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  3. Would you retire at 30 and live frugally?

Would you retire at 30 and live frugally?

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  • F [email protected]

    I don't know if that's morally right. I may pick a job though (or even volunteer!) that I enjoy more than one that pays, but I still think someone who is healthy and able to should still contribute to society.

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    wrote last edited by
    #101

    Working thanklessly for slave wages to make Sociopathic Oligarchs or Corporations rich is not "morally right," or "contributing to society," it's playing your non-disruptive role in THEIR society.

    Traveling the world, exchanging cultures, etc. contributes far more to the world than being a tiny cog getting worn down and used up over a lifetime in some oligarch's machine.

    "Morally right?" JFC, get a fucking clue. How is it morally right to contribute to a MAGA Nazi society? Burn it the fuck down.

    F 1 Reply Last reply
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    • B [email protected]

      Working thanklessly for slave wages to make Sociopathic Oligarchs or Corporations rich is not "morally right," or "contributing to society," it's playing your non-disruptive role in THEIR society.

      Traveling the world, exchanging cultures, etc. contributes far more to the world than being a tiny cog getting worn down and used up over a lifetime in some oligarch's machine.

      "Morally right?" JFC, get a fucking clue. How is it morally right to contribute to a MAGA Nazi society? Burn it the fuck down.

      F This user is from outside of this forum
      F This user is from outside of this forum
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      wrote last edited by
      #102

      I didn't mention sociopathic oligarchs or sociopathic corporations. Not every business is a sociopathic corporation.

      "Morally right?" JFC, get a fucking clue. How is it morally right to contribute to a MAGA Nazi society? Burn it the fuck down.

      Ah yes, because the USA is the only country with internet access. No wonder you elected trump if you yanks are this reactionary.

      B 1 Reply Last reply
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      • B [email protected]

        You'd still be paying sales tax, income tax, property tax and presumably participating in voting. Plus you'd be opening up a job for another person. All of that is contributing to society, imo.

        I'd probably still volunteer for something. As a retired person, there are a lot of hours to fill!

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        wrote last edited by
        #103

        Valid reasoning. The volunteering option if you're financially self sufficient is probably the best option, in light of this.

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        • grrgyle@slrpnk.netG [email protected]

          I'm not sure how I feel about this answer, but on a personal level I share your feeling—that I should be contributing something to my community.

          Although when I think of most of my interactions with the people who actually live around me, almost none of them are done for money.

          So maybe retiring isn't so much of an end to contributing to society as it is an end to contributing to private equity, et al.

          F This user is from outside of this forum
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          wrote last edited by
          #104

          I was morseo talking about retiring at 30. I still think we have a moral obligation to each other to work, if you're well and able.

          grrgyle@slrpnk.netG 1 Reply Last reply
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          • M [email protected]

            If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

            venus_ziegenfalle@feddit.orgV This user is from outside of this forum
            venus_ziegenfalle@feddit.orgV This user is from outside of this forum
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            wrote last edited by
            #105

            No, work is nice tbh. I might do 35 hours instead of 40 a week at some stage but full on retirement at 30 doesn't sound appealing at all to me.

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            • F [email protected]

              I didn't mention sociopathic oligarchs or sociopathic corporations. Not every business is a sociopathic corporation.

              "Morally right?" JFC, get a fucking clue. How is it morally right to contribute to a MAGA Nazi society? Burn it the fuck down.

              Ah yes, because the USA is the only country with internet access. No wonder you elected trump if you yanks are this reactionary.

              B This user is from outside of this forum
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              wrote last edited by
              #106

              No, you didn't mention Oligarchs or Corporations because that would undercut your "moral" argument, so I did.

              The entire world has been sold the concept that the only "moral" lifestyle is to sacrifice your life to earn barely subsistence wages in the pursuit of obscene wealth for a few wealthy families. That is the 21st century human paradigm across the entire planet, regardless of political ideology. EVERY society is Capitalist in practice, and those that deny it it, are lying. There is not a single nation on this planet who is not dedicated to funnelling vast amounts of money to a few wealthy people in their country.

