ahead to enjoy retirement. Not that you need to know what you'll be doing when retired, but you need to build up the resources.
I think this bewilderment at fire comes from (1) a blindness to the difficulties the financially-poor elderly face -- go to Walmart or fast food sometime you'll see what I mean (2) a lack of appreciation for the security a pension, which can't be relied upon anymore, used to provide (3) an underestimation of how volatile the jobs market will be over the next 50 years
- deleted 3y ago[deleted]
- Sohcahtoa82 3y ago> It's upsetting when I go to McDonald's and there's an elderly person at the window. They're not happy. I would agree that most of the time, this is true. Every now and then, though, there's an elderly person doing it because all their friends have passed away and they're still healthy and it's the only way to interact with people on a regular basis.