Comment on Who are the "middle class" supposed to support in the class stuggle?
blarghly@lemmy.world 3 days ago1 million is commonly agreed upon in the FIRE community as the number to hit to have a confortable retirement in perpetuity. Following the 4% rule, you could withdrawal $40k each year to live off of and would almost certainly not run out of money before you die, even accounting for inflation.
sunzu2@thebrainbin.org 3 days ago
That number doesn't math... Unless you also have a paid off house.
blarghly@lemmy.world 3 days ago
Why not? I lived on about 20k last year. I live in a camper van most of the time, so no rent for me. But even paying (imo, a rather exorbitant) $1000/mo for a studio, you are still only at 32k per year.
dream_weasel@sh.itjust.works 2 days ago
You CAN do it but that sucks. 40k a year is not enough money unless you’re happy to live like you’re poor, but just don’t have to go to work every day.
Financially independent, sure. But I don’t plan to retire to sitting in my van reading a library book eating rice and beans until I give up the ghost, you know? Color me entitled, but I think we can draw the hypothetical lines a little higher than you have set them for you.
blarghly@lemmy.world 2 days ago
This year I spent 3 months rock climbing in mexico, then travelled to Utah to hang out with friends in the desert and go canyoneering, then went to Yosemite. Now I am back home in Denver. I travel to beautiful places, cook tasty and healthy meals for myself (eggs for breakfast, pork burritos for dinner), occasionally go out to bars or restaurants or to concerts, have fun riding my motorcycle, and engage in quite a few DIY projects.
I honestly don’t understand where people spend all their money. I have an awesome life on $20k. I assume they are spending it on self-medicating or something.