Japanese man saves for early retirement by eating extremely simple meals for 21 years (mustsharenews.com)

submitted 3 months ago by Yuritopiaposadism@hexbear.net to c/chapotraphouse@hexbear.net

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[-] ksynwa@lemmygrad.ml 85 points 3 months ago

Unfortunately, the man’s happiness was short-lived.

He recently revealed that his savings had significantly diminished due to the yen’s depreciation since the start of the year.

The man also expressed concern that if the yen continued to weaken, achieving financial freedom might remain out of reach, rendering his 21 years of hard work seemingly pointless and tragic.

Oof. He got pranked.

[-] robot_dog_with_gun@hexbear.net 38 points 3 months ago

the-doohickey time

[-] Assian_Candor@hexbear.net 38 points 3 months ago

porky-happy sorry, the fed raising rates made the carry trade unprofitable. Back to work serf.

[-] volcel_olive_oil@hexbear.net 37 points 3 months ago

debate-me-debate-me "easy, just save more money for retirement"

[-] FuckyWucky@hexbear.net 17 points 3 months ago* (last edited 3 months ago)

Its only a decline in Dollar terms, not purchasing power tbf.

if he were in Pakistan or some global South country, a 40% depreciation would (likely) mean a 40% reduction (maybe more) in purchasing power but its not 1:1 with Japan (and China, Russia, most Western countries).

spoiler