              In addition, if we continue on this path, the number of wealthy families benefiting by this system will shrink, until there is only a single family, or perhaps person, who controls the entire planet's wealth. It may take a few generations, but it is inevitable.

              And yes, ALL corporations are sociopathic, by definition. There are NO exceptions.

              F 1 Reply Last reply
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              • F [email protected]

                I was morseo talking about retiring at 30. I still think we have a moral obligation to each other to work, if you're well and able.

                grrgyle@slrpnk.netG This user is from outside of this forum
                grrgyle@slrpnk.netG This user is from outside of this forum
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                wrote last edited by
                #107

                I'm talking about the same thing, but separating paid work from voluntary work.

                Just because you aren't working for a company, doesn't mean you aren't working for your community.

                You're also probably contributing a lot less carbon to the atmosphere, though.

                F 1 Reply Last reply
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                • grrgyle@slrpnk.netG [email protected]

                  I'm talking about the same thing, but separating paid work from voluntary work.

                  Just because you aren't working for a company, doesn't mean you aren't working for your community.

                  You're also probably contributing a lot less carbon to the atmosphere, though.

                  F This user is from outside of this forum
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                  wrote last edited by
                  #108

                  Yeah, as long as it's beneficial. I don't think I'd count work where someone may be, for example, building tools to help the rich get richer.

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                  • M [email protected]

                    If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

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                    wrote last edited by
                    #109

                    I'm not retiring until my house is paid off and I can include at least 1 large vacation a year into my budget. Those two things will probably happen simultaneously, but I've never heard of anyone paying off their mortgage by 30 in my life.

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                    • B [email protected]

                      No, you didn't mention Oligarchs or Corporations because that would undercut your "moral" argument, so I did.

                      The entire world has been sold the concept that the only "moral" lifestyle is to sacrifice your life to earn barely subsistence wages in the pursuit of obscene wealth for a few wealthy families. That is the 21st century human paradigm across the entire planet, regardless of political ideology. EVERY society is Capitalist in practice, and those that deny it it, are lying. There is not a single nation on this planet who is not dedicated to funnelling vast amounts of money to a few wealthy people in their country.

                      In addition, if we continue on this path, the number of wealthy families benefiting by this system will shrink, until there is only a single family, or perhaps person, who controls the entire planet's wealth. It may take a few generations, but it is inevitable.

                      And yes, ALL corporations are sociopathic, by definition. There are NO exceptions.

                      F This user is from outside of this forum
                      F This user is from outside of this forum
                      [email protected]
                      wrote last edited by
                      #110

                      The entire world has been sold the concept that the only "moral" lifestyle is to sacrifice your life to earn

                      EVERY society is Capitalist in practice, and those that deny it it, are lying.

                      I wonder why...

                      And yes, ALL corporations are sociopathic, by definition. There are NO exceptions.

                      This you?

                      D 1 Reply Last reply
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                      • M [email protected]

                        If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

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                        wrote last edited by
                        #111

                        i tried and its boring as fuck so i want to work again instead

                        1 Reply Last reply
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                        • M [email protected]

                          If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

                          throws_lemy@lemmy.nzT This user is from outside of this forum
                          throws_lemy@lemmy.nzT This user is from outside of this forum
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                          wrote last edited by
                          #112

                          I would, but it's not possible since I don't have millions of dollars in my savings account.

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                          • F [email protected]

                            The entire world has been sold the concept that the only "moral" lifestyle is to sacrifice your life to earn

                            EVERY society is Capitalist in practice, and those that deny it it, are lying.

                            I wonder why...

                            And yes, ALL corporations are sociopathic, by definition. There are NO exceptions.

                            This you?

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                            wrote last edited by
                            #113

                            We got a real bootlicker vibe going on here.

