a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by Neosmith
Neosmith  ·  3989 days ago  ·  link  ·    ·  parent  ·  post: How can I save money when I'm already in debt?

This seems to be on the rather high end of the saving scale o.O.





b_b  ·  3988 days ago  ·  link  ·  

Perhaps. But the reason I suggested starting at age 30 is that many people will have decent incomes by that age, and perhaps be married, as well. Also, I'm counting total assets, not just cash. For example, many employers have savings match plans, which it's probably a good idea to max out, since it's extra money for nothing. Anyway, the broader point isn't to have $2M to retire on; it's that it's a good idea to define early what you think you need to retire on, and to then make a plan to have that much money. The specific number is arbitrary.

Neosmith  ·  3986 days ago  ·  link  ·  

Fantastic. Thank you for the reply. Love the insightful people in this community =D.