Replies

“Bidenomics snares another victim.

I went out in 2019. I had a decent retirement plan that would ensure (but not guarantee) solvency and a modest lifestyle for the foreseeable future. I guess I need glasses because I didn’t foresee how much carnage FU Biden and the left would do to us.

Now I gotta feeling I’m gonna be greeting Wally World customers til the day I die...”

_________________

If I hadn’t been so irresponsible with our finances, I probably would be retiring this year.

But alas, me and personal finances have been on a separate track for years. Finally, about 7 years ago I started to stir from my slumber, came out of hibernation so to speak and started making a move towards achieving adulthood.

Actually the easiest starting point for us was to pay of our mortgage, a 15 yr fixed which we did in a little over 12 years. Then we snowballed our considerable credit card debt that took another 2 years. Then we attacked our personal loans and such. In the mean time I got stupid and bought a new truck with payments in late 2020. It is a nice color though, matches my favorite fishing rod.

While we were going after our debt we were also increasing our retirement investing which is you know not a fun thing to watch, and putting cash aside also. So we have reduced the amount of outgoing dollars payable to banks and other institutions by a lot and have reduced the number of checks we write every month and finally in general we feel good about our situation.

This now bring me to my actual point. And that point is, had we been financially mature 35 years ago we would have saved enough monies to have plenty to retire on regardless of the current situation. If we had stirred from our slumber 20 years ago we would have more money saved then we do now but not enough to weather this storm. But we started full bore 7 years ago and this meant we had to stay in the workforce longer which given this situation is ok because we didn’t, as my brother did, retire just before the current crisis only to see everything economic go south with a vengeance.

So not the best situation but ok I guess as we buy in the dip if things get back to a positive economic situation and we save diligently and work longer and put off collecting social security and with no debt I think we are in decent shape, this in spite of our delayed maturity.