I'm pretty sure everyone on this forum who has had an account for more than 1 month knows that you are worse than the government at managing your finances. The kicker is how much you enjoy letting us know the magnitude of your deficiencies.
Back on topic (slightly), there is no perfect formula for what is the right work/family/play balance. For me, I know my skills and where my highest value is at the moment (project management in software space). I also know that it is not my passion (and neither would it be flipping houses). What my job does afford me is a great paycheck. I used to work an unfortunate amount of hours for this, but with my last job move, I realized my skills were marketable enough to find a company that respects my desire for balance. In the last year and a half, I can count the weeks on my hand that I have had to work more than 40 hours...and only once over 50. Setting proper expectations, managing your time, and having good upper management affords this. Could bad management changes screw this up? Sure, but I am confident I can find a new company where my skills are needed.
The way I look at it, once you feel financially secure (not something our parents or many contemporaries ever achieve(d)), the best luxury is your time (not some material possession). I would rather have time with my wife, my soon to arrive children, or time in the mountains than a Bentley. Sure I am hoping to buy an investment property in the mountains in a few years, but I will not jeopardize my family life to do so.
As I said earlier, this balance is a personal thing. Some people love their job or what their job does enough to allow it to dominate their time. Others love the material things or pride that working 80 hours a week gives them... so it is worth it to them as well. To each their own.
If he is, I would say he is in a better position than someone squatting in a bank owned foreclosure.
You would think that because you don't understand having cash on hand, you clearly live paycheck to paycheck.
You still mad that you had a beater M3?
What poor FINANCIAL decisions have I made?
Lol at no retirement. I had to liquidate my separate Vanguard account that was $14k because of a divorce, that was just rollover money from a short term job I stuck into something I could totally play with. I wish I could have kept that fund but I didn't have another $14k in cash.
It gained like $4k in a year and so far since has been earning about 30%.
I am in foreclosure because I am in court with my mortgage company. It was by my choice not theirs.
Hahaha, how ironic! And what do YOU know about it?
It's hard to come up with another $14k in a divorce when stuff is being split up.
Lets focus on the topic though. It's clear you are comfortable with hardly any expenses.
It's clear as an hourly employee you are not a high wage earner.
Good luck with your retirement at that level.
You would think that because you don't understand having cash on hand, you clearly live paycheck to paycheck.
While I've asked you to define a high wage earner, that's pretty irrelevant. I earn enough to do what I want and save for retirement. If I can pull that off on $30k or $125k, it doesn't really matter. Not to mention my wife works which makes it even easier.
I wouldn't say I have hardly any expenses though, not sure what gave you that idea. Especially around these times when I have time off work, lot's of traveling. I've already taken 2 trips in the past 40 days or so and going on another 3 destination vacation tomorrow and have another trip in January. Already paid most of the cars / hotels already, but I'm sure I'll have another nice chunk to pay off when we get back
I absolutely hate to break this to you, but there is no way you can do all you say you are and truly save for retirement on $30k and hope to retire ever in your life. Your total hours worked will be at a lower standard of life and longer than someone at $125k and that $500k you crap on because it's 80hours/week of work.
<snip>
Oh my dear god. You STILL DON'T GET IT! That $500k/yr was TWO people working 80hrs/wk, not ONE.
You are beyond help. If you can't even do very, very basic math, you are beyond reasoning with.
The SF Housing and rental market is completely stupid right now. it has to slow down soon I'd imagine unless SF is going to turn into only millionaires living here.
I noticed my thread has gone off the tangent.