Current Events > Working for a living sucks.

(+) Yeah! (+)

I think I'm gonna quit and mooch off my parents.
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Mooching sucks harder. Hang in there and aim for early retirement. I'm probably going to start maxing 401k contributions next year while putting more money into other investments.
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By the time we are retirement age the government will have figured out how to steal our 401ks from us.
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fan357 posted...

By the time we are retirement age the government will have figured out how to steal our 401ks from us.

That'll be tough since the money is held in the market, distributed according to your choosing. Maybe they'll institute a special tax in addition to the income tax that pre-tax accounts are subject to upon withdrawal.
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Dude I guarantee that's what they will do. Wether it's a republican or democrat it will happen.
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Screw retirement. A bus could hit you tomorrow. Or you could have a brain aneurism in your sleep tonight.

Food and water are necessities for survival, so you only need to make enough pennies to eat and drink water. Unless you can become entirely self-sufficient by living off the land, which is much more difficult than actual labor, probably.

Get a job with a sick ass pension and good leave allowances.

When I feel glum about work, just remember I can retire at 55 and if I still don't feel like working I just take a day off.
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Democrat angle will probably be: "it's time those fat-cat retirees paid their fair share"

Republican angle will probably be: "these retiree moochers are sitting on their asses all day and collecting a check, they should be put to work"
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Unless your error making 12 bucks an hour at a call center

Can you please power cycle the modem

How much should i be saving per year?

Right now I'm doing about 15k into retirement accounts, but I am trying to do more

*First world problems*
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Just work and save money then get fired for a vacation on unemployment.
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Tauros posted...

Screw retirement. A bus could hit you tomorrow. Or you could have a brain aneurism in your sleep tonight.

Food and water are necessities for survival, so you only need to make enough pennies to eat and drink water. Unless you can become entirely self-sufficient by living off the land, which is much more difficult than actual labor, probably.

Think about it in terms of odds. Chances are high that you will live to retirement age. That is why governments and companies have been having budgetary issues paying out pensions (that and they greedily and stupidly used money that was supposed to be set aside for that purpose instead as a discretionary fund), because many people are living into those ages.

Living a life of scraping by only adds stress and would probably shorten your lifespan, especially since surprise health issues would financially ruin you and so you may not get critical care. The first thing you should do is become debt-free. After that, any investments you have work for you. Living off capital is a lot easier and far more lucrative than living off whatever small parcel of land you can manage to squat on.
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BlackDruidLOL posted...

How much should i be saving per year?

Right now I'm doing about 15k into retirement accounts, but I am trying to do more

Is that 15k solely your contribution (i.e. no employer match)? Because that's near the annual limit. Either way, that's a decent amount and you're doing fine.

Here's a simply calculator: http://www.investinganswers.com/calculators/saving/simple-savings-calculator-how-much-could-i-save-over-time-3679
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1337toothbrush posted...

Think about it in terms of odds. Chances are high that you will live to retirement age. That is why governments and companies have been having budgetary issues paying out pensions (that and they greedily and stupidly used money that was supposed to be set aside for that purpose instead as a discretionary fund), because many people are living into those ages.

All life is is a series of delaying death. You've been doing the same thing every day since you were born: eat, drink, shit, piss. When you try and make it serious with these retirement funds and pensions, it misses the entire point of life. You're going to lose in the end, anyways. Kaput!

Living a life of scraping by only adds stress and would probably shorten your lifespan, especially since surprise health issues would financially ruin you and so you may not get critical care. The first thing you should do is become debt-free. After that, any investments you have work for you. Living off capital is a lot easier and far more lucrative than living off whatever small parcel of land you can manage to squat on.

I'm... pretty sure jobs that have employees with the highest rates of stress and heart diseases are jobs that would be considered lucrative.

Again, you're missing the point. Life is so, so simple, and you can get by just fine on a day to day basis by making a smaller amount of pennies than you do now. You've been brainwashed since you were little that you need all the latest gadgets and gizmos, but it's all a capitalistic social game.

Tauros posted...

All life is is a series of delaying death. You've been doing the same thing every day since you were born: eat, drink, shit, piss. When you try and make it serious with these retirement funds and pensions, it misses the entire point of life. You're going to lose in the end, anyways. Kaput!

But you can greatly improve your lot in life through investments, thus delaying death further while also improving the quality of life of those years.

Tauros posted...

I'm... pretty sure jobs that have employees with the highest rates of stress and heart diseases are jobs that would be considered lucrative.

Again, you're missing the point. Life is so, so simple, and you can get by just fine on a day to day basis by making a smaller amount of pennies than you do now. You've been brainwashed since you were little that you need all the latest gadgets and gizmos, but it's all a capitalistic social game.

