50 and older, I’m sorry, but in my personal experience, your advice has been a little out of date.
There is no hope without a revolution.
But also whenever you get a raise or pay off a loan take the majority of that money you would have added to your regular paycheck and put it in your superannuation (or your country’s equivalent retirement fund) as an automatic deduction. That way you’re saving without feeling the pinch of giving something up.
Also once you reach an age you start dealing with funerals you’ll realise how nightmarish and expensive that whole process is, so get a proper legal will made up.
Don’t listen to anyone born before 1980. They don’t live in the same world as you.
Drinking water and mountain home meals. I’m afraid their value will skyrocket sooner than later.
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Marry someone rich.
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Get lucky
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Don’t have health problems
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Don’t have children (even if you find someone rich)
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Win the lottery (backup for if you can’t marry someone rich)
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Get out of the usa
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Don’t eat anything approved for eating in the usa
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Exercise
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Cheap used EVs are great, but if you are still in college, you don’t need that much range, so a beater leaf is even cheaper.
Your refusal to go into credit card debt in your 20s was great. Continue not fucking doing that.
Denying every indulgence makes you explode in spending desperation once you eventually get a windfall. Instead, ration indulgences, don’t forbid them. Get familiar with “this was expensive. I shouldn’t do that often.” It will make resisting temptation much easier with the new shiney XL+909T comes out when you’re older.
money (you need enough) so keep dollar cost averaging into ETF, don’t forget the world is a big place, so international as well and consider the debasement trade.
Switch to income investing when you “retire”, don’t try and time markets.
https://www.youtube.com/channel/UCuNKV0CMgcVUiJNdA-JNlJA
https://www.youtube.com/channel/UCxU4PhPfJEBgaeYT1rMhvCg
and physical health ; no smoking, no drinking, moderate cardio (running cycling etc) and lift weights to help prevent muscle loss and osteo.
and mental health: hike, enjoy the woods, spend time with friends and family you care for
Am 61, retired at 40 , gf is 57.
money (you need enough)
sounds like legitimate financial advice
Lose fat and build muscle. You will be more financially stable when you’re healthy.
Get out of the U.S.
Lots of good tips in here already.
I would recommend checking out The Money Guys or Caleb Hammer on YouTube for some great tips with actionable goals.
“Don’t believe sermons, fairy tales, or stories about money.”
Get in the habit of wearing a backbrace. When you move something heavy, when you work in the yard, whenever you need to bend or twist a lot. Backbrace.
Save your back. Don’t bend over to pick stuff up off the floor unless there are at least 2-3 things down there to get.
Good boots, gloves, kneelers etc. Good quality tools. Your tools (your body especially) are an investment. Buy quality. Buy to last. Take good care of them. Per the literals. I swear by Kobalt and Dewalt.
I’m over 50 so apparently I don’t count. But if I did I would say maximize salary. Live below your means. Invest because compound interest is your biggest ally.
lol don’t ask us. we’re just as fucked as you. :\
Your teeth and feet are hopefully with you for life. Take care of them.
Look, I brush and floss on a routine and haven’t had a cavity since I was a kid.
But what am I supposed to be doing with my feet? I get that my teeth can rot out, but I have never worried about feet falling off…
what am I supposed to be doing with my feet?
Brush and floss… is that not common knowledge?
what am I supposed to be doing with my feet?
quality footwear and custom orthotics.
Consider quality shoes a necessity, not a luxury.
Its not falling off so much as eventually wishing they would.we are on our feet every day yet we often don’t lace up our shoes or boots.ill fitting shoes cause all kinds of problems for future self in thefeet and joints. Workboots every day can be a nightmare as can High heels for toes, ankles and the balls of the feet. Mostly good shoes are the answer but people like pretty things and not lacing up thier boots. When you get old and your feet hurt every day maybe you wonder why. Maybe it was those old converse with the hole in the toe.
Don’t worry about money, worry about your health. Form the habits now, and stick with them.
Everyone will tell you that, and you’ll just ignore them, we all know it. But, we feel like we should say it anyway.
It’s really fucking important. Far more important than money.
Without money health suffers. It’s a balance.
This is good advice, but do kinda worry about the money. Just don’t obsess about the money. Save what you can without sacrificing too much. Tomorrow is never guaranteed. Talk to a financial advisor that you trust ideally one that answers the question “are you a fiduciary” with a straight up “yes” anything else they aren’t one and fuck em. Work out a plan and find what’s realistic to accomplish, and how to get there. Start that today. Not tomorrow. Investments and savings work on time not just your deposits, and every 5 years you wait you double your contributions to stay at the same level of 5 years before. Be it $50 a week or $500k a year there’s no such thing as too little if that’s what you got. Also max whatever your explorer match is on the 401k. It’s free money basically. There is so much more but the truth is none of us are likely qualified to answer this your your situation or even in general.
But yes have fun. Live for the moment. Take time off. Spend time with your family and friends. No one will remember you for your dedication to the grind, but perhaps they would be filled with resentment.
