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The cool thing is that your statement can be 100% true and you can still retire early. As you say, a significant fraction of the population can't. But you get
by jasonkester 14y ago
The cool thing is that your statement can be 100% true and you can still retire early.
As you say, a significant fraction of the population can't. But you get to choose whether you want to be part of the smaller fraction who retire early, or whether you want to help those who are.
All you need do is not spend your entire paycheck each month. The rest will be taken care of by the (still) significant fraction of the population who do.
- brazzy 14y agoUnless it gets taken care of by the increasingly significant fraction of the population who has their lives extended for a few more years at any cost.
- jasonkester 14y agoAh, never mind then. So I guess the plan is to stop saving money now, since you've shown that compound interest is a fallacy? I'll get right on it.
- brazzy 14y agoNo, the plan is to save money but not make too much assumptions on how far it will get you, and most importantly not make any decisions that make you completely dependant on your investment returns.