Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
Cad made a reference to overspending and material stuff. I was explaining that I don't do that.
Retirement... (i.e. what are you going to be after you've grown up)
- Thread starter Haus
- Start date
Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
Haha, also this. My clients have 9 figure or higher networths. Its a different environment.
Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
Brother, its contextual. We make that much but we don't spend that much. Shit, my wife LOVES shopping at Home Goods and TJ Maxx for dog stuff, house stuff, etc. I penny-pinch on a lot of things other might not because I grew up lower-middle class and really didn't have much. So, those habits and fears stuck with me. My "need" for a certain income at retirement is, in large part, to curb fears and paranoia.
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Cutlery
Kill All the White People
- 7,561
- 22,959
I couldn't spend 50k a month if I tried.
I'd have a baller month and still have like 32k left.
It's why I like these boards - literally all walks of life. Everything from the degenerate welfare weebs to the degenerate rich, and all the degenerates in between!
I'd have a baller month and still have like 32k left.
It's why I like these boards - literally all walks of life. Everything from the degenerate welfare weebs to the degenerate rich, and all the degenerates in between!
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Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
That garden sounds badass though. Nice. And 40 acres is a lot, lol. You should be nice and insulated there.
Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
Koushirou
Log Wizard
- 5,462
- 14,058
It's wild to me seeing anyone write how 40 acres "isn't that much." I'm 38 and have $120k in my 401k and a shit house on a .17 acre postage stamp and still have $40k in student loans. Assuming I lose half the 401k and have to sell the house, it seems like a completely impossible task to save enough for any sort of decent retirement where I can just be comfortable with a little model kit hobby and a small house and a couple of pets and some MMO subscriptions. Is it even possible at this point if I do manage to get a $100k/yr job like I had before?
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Tarrant
<Prior Amod>
- 16,453
- 10,351
Yes, our place is in the Belair/East Jordan area, theres a 3 bedroom house and large outbuilding already on it. We already spend as much time where as we can, next month will be busy as well with salmon season. People our family has met over the years out on the streams have access to our heated outbuilding and sleep in there, so they don't have to pay for a hotel and they always throw a salmon our way as thanks. Usually, I end up with about 6 or 8 more salmon than the ones my wife and I catch as well lol.
Just waiting for the day we can make the move at this point.
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- 53,144
- 266,230
Tarrant
<Prior Amod>
- 16,453
- 10,351
20 acres was a gift from my grandfather and the other 20 I lucked out on and got for pretty cheap when the old guy who owned it couldn't keep up with the maintenance
and moved out of state to live with his son. The house I have on the land I got luck with again, it was a newer modular home that I put a joke bid on at an estate auction and won for 10k. The entire set up, was part gift and a huge part dumb luck.
I lost my 401k twice due to divorces, so almost nothing is in mine either, i have all that student debt with more each years still being added. Believe me, I know how you feel with all the other stuff. Financially, I'm not set great at all due to two bad marriages. Luckily, I have the home part down and the wife's 401k is quite large at this point, so between the two of us, we make a semi-solid plan for retirement.
Cutlery
Kill All the White People
- 7,561
- 22,959
Go find my post in the marriage thread. I was in the same boat and had less to work with.
Burren
Bronze Baronet of the Realm
- 5,179
- 7,760
Tarrant
<Prior Amod>
- 16,453
- 10,351
Haus
I am Big Balls!
- 16,615
- 67,795
It's possible, if you're diligent and save. When my wife and I were in our late 30's I also didn't have much in my 401k. (less than what you have, we had some things happen which made me take a payout which was stupid and heavily taxes/penalized). You'll have to buckle down into a recovery mode, so it might mean a while of not having much in the way of luxuriating.
Now, I haven't (and don't plan on) going through a divorce. But from the sounds of things did your soon to be ex have no assets at all so he's just taking half of everything in your 401k? Did he not have one? I will admit that sounds like a mess, but I wouldn't call it unrecoverable.
Koushirou
Log Wizard
- 5,462
- 14,058
He had a 403b and instead of rolling it over into his new job when we moved, he pulled it all out and spent it on himself. He has 0 assets other than his car.
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Haus
I am Big Balls!
- 16,615
- 67,795
Take his car. He needs a few discreet object lessons, IMHO. heh
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- 53,144
- 266,230
Gravel
Mr. Poopybutthole
- 43,537
- 153,057
I sound downright poor compared to the people in this thread (assuming they're not all bullshitting). I've been pretty transparent. We live off about $50k (net) a year (although saying net is a bit retarded, because our tax burden is mostly 0, but we've had a couple years I fucked up and we owed a lot).
You can ballpark about what our net worth is based on that.
But then, I also haven't worked in almost 4 years. Sure, I don't drive a six figure car, or live in a 7,000 sqft house, but I also rarely drive because I don't have a fucking commute like a working class sucker. I wake up when I want and do what I want.
Money isn't the goal of life. It's a means to an end.
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Tarrant
<Prior Amod>
- 16,453
- 10,351
Hello, fellow poor!
Yeah I’m around your income threshold as well, I get it. More money would be nice, but I love what I do and that’s worth a lot to me.
mind you, I’d love doing nothing more, but what I do now isn’t bad.