I'm in the incredibly lucrative field of Forum Directing. I make so much money, I have to pay someone else to count it. Also, I'm within one order of magnitude of 35 y/o, so I'm in the ballpark there, too.
I see my older brother going through it right now, and I know how much work it really is. There's just no off button 24/7. Seeing that, I know wife and I should not keep working full time when it's our turn. So either we'll both cut back our hours, or I'll cut back significantly. This is because she runs her own business, so being out of work is going to be much harder on her/us later on, since it's very reputation based.
i drive a used hyundai
Matthew 19:24?God doesn't let you into heaven unless you own a home and have 2.5 kids and make 250k + a year by 35. Just read the bible, it's in there somewhere.
my old honda drives fine, but i have recently been tempted by the subaru forester with its AWD and all the modern safety sensing features
Da Fuq you need AWD for? You going off roading or something?
I'll drive my Acura till the wheels fall off, even if my wife wants me to upgrade to an SUV for the kiddos.
my old honda drives fine, but i have recently been tempted by the subaru forester with its AWD and all the modern safety sensing features
driving 20 miles through a few inches of snow or slush during the winter. they don't really plow much out where i'm at.
i've never needed one though, always drove tiny hondas and been fine. just feeling the itch to get something nicer/safer for some reason. i should just take the money laying around and throw it in my vanguard account, then i won't be able to buy a car.
driving 20 miles through a few inches of snow or slush during the winter. they don't really plow much out where i'm at.
i've never needed one though, always drove tiny hondas and been fine. just feeling the itch to get something nicer/safer for some reason. i should just take the money laying around and throw it in my vanguard account, then i won't be able to buy a car.
What state do you live in if you don't mind me asking? OH?
Also the terms "nicer" and "safer" with "Subaru" is an oxymoron in my book
nailed it. lake effect isn't quite as bad as buffalo, but close.
But that aside, it's not really about the job. Those go away. Investments don't. I'd take my investments any day over my job.
my old honda drives fine, but i have recently been tempted by the subaru forester with its AWD and all the modern safety sensing features
We're 2 years into our Subaru (Forester) with EyeSight & love it. We'll probably get rid of it at 300k miles.
Foresters in particular are kind of one of those things that isn't immediately or outwardly appealing, but after a month goes by & you quit noticing your car, you start appreciating the visibility, the adaptive cruise control in traffic, the ease of getting in & out of it, etc. I think it's wonderful in terms of actual utility & wouldn't hesitate to recommend them. I do think they could be cheaper, but you really do get what you pay for with them (resale value is also excellent!).
You might have heard friends, parents or financial advisors at local banks advise you to follow the 50/30/20 rule. If you follow this rule, you’ll break up your income in the following manner:
No more than 50% of your income should go to required expenses, such as shelter or food.
No more than 30% can go towards the wants in life, such as your gym membership or cable.
The final 20% of your income should to towards savings, retirement and paying off debt.
Some experts explain it another way and recommend that your savings should equal your salary by age 35.
Still another way to approach savings is by using this guide from CNN Money. According to this, 35 year-olds should have saved the following, depending on their income:
Income Estimated Amount in Savings
$40,000 $60,000
$65,000 $97,500
$90,000 $135,000
$115,000 $172,500
However, this isn’t necessarily the case for many Americans, especially those with consumer debt or who didn’t get a job until later in their 20s. The savings goal at any age is simply to save so that you have an emergency fund, can pay off debt and are able to invest.
That sounds great in theory, but I probably have more like a 65/30/5 rule in my household. The cost of living where I live is really high... I'm not sure how people without six figure incomes can do it without government assistance.
5% to retirement? So basically you never want to retire?
I guess that's why I never went high with my costs to begin. I'm very much in the upper middle class white collar pay class living in a blue collar neighborhood. I cut the cable cord, and constantly monitor my alarm, internet, cell, insurance, and energy bills. If they ever raise the price I immediately look at competition.I don't even put that much. Costs of living are too high and keep going up every year so there is less and less money at the end of a given month. Everything goes towards bills and taxes, then there's maybe a couple hundred bucks left over at the end of the month. I have been thinking about retirement lately though, the best option is to move somewhere off grid in an unorganized township (low taxes and can do what you want on your land) to eliminate as many bills as possible. Then whatever money I get from my work retirement package will go further. Ideally I'll want some kind of side gig while I'm retired, something online based. Maybe building small things and selling it or something, whatever hobby I decide to I can just turn it into money, at least to cover the few bills I will have like insurance and internet. I'll still want internet out there.
My only fear is more people are going to start getting this idea and the government is going to crack down on off grid living.