Wife and I lived in Vernal Utah for a few years out of school. Rent was $400/mo For our apartment then our condo was about $50k! We moved to Houston and upgraded to an $80k condo near Richmond Av. and Gessner. Bought a really nice place in Farmington, NM for $250k on a couple acres for about 5 years.

We saved 100% of wife's salary and maxed out 401k's, IRA's and then ATAX accounts. Had a few wins and a major loss on homes along the way. Getting ready to cash in on our home in the Heights but will be offset by stupid home prices in SW Colorado.

Point is, we lived well below our means for over 20 years. Made great money in the last 10 years but our combined income for the first 10 likely didn't exceed $170k. When I graduated in 1999 as a PETE, oil was $10/ bbl summer of 1998 and felt lucky to have a job for $48,500 a year in BFE Utah (it was actually great, the Green River was just an hour away!)

Making savings a priority is a mindset and takes discipline that many people just don't have.

Just because you can't pull of a good savings rate doesn't mean nobody else can. Living below your means is not a difficult concept to grasp.

But good job trying to spin this into a political debate.

62strat said:

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Dang we don't save near as much as some of the numbers in here

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Most don't

SF2004 said:

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Another TexAgs bull**** thread. This place is the greatest collection of 30 year old millionaires that no one knows about.

Two posters on here advocating for INDEPENDENT LIFESTYLE while voting democrat who think daddy government owns everything.

65% or 75% savings rates? lol at least make it believable. One can only attain that by living in your moms basement or in areas of town I know young professionals would not live in.

Could someone share their calculations of the future value of 1 ply vs 2 ply TP?


FIRE lifestyle is awesome but no need to bull*****

---

Wife and I are 25 and 26 making solid incomes. Current savings rate is 40%, but if we tightened things up it would easily be 50%. If we decided to move out into the burbs, we could definitely hit the 60% or better numbers mentioned here, we just choose not to because we enjoy being close to the city center at this point in our lives. As our income continues to rise and even with some lifestyle creep, which I am very keen to avoid, its not at all unlikely that by 30 we will see our savings rates well above 50% until we choose to have children.

Just because you or I aren't willing or able to cut expenses to a certain level or live in a certain place doesn't mean others aren't or that they're lying.

RangerRick9211 said:

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PearlJammin said:

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Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Nobody is advocating to only invest in the US if your doomsday forecast comes true

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

RangerRick9211 said:

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PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

---

Land, metals, and guns are certainly part of my leverage, so to speak. I have no idea how the market will react in this scenario, but the gubmit is printing 5 fking Trillion dollars over the next 4 months and a bunch of blatant crooks are running the show. 5 Trillion dollars. 10 years ago economists would laugh in your face if you told them this. How is this sustainable?

What I do know is that we've experienced a bull market like few others while injecting trillions into the system. What happens when the printing stops?

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

---

Land, metals, and guns are certainly part of my leverage, so to speak. I have no idea how the market will react in this scenario, but the gubmit is printing 5 fking Trillion dollars over the next 4 months and a bunch of blatant crooks are running the show. 5 Trillion dollars. 10 years ago economists would laugh in your face if you told them this. How is this sustainable?

What I do know is that we've experienced a bull market like few others while injecting trillions into the system. What happens when the printing stops?

---

So basically non appreciating assets (or low in the case of land)

If the zombie apocalypse happens, good luck keeping any of them

The printing is short term due to the pandemic, and the interest in the debt is low because of interest rates.

Sure, if interests rates spike to 10% and we are borrowing at the same rate we are in for done troubled times but that's not looking likely.

SF2004 said:

---

Another TexAgs bull**** thread. This place is the greatest collection of 30 year old millionaires that no one knows about.

Two posters on here advocating for INDEPENDENT LIFESTYLE while voting democrat who think daddy government owns everything.

65% or 75% savings rates? lol at least make it believable. One can only attain that by living in your moms basement or in areas of town I know young professionals would not live in.

Could someone share their calculations of the future value of 1 ply vs 2 ply TP?


FIRE lifestyle is awesome but no need to bull*****

---

i assume you're referring to me, i know the politics board loonies get a little flustered when they see a dirty ole lib do well for themself.

i'm in tech and the wife is an np. in laws live nearby and help with childcare. bought a cheap house in a transitioning neighborhood in the city that's close to the nice stuff without making us house poor. cook most meals and vacations are usually road trips and camping. all that combined makes 75% saving rate comfortably achievable.

no, it's not realistic for most people. we're very blessed and that isn't lost on us.

