The faster one gets to their half a million nest egg the more they’ll gain in their lifetime. Could make them lazy while their investments are on auto pilot but then the younger workers would be busting their butts.
Could make them lazy while their investments are on auto pilot but then the younger workers would be busting their butts.
I remember when I was in my late 20’s in IT and we had a word for the old timers: LIFER - Lazy, Inefficient, F*** off, Expecting, Retirement.
And now I am definitely one of them. However, I learned that we are not inefficient. Rather, we can do as much work in one hour as the young guys can in 8, and we make better decisions, and make them much easier.
But still, since I’m planning on retiring any day, I am not a very good morale booster. It’s not much of a problem because we’re all WFH for the last year. I would have retired sooner but this makes collecting those weekly golden eggs WAY too easy. The day they end WFH is the day I retire.
Half a million? That won’t get you through your retirement years these days.
Everything I see means you need a million dollar nest egg.