It's Now Almost Impossible To Save For Retirement

[Faust For ScienceParticipant 22531]

“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.

[Jan SobieskiParticipant 28791]

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.

[Blue SkiesParticipant 15665]

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-tape

the 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.

[LurchParticipant 3866]

Blue Skies wrote:

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.

[Jan SobieskiParticipant 28791]

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.

[Oz-BlokeParticipant 3233]

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

[FearlessMGHOWParticipant 1928]

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

[BeerParticipant 11832]

FearlessMGHOW wrote:

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.

[ResidentEvil7Participant 9551]

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/

[RennieParticipant]

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.

[FearlessMGHOWParticipant 1928]

Beer wrote:

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.

Rennie wrote:

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

[Anonymous 42]

FearlessMGHOW wrote:

I 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!

[FearlessMGHOWParticipant 1928]

Anonymous wrote:

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

[RennieParticipant]

FearlessMGHOW wrote:

Beer wrote:

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.

Rennie wrote:

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.

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