You can retire at any age you want lol. Most people didn't live in their means nor did they save for retirement starting at 18/22. This was possible 30 years ago. These days? Not so much.
It doesn't mean you can't leverage it way better than most though. Starting a Roth IRA saves more money than even paying off your house loan in half the time. That's saving an extra $70,000 for most. Putting into retirement early triples that lol.
Compound interest via stock/bonds is a bullshit money generating hack made up by rich people to get richer though. The poors literally get their dregs from riding on their coattails then acting like they invested well.
Sanctus@lemmy.world 11 months ago
We should be building a society where the concept of retiring is alien because the entire point of living isn’t to work.
cyborganism@lemmy.ca 11 months ago
RIGHT???
electrogamerman@lemmy.world 11 months ago
That is almost impossible. Even if we had machines and robots, there will always be the necessity for people to work
Sanctus@lemmy.world 11 months ago
I didn’t say nobody would have to work. I said that working shouldn’t be the point of life. This mentality that we are all stuck in should not be the defacto modus operandi of our society. What is the purpose of all of this if not to set us free from the mundane? What is the point of any of this if it is not to square the circle? Might as well have never climbed down from the trees if we are not reaching for infinity.
rustic_tiddles@lemm.ee 11 months ago
There are many people for who working isn’t the meaning of life.
electrogamerman@lemmy.world 11 months ago
And I said that it is almost impossible because there will always work to be done
Kage520@lemmy.world 11 months ago
Do you mean this as in robots cannot do it all? Because I’m pretty sure they soon will be able to. Or do you mean it in that humans need challenges to make their lives feel complete? Because I would agree with that.
electrogamerman@lemmy.world 11 months ago
I meant the first one. Someone will have to create/update/maintain robots.