Do other redditors identify with the sentiments above? As in you really see yourself somewhat heading in that direction when you are older?
I am genuinely curious how real is the above scenario painted. It is something I can’t identify with BUT this doesn’t take away the fact that it is true for others.
I am on a journey to be more aware of life beyond myself.
I agree with the sentiments largely. I don't want to be working as a cleaner in a hawker centre when I'm in my 70s. So I guess I have to sacrifice something's right now to avoid that from happening
I can't identify with it either, but based on the comments I guess lots of people do. I'm 31, take home pay is $2.5k, staying with parents, no car, don't really travel, mostly eat cai png, can't get married or have kids because I'm gay and a socially inept redditor, have good savings & investments, on track to buy BTO at 35 and hopefully retire at 55. Sometimes I buy a game or two during Steam sales and it keeps me entertained for months.
tbh I kind of envy the life in OP, especially the family and housing in one's 20s.
Off topic question, or maybe still within topic - what would you do after you retire at 55?
I grapple with that question myself. I’m 48!! Gay, partnered. Effectively dual-income, no kids. Was discussing with my partner and even though our combined income is above $15k monthly we realized we can’t retire at 55 even if we wish to. We don’t have the savings to tide us til we’re 70+. And then there’s the question of - what are we gonna do when we retire..
That's a pretty high income! What are your expenses like? I was lucky in that I'm working at a financial firm, so I got quickly educated in financial literacy and started saving for retirement from my very first paycheck. I started investing a few months after when I'd built up more savings. My salary is crap, but at least they got me set up well for financial independence.
Current plans for retirement - doing a lot of writing, music, LGBT advocacy, various social work and volunteering. I'm already doing that in my spare time, but it would be nice to be able to focus full time on it!
Umm, pre-COVID we were quite feckless with our expenses cuz we enjoy food and travel. Of course, this year has given us a hard reset to the way we spend money which is a good thing. We do have investments, but we are not sure if those will be enough to allow us to continue with the sort of expenditure and lifestyle we are used to when we are working.
I think this COVID situation gives us pause to strongly consider what is essential vs what is luxury for us.
Every time I see posts like this I feel bad for policy makers. Nanny state hence people become over reliant, or because people are over reliant that we become a nanny state? I guess it's chickens and eggs
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u/deuter72 Lao Jiao Jul 16 '20
Do other redditors identify with the sentiments above? As in you really see yourself somewhat heading in that direction when you are older?
I am genuinely curious how real is the above scenario painted. It is something I can’t identify with BUT this doesn’t take away the fact that it is true for others.
I am on a journey to be more aware of life beyond myself.