If I could retire right now at 38, and kept my expenses at 100% of what they are right now, I'd still be choosing which bill can wait a week and a half past the due date to make sure we can all eat.
65% and we start drawing straws for who gets eaten this week.
65 percent of jack shit is not enough to live on my guy.
Good point, but also my question is pointless if you are already living frugally, because that would basically be "would you like more time and money?"
Yes I would like more time and money thank you
I think this question varies greatly depending on your current salary, if you have dependents, and what your cost of living looks like.
The only catch is that you would have to keep your expenses at 65% of what you spend right now.
Permanently? or like, adjusted for inflation? do I get rent control?
Because 65% of what I make now will be worth a lot less in 10 years.
idk; I get work via commissions (is that the word?) and rarely, earning little money. But with this at least I would have a constant source of money, and would get some peace of mind, so maybe?
Commissions doing what? Maybe we can find you some business here!
You never know what the future holds. Much better to work now while you are in a good position to do so, than to be forced to work later on, when you have been out of the workforce for years.
I don't think most people could live on 65% of their current income. Many people are poor and can't handle a surprise $500 expense.
I could live happily on the median income of my area (NYC) - $113,400. Even if I got a more expensive apartment, I could make that work.
I do wonder about people's budgets sometimes. One of my friends has crushing medical, student, and credit card debt so they're always struggling. But another friend was like "I can't leave my job at [evil megacorp]! I need the money!" But when pressed slightly, their "needs" included broadway plays, fine dining, and every hot new game on steam (that they don't even play). Most people are probably between those two extremes.
I, personally, also prioritize living life.
What's the point of life if im going to eat rice and beans and never enjoy it. I'd simply resign.
My 'needs' include what makes me want to continue living, regardless of what it looks like from your perspective
My ‘needs’ include what makes me want to continue living, regardless of what it looks like from your perspective
My parents would fight about this sometimes. They would blur "need" and "want" together, and that caused difficulties. It's imprecise and, in my opinion, immature, to conflate the two categories. If you're looking at a budget and you smush everything into "needs", how are you going to know what to cut? The electric bill by any reasonable metric is more important than another lego death star, assuming you plan to continue living in society.
Furthermore, "I can't quit my job at [evil megacorp], because then I might not be able to do luxury dining experiences as often" is laughable. Like, sure, there's no way to live pure in our capitalist hellscape. We all have bills to pay. But highlighting "I like broadway" as the justification for "I help build AI used by ICE to deport people"? Come on. I'd respect it more if they just said out right that they don't give a shit about other people. At least that'd be honest.
Given the rate of inflation, and shrinkflation, I don’t think it’s economically feasible for many people to survive on 65% of their income. At least, I couldn’t. Especially not with two young boys who need clothing, a metric ton of food (and growing!), plus sports, etc. nope. I’m stuck n indentured servitude for the rest of my life.
Yeah this is why I don't have kids lol
It’s a trade off. It’s not easy either. Even when I was married and had a partner that could tag in and help me out. It’s much harder now that I’m single and I no longer have backup. It’s not like there’s an instruction manual either; each kid/situation is distinct and different.
But you know what, there are moments (more often than not) when they do or say something amazing, and it feels like the world is not such a bad place after all; because of them.
It’s not perfect. We sometimes get mad at each other. But that’s any relationship; it’s love. And I wouldn’t trade it for any amount of money in the world.
My initial response was Hell yeah! But, then I remembered my job will pay for the kids college, so I'd be crazy to make that trade.
I’d find a comfy job that’s easy to do even if it doesn’t pay the best.
30s are prime earning years – stick with it for a bit longer.
65% of what I spend rn would be unlivable
If you had the money to retire at 30
Not possible, since I am well above 30 :)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, toxicity and dog-whistling are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Logo design credit goes to: tubbadu
