• blanketswithsmallpox@kbin.social
    link
    fedilink
    arrow-up
    2
    arrow-down
    3
    ·
    1 year ago

    You can retire at any age you want lol. Most people didn’t live in their means nor did they save for retirement starting at 18/22. This was possible 30 years ago. These days? Not so much.

    It doesn’t mean you can’t leverage it way better than most though. Starting a Roth IRA saves more money than even paying off your house loan in half the time. That’s saving an extra $70,000 for most. Putting into retirement early triples that lol.

    Compound interest via stock/bonds is a bullshit money generating hack made up by rich people to get richer though. The poors literally get their dregs from riding on their coattails then acting like they invested well.

    • Cyborganism@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      I just want wages to increase to a point where people with a decent education can afford a home without any major financial stress.

      It’s not normal to have professionals with bachelor’s degrees not being able to afford a home.