4.7 • 643 Ratings
🗓️ 16 May 2024
⏱️ 23 minutes
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0:00.0 | People who saved all of their money at a young age instead of living, and now are 50 plus years old. |
0:04.8 | How are your lives today? Do you regret your life choices when it comes to the money aspect? |
0:09.0 | We scrimmed for decades. Our house is paid off. We have one car payment for three more months. |
0:14.6 | We have no credit card debt. Our retirement savings are ahead of schedule. Next week, we head to Iceland for my 52nd birthday. Totally worth it. |
0:22.6 | Nobody wants to be 75, sick, and too poor to quit working, no matter how much fun you had as a 20-something. |
0:28.3 | I did mostly stupid things in my early 20s, but I always put at least 15% of my income into 401k's |
0:34.3 | with matching benefits. After 24 years living the corporate middle manager cube life, |
0:39.0 | we had the means to purchase a wholesale nursery, and now I'm a flower farmer. I just walked |
0:43.3 | through my greenhouse with my dog with a cup of coffee, and I do not regret a penny of savings. |
0:48.3 | Losing my job as a fairly well-paid engineering manager in the defense industry and having |
0:52.3 | to sell my house during the housing crash in the early 90s ended up in retrospect being a defining moment in my current financial |
0:58.6 | well-being. It took roughly six years to get back to anywhere near my former career trajectory |
1:03.2 | after landing a good position in the cellular industry. Once Brunt twice shy, my wife, a registered |
1:08.3 | nurse and I bought a home that was about half the price the bank said we qualified for. Our reasoning being, if one of us lost our job, most likely me again, |
1:15.6 | because nurses, we wouldn't have to lose our home again. Fortunately, that never happened. We were |
1:20.2 | both able to advance in our careers and were able to pay off our mortgage in seven years, |
1:24.4 | fully fund our son's college education, max out our IRA contributions, and have |
1:28.3 | literally no debt. My wife just paid cash for a Subaru Forrester, not the fanciest of cars or a |
1:33.8 | status symbol by any means, but she loves it. Today is literally my last day at work before I voluntarily |
1:38.7 | retire early at the age of 58. I feel like this is for the most part going to be very one-sided, |
1:43.6 | except for people |
1:44.5 | who have had just rotten luck in finances or maybe property investment or something like that, |
... |
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