A 35 YO woman with no retirement savings… huh

[LonestarParticipant 333]

ForeverDone wrote:

How do they pay for that crap?

Both have good jobs. High income and wealth aren’t the same thing. Lifestyle while working is result of a paycheck, lifestyle with no job is the result of wealth.
The problem comes when someone stops working, and we all eventually stop working for one reason or an another.
The only way to get wealth is to live on less than you make and invest the difference (or have someone give you money. good luck with that). Women generally aren’t strong at differed gratification.

So often times it happens that we live our lives in chains and we never even know we have the key. Eagles

[ForeverDoneParticipant 2928]

sidecar wrote:

ForeverDone wrote:

They used to. It was called home economics. I think the feminists killed that course.

Naw. Home economics was cooking and cleaning and sewing and s~~~. Things girls should presumably learn from their mothers, but where I grew up all they learn is how to cash a welfare check.

The actual money management class was called “personal finance” or “personal economics” or something like that.

ForeverDone wrote:

Budgeting is not that hard.

But again, how do you teach the responsibility to actually do it?

You can lead a whore to knowledge, but you can’t make her think.

When I took it, they taught how to make a household budget.

Usually, until people experience no money or work for it themselves, they don’t understand there is no money tree in the backyard. In addition, while many people want kids, they just cost so much these days. Why, I really do not know, but they do. When couple’s or women say I want kids, most do not plan. They just said we’ll make it work or figure it out. Yea, that doesn’t work well these days. People need to live on a budget. If Bill Gates and Warren Buffett have personal budgets, so do I. It’s a loose budget, but I make sure there is meat at the end of the month. I also contribute 20% to my retirement, $100.00 a month to savings, and $100.00 to personal investments at Vanguard. On top of that, I use an app called Acorns which rounds every charge up to a dollar and invests the difference in the market.

It’s so important nowadays to look around and not through tunnel vision. The problem is, many millennials and women (of all ages) who’ve been taken care of by another person or their parents do not understand this. So, when they move out on their own, and then they get hit with FICA, medical insurance, taxes, insurance, utilities, cable, car, food, clothes, etc. They are like WTF. Now, you want kids? How can I or we afford them? Plus, they do not want one, most women I’ve dated, want two or three.

We, as a country, are screwed. Mainly due to the costs of living and the inability for most to stick to a budget. Mint.com makes it pretty easy to do. I use a spreadsheet and most of my costs are fixed. Only variables are insurance and utilities.

[ForeverDoneParticipant 2928]

Lonestar wrote:

ForeverDone wrote:

How do they pay for that crap?

Both have good jobs. High income and wealth aren’t the same thing. Lifestyle while working is result of a paycheck, lifestyle with no job is the result of wealth.
The problem comes when someone stops working, and we all eventually stop working for one reason or an another.
The only way to get wealth is to live on less than you make and invest the difference (or have someone give you money. good luck with that). Women generally aren’t strong at differed gratification.

Yea, that’s the issue. All the women around my age want to stop working and raise the “kids” and live off one income. They are nuts. I just have my fun and move on. Of course, they want to also live in very upscale neighborhoods as well. I think many women are living in la la land.

I have no doubt, at least in Metro NY, all average looking women or above will be able to find a male to do this, but that will not be me.

I wish women were logical. Then, people can sit down and plan things out.

[sidecarParticipant 35837]

ForeverDone wrote:

We, as a country, are screwed. Mainly due to the costs of living

Gotta pay for all that welfare somehow. You think companies are going to pay for it? Hell no. They just pass the cost on to the consumer.

and the inability for most to stick to a budget.

Which is mostly congress and other welfare parasites.

And everyone else has to pay for it. That, right there, is the problem. Cutting off welfare would solve so many of society’s problems.

[ForeverDoneParticipant 2928]

Gov. Scott Walker of Wisconsin is proposing to drug check all recipients of welfare. I think this should be adopted nationally and you’d see how much our deficit goes away. If a person is of sound mind and body, there is no reason not to work.

Drives me nuts seeing a female at the store buying food that I am paying for with food stamps as she’s talking on a iphone. It’s not right nor sustainable.

[FrostByteParticipant 19005]

ForeverDone wrote:

In what right mind does a woman at 35 have not setup a retirement account? I thought it was a rarity, but I’ve know a few thus far. They earn $$$, but no retirement account.

Actually it’s very common especially in my age bracket. There are lots of woman, widows and divorcees, without any means of support and getting too old to be hired. I predict it will be epidemic in the next 10 years. They were raised to rely on men solely for income and many were discouraged from education and even working. Look up how many woman are dating in the 50+ age on any dating site. If they are self employed it means they clean homes or baby sit to survive. For the older MGTOW they are walking landmines to be avoided at all costs. I can’t blame them too much. A lot of it was from programming from the generation before them. Regardless there will be many homeless old woman in the future.

If you rescue a damsel in distress, all you will get is a distressed damsel.

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