Posted by karmanyaahm 1 day ago
According to Gallup polling, only 1% of Americans in their early 40s are retired, and just 6% of those in their early 50s have left the workforce. [1]
Nice if you can do it. Most of us will never be able to.
[1] https://www.investopedia.com/what-percentage-of-people-achie...
If you think working is worse for your mental health than not working, you need to pick something else to do.
I have built many exciting things, many open source, none have brought in enough to cover my day to day.
LOL. Of course you're leaving money on the table: that is the whole point! Many people have hobbies they'd rather be doing than working. It's ok to leave money on the table. Especially so if you don't see anything meaningful to buy with the extra money.
It's been discussed here a number of times and I've been a happy customer for years.
https://news.ycombinator.com/item?id=36849502 https://news.ycombinator.com/item?id=26969173
Nothing's certain, but if you like to play with data and you don't want to build the whole damn thing yourself, it's useful.
Still waiting for them to get support for options.
or alternative "... until i have saved up enough to last me till death"
But most of the time usually its the first option because no one wants to downgrade their ways of live when getting old.
And the problem with the first one is that as more and more people want to do that, who is going to work for them? the opressed youth :)
If only youth unemployment isn't a serious issue in modern societies.
In reality, maybe AI robots.
If people live a slow-burn lifestyle, buy revenue property one can later demolish as needed, park unused cash in index funds, and split 7% between bullion & high-risk. Most folks will be fine when things eventually go sideways.
Some people like to gamble, but they usually don't talk about their mistakes. =3
I just saw a cnn headline in the lobby about people who are looking to sell their family home to buy ai stock
They sure talk about mistakes before they happen
How nice of them. I'll have cheap tokens for a little longer.
Note, whomever floated that home-equity loan will be happy with their won profits. They win-win even if the loan defaults. Not everyone is so lucky... =3
My comment was advice that most people will learn the hard way, and hopefully inspire a moment of pause about their own risk exposure tolerance.
The subject is about young workers that acknowledged the very real churn part of the ephemeral tech sector, and position themselves for an early exit strategy into adjacent careers or retirement. This is not a new idea, given vertical movement in software careers has been stagnant for decades. =3
It doesn't seem strategies like this will work in the future. Even the least extreme predictions point to world economy contraction.
How can people not see FIRE is just a way to make you postpone what you want to do? Who cares what you can do when you're old and full of pains?
The actual list of things you need is quite small: water, food, shelter, clothes, company. But if you talk to your average wage slave the list of things is huge: massive house, smart dishwasher, new car, all-inclusive holidays, dog etc. And this is before you even get to things you want!
It's very hard to resist the hedonic treadmill. Ad blocking is a key, and that includes any media with subtle advertising in it like car and tech channels etc. If you can avoid this stuff, you can definitely be happy with a fraction of what a lot of people think they can't live without.
It's just the part where you have to do 2000 hours of it each year for somebody else that I never got along with, so I spent the first 20 years of my career making sure I didn't need to do that.
I "retired" in my 30s from fulltime jobs, and focused on building SaaS products and contracting. That left me not really needing to work at all anymore somewhere in my 40s, though I kept at it a while after that since the companies I was working with were full of fun people.
Now, I dip in and out as I like, picking up the odd contract but mostly doing my own thing. I've been proper, capital R, Retired for the last few years, building a game to keep the brain fed and the skills up.
With luck, I'll also write some code on my dying day. But it'll be on my terms.
To my surprise, I haven’t missed it at all. Playing music, reading for pleasure and language studies ( to help with a part time volunteer gig ) have totally met my needs. You never know.
If you have no dependents then yeah do anything even just travel the world and do but of work here and there to keep going.
While the price of gas, real-estate, groceries doubled or tripled over the last 10-15 years (here in NL).
It also seems that Stocks/ETFs also did the same, right?
Some of the Tech/IT/AI (and hence to some extent also S&P500 that's heavy on those) increased even more. But even if we consider it an artificial bubble - loads of other more traditional industries/ETFs also grew similarly to inflation, didn't they?
It’s up 48% in 15 years, and until the Us-Iran war it was only up 14%
https://fuelwide.com/fuel-prices/netherlands/history
Grocery inflation is 45% over the same period but I suspect you’ll claim CPI figures are nonsense.
Gas for heating has indeed about doubled, unsurprising with both Ukraine and Iran.
So with hindsight, one can easily weather inflation... only hindsight is hard to come by (says the guy who cancelled his NVIDIA buy order a few years back)!