Tagged: 401k, Australia, broke governments, pension fund, ponzi scheme, superannuation, UN Pension
This topic contains 12 replies, has 10 voices, and was last updated by FearlessMGHOW 3 years, 9 months ago.
- AuthorPosts
“It’s Now Almost Impossible To Save For Retirement”
I found this article today: http://www.zerohedge.com/news/2016-04-25/its-now-almost-impossible-save-retirement
The title is self-explanatory. As I read it, I felt relief and vindication that I decided a long time ago not to be a hamster on a wheel. Even back then, I saw no real point to saving because there was no true way to save. And I also have stayed out of debt.
I can only imagine how all the those that keep the system going and protect the system are going to react that those pensions they were promised are not going to be there.
I think I will make some popcorn and get a beer. Because this might be the spark that set the whole tender box ablaze.
If this were a Shakespearean play, I would likely be cast as “The Fool”. Neither a lender, nor borrower be.” But, then I am the fool, or just someone fooling others into thinking I am the fool, so I will not be the one blamed for all this mess.
Great find my man.
Don’t forget if you do save, my fear is the government will just take it to pay off the national debt.
Americans have 21 trillion in 401ks. The national debt, on paper is 19 trilion.
Love is just alimony waiting to happen. Visit mgtow.com.
they keep printing out money out of thin air….
did you know
QE ended in Oct 2014. What is QE? total 3.5 TRILLION in printed money by the federal reserve http://www.bloombergview.com/quicktake/federal-reserve-quantitative-easing-tapethe only reason us inflation is not crazy high is cuz many smaller countries buy US dollars b/c their currency is even worse…….eg. Venuzuala
in order to save, you must invest wisely.
MGTOW is not a movement, it is a way of life.
in order to save, you must invest wisely.
Like in commonly used caliber ammunition. Just try to barter with specks of gold or worthless pieces of green paper, once society falls.
Now offer a box of 9mm Luger or 5.56×45 rounds, something you can use and let see how much you can get in return. I would say far more than you would with anything people invest in today.
Blue-Pill Virgin: Women hate me! That's what it is.
MGTOW Man: Hate them back; it works for me.Not to hijack brother Faust but
http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/
That’s why I always beat the frugality drum. Pay yourself first. Shop at thrift stores. Stop buying useless s~~~.
Material goods are not a source of happiness.
If you count driving to Mt. Rushmore and sleeping in my car a vacation. I have been on one vacation in my adult life.
We can argue about the long term financial advice, but every man should have three months salary/ expenses. Liquid. Cash. If you cut back and save, it’s yours.
One dollar not spent will be worth 7 in your retirement.
I know, eating at home, driving a used car. Using the old cell phone.
Separate your needs from your wants.
Love is just alimony waiting to happen. Visit mgtow.com.
Here in Australia we have a forced retirement savings program called superannuation. It’s a system where employers wear the cost of putting the equivalent of at least 9.5% of your wage into your desired superannuation fund. Over the years I have had several superannuation funds and they all encourage me to put in extra contributions, but I see it as one massive PONZI scheme. I tell them to get stuffed and that I have far better ways to invest my money.
Most superannuation funds are heavily invested in the share market. I don’t believe in shares or the share markets because of all the financial fraud and misreporting that has been exposed in the financial markets around the world. In the future, broke governments will not be able to resist the temptation to plunder the trillions of $$$ lying around in pension funds and superannuation accounts.
Also, Australian superannuation funds have an appalling track-record when it comes to handling our retirement money –
Even the UN Pension fund has been accused of fraud – http://www.ai-cio.com/channel/regulation,-legal/un-pension-accused-of–massive-fraud-/
Unfortunately where there is money, there are crooks.
#ManOut
Well, if you’re a MGTOW it’s not impossible to save for retirement. It’s only impossible to save if you have children and a wife to take care of.
But, if you work more than 1 job, which is what I plan on doing for about 20-25 years, and live well below your means in a cheap apartment or living space, you can even retire somewhere in California.
I plan on retiring in a South American or Asian country because those countries are really cheap to live in with US dollars.
Men age like fine wine. Women age like milk. "One hundred women are not worth a single testicle." -Confucius
Well, if you’re a MGTOW it’s not impossible to save for retirement. It’s only impossible to save if you have children and a wife to take care of.
