I didn't really plan this out, but I've essentially “gone Galt”. If things keep going the way they are going, I'll have plenty to retire on by the time I'm eligible to access the money (anther 10 years or so). In the mean time, I'm working less than half time teaching at the community college and doing a lot of nothing.
And that $20,000 + in taxes that I used to send to the government every year? Well, nobody calls me an evil capitalist who doesn't pay their fair share any more.
Back on this topic, I “lived like noone else”, so I don't have all the stuff that folks with my kind of net worth generally have, but I built that net worth up on a relativley small income.
And every bit of it came from good parenting. I don't have kids of my own, but those of you who have these Gen X children, you have to model good behaviour to them. You can't depend on the government to do it for you.
“And every bit of it came from good parenting. I don’t have kids of my own, but those of you who have these Gen X children, you have to model good behaviour to them. You can’t depend on the government to do it for you.”
Their is an old saying. Poor folks have poor ways. Our goal as a society should be to teach children good life strategies, including knowledge about money and good morals.
Bad morals is costing the Government hundreds of billions of dollars a year.
I have also see highly educated people (at least on paper), be very ignorant about money.