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Statistics! Can a person below the median income afford to retire early? The answer is a resounding no. Can a person the top 10th percentile (upper middle class
by bjourne 8mo ago
Statistics! Can a person below the median income afford to retire early? The answer is a resounding no. Can a person the top 10th percentile (upper middle class) afford to retire early? Yes.
- raw_anon_1111 8mo agohttps://dqydj.com/household-income-percentile-calculator/ https://dqydj.com/household-income-percentile-calculator/ So the top 10% is a household income of $250K and most of those couples didn’t reach that until their 40s. They aren’t making $225K as an L5 at 25 years old like a former intern/new grad I mentored when I was at BigTech Most software developers won’t even see above $160K inflation adjusted during their career. Most work in second tier cities in the “enterprise”z.
- deleted 8mo ago[deleted]
- mathgladiator 8mo agoThis guy did it: https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/ on like $65K IIRC The problem is, at core, fear. Fear of taking responsibility for your life.
- raw_anon_1111 8mo agoSo exactly how do you “take care” of your insurance if the ACA goes kaput? “Thoughts and Prayers” until you are 65?
- mathgladiator 8mo agoI pay cash for everything right now since ACA plans are terrible... BUT, I am also one of those nut jobs that only eats meat and it is amazing. But, most people can't even begin to imagine giving up carbs as they are junkies.
- raw_anon_1111 8mo agoAre you willing to bet that nothing catastrophic will happen to your health before you are 65?
- mathgladiator 8mo agoYes. I will not let fear rule my life.
- raw_anon_1111 8mo agoThat’s monumentally not a good idea https://www.cdc.gov/chronic-disease/about/index.html https://www.cdc.gov/chronic-disease/about/index.html 90% of adults will have a chronic condition by the time they are 65. https://www.aarp.org/health/conditions-treatments/most-common-chronic-health-conditions/ https://www.aarp.org/health/conditions-treatments/most-commo...
- mathgladiator 8mo agoThat data alone invalidates any idea of insurance being sustainable, it's a sinking ship. I, on the other hand, only eat beef, butter, bacon, and eggs and everything is getting better. BUT, I may be in a cult, but this cult has benefits.
- raw_anon_1111 8mo agoNo insurance is viable because the risk pool includes people of all ages.
- mathgladiator 8mo agoNo, insurance is not viable until we fix metabolic health in the masses. Again, I'm a nut job that has a HbA1C of 4.7 because I only eat beef, butter, bacon, and eggs.
- 8mo ago
- heathrow83829 8mo agothere are still tribes in the amazon that have very little money, like the hazda. they may not call it retirement but they don't need to go to the office everyday. Serious question, what makes us so addicted and dependent to money that we can't imagine any way of life without a lot of it?
- mathgladiator 8mo agoPeople play dumb status games. Here is the crazy thing, I went carnivore after I retired because one thread that worried me about shitty insurance is the risk. Now, I'm pretty sure if I only eat meat and work-out, then I might not even need insurance. Like, my labs are phenomenal. By taking away the fear and the addiction, I've got a level of calm and control of my life that makes me realize the "modern world" is deeply sick.
- raw_anon_1111 8mo agoSo you think healthy living will prevent you from needing medical care until you are 65?
- mathgladiator 8mo agoFor the chronic stuff, yes. For acute accidents, who knows! With carnivore: I'm off almost all meds, my mobility and flexibility are amazing these days (I am sitting on the floor right now with crossed legs).
- raw_anon_1111 8mo agoThat’s not how life works…
- com2kid 8mo agoDude, cancer is an RNG roll away for anyone. Doesn't matter how well you take care of yourself if a random cell decides to divide in just the wrong way.