                            F 1 Reply Last reply
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                            • D [email protected]

                              We got a real bootlicker vibe going on here.

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                              wrote last edited by
                              #114

                              Corporations aren't inherently bad. It's the money that corrupts. The love of money is a root of all kinds of evils.

                              You can run a corporation that provides a good service to society, pay a fair wage and provide good employment locally. However, to make a large corporation, a lot of the time requires the said corruption, you need to fight and cheat your way to the top, cutting corners as well as employee benefits.

                              D 1 Reply Last reply
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                              • F [email protected]

                                Corporations aren't inherently bad. It's the money that corrupts. The love of money is a root of all kinds of evils.

                                You can run a corporation that provides a good service to society, pay a fair wage and provide good employment locally. However, to make a large corporation, a lot of the time requires the said corruption, you need to fight and cheat your way to the top, cutting corners as well as employee benefits.

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                                wrote last edited by [email protected]
                                #115

                                Let me tell you a story about how corporations used to be time limited, for the public good, and held their members directly financially responsible.

                                The reasons? At the time people recognized corporations as a concentration of capital and it needed severe limitations to prevent corruption.

                                After a century of lobbying and a whole new legal field around corporate law sprouted up we ended up with corporations that are no longer time limited, that do not have to be for the public good, and their members are no longer held accountable.

                                Objectively corporations are horrible and have caused irreparable harm to the environment and society. They have become the dominant form of our culture bending governments to their will and killing off hundreds of millions of people for profit.

                                As I said, you are trying real hard to be a bootlicker.

                                F 1 Reply Last reply
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                                • D [email protected]

                                  Let me tell you a story about how corporations used to be time limited, for the public good, and held their members directly financially responsible.

                                  The reasons? At the time people recognized corporations as a concentration of capital and it needed severe limitations to prevent corruption.

                                  After a century of lobbying and a whole new legal field around corporate law sprouted up we ended up with corporations that are no longer time limited, that do not have to be for the public good, and their members are no longer held accountable.

                                  Objectively corporations are horrible and have caused irreparable harm to the environment and society. They have become the dominant form of our culture bending governments to their will and killing off hundreds of millions of people for profit.

                                  As I said, you are trying real hard to be a bootlicker.

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                                  wrote last edited by
                                  #116

                                  Okay. This is irrelevant to what I was saying but go off.

                                  D 1 Reply Last reply
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                                  • M [email protected]

                                    If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

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                                    wrote last edited by
                                    #117

                                    I would have retired at 16 if I could.

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                                    • M [email protected]

                                      If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

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                                      wrote last edited by
                                      #118

                                      I am older than 30, but am literally facing this decision right now. I have chosen the latter: work for more years for better lifestyle and financial security. My job isn't too bad, so I don't have a huge push to walk away.

                                      I'm planning to scale back my career in a few years, but most likely part-time or seasonal work rather than full-on retirement.

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                                      • K [email protected]

                                        Easy. Currently I am probably saving close to 35% of my income as I don't really know what to spend it on and already live pretty frugally, but I have to work still. So just stop the spending on savings and live like I do now.

                                        Earning £26k so nothing special but a bit over minimum wage. Can save at least £500 a month without trying after paying my half of the bills and mortgage. Would probably save more if I didn't buy so many cat toys.

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                                        wrote last edited by
                                        #119

                                        Easy. Currently I am probably saving close to 35% of my income

                                        They did specify 65% of what you currently spend, not what you currently earn. I save a high percentage of my income too, mostly because I'm largely anti-consumption. Cutting my current spending down by 35% would be a bit leaner than I'd like to live.

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                                        • N [email protected]

                                          Living frugally isn't the problem, at least not directly.

                                          The boredom is what would get most people.

                                          Most people need to engage themselves in something satisfying and challenging.

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                                          wrote last edited by
                                          #120

                                          The sky is the limit on hobby spending, but we've also never had more access to inexpensive hobbies and entertainment options.

                                          N 1 Reply Last reply
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