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Do you have kids?
by bdamm 22d ago
Do you have kids?
- zer0zzz 22d agoThe answer to this question seems obvious. There are no 42 year olds that retire by merely "saving and not over spending" when even one child is involved.
- fragmede 22d agoYes there are. My brother in law sold his startup and is sufficiently retired while raising my nephews. Not a common case, by any stretch of the imagination, but it's not zero.
- zer0zzz 22d agoI used my words carefully when I said "retire by merely 'saving and not over spending'". Your brother in law did not merely save and not over spend, he built a business and sold it for a large payout.
- zhivota 22d agoNope. Before the kids we had an incredible savings rate. Sometimes around 80-90%. Now our spending is much higher but the growth of our investments over the last 10 years has been incredible and outpaced that by a large margin. For a while I thought some startup stock I had was going to fund a lavish retirement but then AI largely destroyed the value of those shares so we're just planning on the boring index funds.
- zer0zzz 21d agoI said “saving and not over spending”; do folks on HN really have trouble with reading and comprehension? I said nothing of investments and growth.
- zhivota 21d agoMy apologies, I thought it was obvious that if you saved 90% of your salary, you would, in fact, then invest it.
- zer0zzz 21d agoAhh, I see what you mean. When I read the original comment it seemed like a regular save and spend less approach. If some saving in index funds was obvious, I am sorry for my assumption.
- zhivota 22d ago2 kids.