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by loeg
2970 days ago
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Yeah, all good points. > None of this is to say that living frugally is a bad idea or that you'd regret having done so, only that saying you can retire in 20 years is unrealistic for most people and it makes the pitch sound a bit like a scam/cult. I don't mean to suggest that everyone, or even most people, can retire in 20 years, and I certainly agree that such a claim is not true. Some highly paid tech workers can, and this forum's readership tends to tilt in that direction. |
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I especially like thinking about the meaning of where your money is going – some people spend money on experiences which they like but a lot of it is keep-up-with-the-Jones stuff where e.g. people are paying crazy amounts for housing zoned for the “right” school when paying less and spending more time with their kids will have a much bigger lifetime impact. Someone in that position probably isn't retiring too early in any case but if they have their spending well planned out they're probably going to say that was an acceptable tradeoff for having kids, while the guy living above even considerable means is having a midlife crisis reconsidering hemorrhaging that kind of cash.