I'm not saying everything he said is wrong, but taking financial advice about cost of living from the 70's is absurd today. Sure, key principles are still the same, but raising a family and owning a home has never been more expensive.
Anybody Buying Yet? Where’s the Bottom?
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Nick87
Well-known member
Totally and I agree with a lot of what he said too. I can't put all of my raises into savings however I try to put about 25% of each cola more in something. I can't quite swing all of it. We'll I could but im not banking on living forever either.
Big Sky Guy
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You can't make this stuff up.
Jack Ryan
Active member
Actually a lot MORE than that over a lifetime. So far. I AM NOT SAYING this is "all ya gotta do is..." or that is everything or they only thing. Somebody asked "What was the point where..." Something like that. These are SOME of the points I heard a little ding sometime shortly after and realized that one hit the target. There is a lot more than just that to a lifetime.
I'd already been alive a little while when the topic first came up. Apply it to your own situation or not, as you see fit.
I sold BRK.B today to buy SPCX at 135.
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Jack Ryan
Active member
There is ALWAYS a reason you can't. Everyone always has a reason.
Nick87
Well-known member
We try to be pretty good savers. But I called bs that you raised a family on the same pay you had at 22 while.you were 45 while saving all the raises.
Jack Ryan
Active member
I don't think I was so lucky as to get this advice when I was 22, for a start. If I did, I probably ignored as you want to. Figuring I already knew more than that guy, "if you are so smart why are you still here working in the same place I am". I didn't even start having kids until I was 30. Before that was pretty much all a waste financially.
It is not BS. IF I said I did it and I said that is what I did. That is exactly what I did. I don't care what you think. I'm doing YOU a favor. I NEVER ASKED YOU FOR ADVICE OR HOW YOU DID ANY THING.
Being good savers, is only half the solution. The world is stealing from you the whole time your "work value" is laying in the bank feeling nice and cozy. The banker, the insurance man, the city, state and feds are all stealing your work with out even looking at your bank book.
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Nick87
Well-known member
I dont think you understood my original question then. Very nice lawn you have there!
Jack Ryan
Active member
That may be. Post #1 or a different original question. I may not even be answering a question you asked. I don't pay much attention to who asked what unless it gets down to a one on one like we are here.
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