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"Consume less, produce less, work less, spend less" I want that. I'd love to trade money for time but the relationship seems non-linear. Working 50% as many ho
by CalRobert 3y ago
"Consume less, produce less, work less, spend less"
I want that. I'd love to trade money for time but the relationship seems non-linear. Working 50% as many hours would mean less than 50% as much pay for the most part.
- pmg102 3y agoAnother approach could be to work for 25 years at full time then 25 doing nothing, instead of 50 years part time. I've heard this approach called FIRE - financial independence, retire early.
- CalRobert 3y agoYeah, taxes make that hard where I am. Better to work part time
- pmg102 3y agoYour point about taxation which is usually progressive is well taken. It could be offset by the fact that you could invest the money from the first 25 years thus benefitting from a compound return. I don't know which has the bigger effect.
- CalRobert 3y agoVery much depends on your country and your particular tax situation, of course. The US is pretty good for FIRE (aside from dealing with health insurance). Ireland (where I live) is terrible, by comparison.
- sumek83 3y agoIMO key is the cost of shelter. In all the desirable locations with good jobs the cost of accommodation rises so much that even well earning middle class in uncertain of their future. There is a number of key services and goods everyone needs: somewhere warm to sleep, some food, and healthcare. If people weren't constantly worried that they will lack this the whole nonsensical piramid of useless work would fall apart and everyone would be much happier