Most definitely. One of my buddies for example has to fork over 2k a month to the ex. 2k x 12 x 18 years = 432,000 dollars. But more realistically saving 24k a year for 18 years if you averaged 7% a year market returns you’d end up with about 850,000.
This doesn’t even take into account all the money the guy lost in the divorce itself. Had he simply never got married or had kids, he could easily have been a millionaire by his mid 40s…instead he’s not going to even be able to start getting serious about retirement until then.
I don’t see it being impossible, because here’s my plan:
1 Cut out things you don’t have to have; wife, kids, college (not too many job openings for grads), fancy cars, fancy Smart Phones every time they release a new phone every September.
2 Put a percentage of your money into a savings account that only YOU can touch, and that make that your retirement fund. Face it, the government stole your Social Security; put your money where they can’t touch it.
3 If you’re able to, live free with friends or relative like I do. While I’m not working right now, I’m living rent free with my dad. The only bill I have to pay is my car insurance (that’s coming up), which is $295 for 6 months. So I really don’t have a whole lot of bills to pay. But that’s just me.
4 Stay out of credit debt. As long as you’re going to pay for your items anyway, may as well pay for it when you do have all the money, because you’ll end up spending more on your items on interest. Use your credit for either emergencies or if you do have the money already and you just want to build credit.
5 Save, save, save, and more save. Start while you’re young. The older you get, the more you have to save at a time.
https://themanszone.webs.com/
I don’t plan on retiring completely. Other men in my family worked well into old age and they lived a pretty long time, in reasonable health and their ends were quick and not prolonged.
Though I am putting money aside for the future regardless.
This doesn’t even take into account all the money the guy lost in the divorce itself. Had he simply never got married or had kids, he could easily have been a millionaire by his mid 40s
Exactly. Since I’m doing it right the first time, I’ll be able to save up at least $1 million dollars by the time I’m in my mid thirties especially in my field.
I don’t plan on retiring completely.
I don’t think I’ll retire completely either. I’d end up having a part time job some where just to keep myself busy during the day, But, it’ll be nice to know that you can say “f~~~ you!” to your employer whenever you want.
Which is why I’m gonna save a portion of my money for retirement.
Men age like fine wine. Women age like milk. "One hundred women are not worth a single testicle." -Confucius
Anonymous42I plan on retiring in a South American or Asian country because those countries are really cheap to live in with US dollars.
Hey fearless, by the time you hit retirement the dollar may be near worthless throughout the world, we’re in such rapid decline we may have to set our sights much higher just to see the underside of Bangladesh. Nothing ends up where you thought it would, this is not the world I had envisioned, and it’s only getting worse. Best time EVER to be a MGHOW!
Hey fearless, by the time you hit retirement the dollar may be near worthless throughout the world, we’re in such rapid decline we may have to set our sights much higher just to see the underside of Bangladesh.
I agree there. Which is why I’m never going to retire completely. I’ll always be employed somewhere.
Men age like fine wine. Women age like milk. "One hundred women are not worth a single testicle." -Confucius
This doesn’t even take into account all the money the guy lost in the divorce itself. Had he simply never got married or had kids, he could easily have been a millionaire by his mid 40s
Exactly. Since I’m doing it right the first time, I’ll be able to save up at least $1 million dollars by the time I’m in my mid thirties especially in my field.
I don’t plan on retiring completely.
I don’t think I’ll retire completely either. I’d end up having a part time job some where just to keep myself busy during the day, But, it’ll be nice to know that you can say “f~~~ you!” to your employer whenever you want.
Which is why I’m gonna save a portion of my money for retirement.
To me it’s important to keep busy. Dementia/Alzheimer is worse than death.
- AuthorPosts
You must be logged in to reply to this topic.

921526
921524
919244
916783
915526
915524
915354
915129
914037
909862
908811
908810
908500
908465
908464
908300
907963
907895
907477
902002
901301
901106
901105
901104
901024
901017
900393
900392
900391
900390
899038
898980
896844
896798
896797
895983
895850
895848
893740
893036
891671
891670
891336
891017
890865
889894
889741
889058
888157
887960
887768
886321
886306
885519
884948
883951
881340
881339
880491
878671
878351
877678