Quote:
Originally Posted by chubbybastard
Don't forget to add in continental car expenses, petrol, ERP, Parking, insurance premiums, medical expenses, dental, occasional fine dining, monthly gold class movie, occasional business class flight and Dome L atas escorts for $800/1/1. So you work till you drop dead.
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these not realistic la, unless your work income is $20k a month for decades.
basic living can be cheap, yes. very doable as you mention earlier
is what sort of lifestyle do you plan for during retirement.
most people unrealistic for this part, thats y can never retire.
As another bro mentioned about children.... i'm sorry man. Children, yes they suck a big chuck of your wealth off you even if you just feed them for 20 yrs then kick them out of your house to survive without depending on you. The difficulty of reaching retirement will increase several fold with children unless you are at least top 10% earner.
thats why now i try to look after my parents as i understand a lot of their money, time and effort spent on me. And remember dont treat children as an investment, it will never pay back all your capital one. Worst investment ever.