Regardless of job, if you can save and invest then you should. You're making assumptions about me but you're way off. I live a minimalist life. I drive a cheap and simple car, use an old phone with a $30 a month unlimited plan (very useful, it's paid itself back in utility), live in a modest house, and pay $15 a month for the lowest tier of internet (10mbps. I don't even subscribe to cable nor do I have a TV). Could I do with less? Sure, but it'd impact my quality of life. If you're all about the bare necessities, then why are you on the internet?
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But you can greatly improve your lot in life through investments, thus delaying death further while also improving the quality of life of those years.

Once we get to the idea of "improving", things become tricky. I mean... improve what? As long as we have the bare minimum necessities covered, it's then just a matter of entertaining yourself until you die. Unless you get entertainment out of slaving away and fantasizing about some future that you don't exist in yet, and possibly won't at all, and definitely will not after a certain amount of time, then life really starts to suck at this point.

Regardless of job, if you can save and invest then you should. You're making assumptions about me but you're way off. I live a minimalist life. I drive a cheap and simple car, use an old phone with a $30 a month unlimited plan (very useful, it's paid itself back in utility), live in a modest house, and pay $15 a month for the lowest tier of internet (10mbps. I don't even subscribe to cable nor do I have a TV). Could I do with less? Sure, but it'd impact my quality of life. If you're all about the bare necessities, then why are you on the internet?

I'm not making any assumptions about you, I'm not talking about you directly. Just the system in general. Of course, I enjoy getting what i want, too. But is it ever enough? All the nice little trinkets in the world are never enough to completely satisfy. But that's not to say I don't enjoy these trinkets. They're definitely fun to fiddle with from time to time.

Aww. That's cute. Life's sooo hard. If only I could stay in my parent's basement and get paid to eat bbq hot pockets and write creepy pastas for a living.

Working rules. Putting in a good day's work, getting paid for your time and having a gratifying profession is one of the best joys of life.

Tauros posted...

Once we get to the idea of "improving", things become tricky. I mean... improve what? As long as we have the bare minimum necessities covered, it's then just a matter of entertaining yourself until you die. Unless you get entertainment out of slaving away and fantasizing about some future that you don't exist in yet, and possibly won't at all, and definitely will not after a certain amount of time, then life really starts to suck at this point.

It's up to the person. If you want something more out of life, you work towards that. When you're satisfied, you stop working. It's as simple as that. Building enough capital will let you achieve the key "stop working" part. Living off the land will have you working until death. If that's what makes you happy, go for it.

Tauros posted...

I'm not making any assumptions about you, I'm not talking about you directly. Just the system in general. Of course, I enjoy getting what i want, too. But is it ever enough? All the nice little trinkets in the world are never enough to completely satisfy. But that's not to say I don't enjoy these trinkets. They're definitely fun to fiddle with from time to time.

You're definitely making assumptions about someone. Again, it's up to each individual to decide for themselves what's really important to them. If they decide they want short-lived, expensive thrills that'll keep them on the work treadmill for the rest of their lives, that's their prerogative. Building up a retirement fund does not contribute to an endless treadmill, in fact it's the opposite.
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Wii_Shaker posted...

Aww. That's cute. Life's sooo hard. If only I could stay in my parent's basement and get paid to eat bbq hot pockets and write creepy pastas for a living.

Working rules. Putting in a good day's work, getting paid for your time and having a gratifying profession is one of the best joys of life.

Hey you aren't going to win good boy points writing like that. Looks like you won't be getting mom's famous chicken tendies tonight.
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Wii_Shaker posted...

Aww. That's cute. Life's sooo hard. If only I could stay in my parent's basement and get paid to eat bbq hot pockets and write creepy pastas for a living.

Working rules. Putting in a good day's work, getting paid for your time and having a gratifying profession is one of the best joys of life.

Bro I can't write a creepy pasta for beans but I love me some hot wings.
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Tauros posted...

Once we get to the idea of "improving", things become tricky. I mean... improve what? As long as we have the bare minimum necessities covered, it's then just a matter of entertaining yourself until you die. Unless you get entertainment out of slaving away and fantasizing about some future that you don't exist in yet, and possibly won't at all, and definitely will not after a certain amount of time, then life really starts to suck at this point.

I'd rather entertain myself by taking multiple vacations each year and several weekend getaways while sparing no expense versus sitting around in some dumpy apartment playing video games on my days off from work eating crappy food because "I have the bare necessities". Do you smoke a lot of pot? (Just curious).

Saving is good. Regardless of it's eventual intended use, circumstances could change and it's still your money and yours to spend when you choose to spend it.

Most people who are making decent money do invest and save, so it's more about gaining a successful career and having money to save and invest in the first place. Investing and saving literally makes your money work for you. Once you have enough of it, you can be quite comfortable without having to work at all, or at the least, very little.
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Furthermore, saving and investing is essential for life's sometimes tremulous circumstances. If you get sick, get laid off from work, etc. you will have savings to maintain your lifestyle.

Life can be rough, and you see many people with financial difficulties after unforeseen circumstances---and some end up homeless or close to it. It's a wise move to have enough money saved up to where you can live an entire year---or more--- without working at all and without sacrificing your quality of life or standards.
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