PearlJammin said:

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Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

most in the FIRE community are biased toward thinking the doomsday scenario you're describing won't happen in our lifetimes. part of determining your FIRE target is probabilistic modeling of future market performance benchmarked against past performance. events like the Great Depression, dot com bubble, Great Recession, and now even COVID are built into the forecasts.

many have predicted doom and gloom in the economy for centuries, yet it continues its slow creep ever upward. that won't always be the case, but we're making the bet that's far enough down the line that we're not worried.

Brian Earl Spilner said:

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Quote:

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In a dual income household of professionals, $300k combined income by early 30s isn't that hard to pull off.

---

Probably not as easy as you're making it out to be, either.

---

Very true. It'a a high income level for sure. But you have to keep in kind the community we have on here too.

Almost all graduates of a respected university, mostly living in a rapidly growing state with a much stronger economy than most places, and a reasonable cost of living (losing this one fast, but still better than the coasts for the most part), and this board in particular focuses on the most financially-minded subset of that well-situated group.

I fully recognize that we as a board are not at all representative of the population in general, and to the vast majority of the country, my comment about 300k combined income by early 30's may as well have said "let them eat cake", but to the audience here, I think it's pretty applicable.

AggiEE said:

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PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

---

Land, metals, and guns are certainly part of my leverage, so to speak. I have no idea how the market will react in this scenario, but the gubmit is printing 5 fking Trillion dollars over the next 4 months and a bunch of blatant crooks are running the show. 5 Trillion dollars. 10 years ago economists would laugh in your face if you told them this. How is this sustainable?

What I do know is that we've experienced a bull market like few others while injecting trillions into the system. What happens when the printing stops?

---

So basically non appreciating assets (or low in the case of land)

If the zombie apocalypse happens, good luck keeping any of them

The printing is short term due to the pandemic, and the interest in the debt is low because of interest rates.

Sure, if interests rates spike to 10% and we are borrowing at the same rate we are in for done troubled times but that's not looking likely.

---

Not so sure about that. We might be entering a spiral that we can not exit. You think Democrats have an ounce of economic sense? Republicans are just as bad. LOL

Can the FED Print Forever? LOL

Quote:

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If the Fed were to ease up "printing money," we might see significant deflation, like Japan in the 1990s. Worst still, we might see rapidly increasing inflation. This would produce the secular stagflation former Treasury Secretary Larry Summers has spoken ofremember President Jimmy Carter?

---

Quote:

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All other things being equal, the U.S. dollar status as the global reserve currency could be expected to progressively decline.

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Quote:

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With hopes that our trusted guide has led you this far, one must ask: how real is this threat? Consider this:
October 13, 2020: China news outlet Xinhua reports that China's central bank and the municipal government of the southern tech hub Shenzhen have finished handing out "digital yuan red packets" totalling RMB 10 million (USD 1.49 million) in what is seen as the first public test of the country's official digital currency.
In simplest terms, as Modern Monetary Theory economists assert, perhaps the Fed can "print money" forever. Well, unless China can demonstrate it has the technological know-how, political will and economic strength to threaten the U.S. dollar as the global reserve currency, of course.

---

Old McDonald said:

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PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

most in the FIRE community are biased toward thinking the doomsday scenario you're describing won't happen in our lifetimes. part of determining your FIRE target is probabilistic modeling of future market performance benchmarked against past performance. events like the Great Depression, dot com bubble, Great Recession, and now even COVID are built into the forecasts.

many have predicted doom and gloom in the economy for centuries, yet it continues its slow creep ever upward. that won't always be the case, but we're making the bet that's far enough down the line that we're not worried.

---

Thank you for this explanation. I certainly hope the FIRE folks are correct. One in every 5 dollars was created this year, and there is no such thing as reduced spending in Washington. Only higher taxes.

PearlJammin said:

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Old McDonald said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

most in the FIRE community are biased toward thinking the doomsday scenario you're describing won't happen in our lifetimes. part of determining your FIRE target is probabilistic modeling of future market performance benchmarked against past performance. events like the Great Depression, dot com bubble, Great Recession, and now even COVID are built into the forecasts.

many have predicted doom and gloom in the economy for centuries, yet it continues its slow creep ever upward. that won't always be the case, but we're making the bet that's far enough down the line that we're not worried.

---

Thank you for this explanation. I certainly hope the FIRE folks are correct. One in every 5 dollars was created this year, and there is no such thing as reduced spending in Washington. Only higher taxes.

---

Your doomsday scenario is valid now more than ever though.

We are living an evolutionary leap in change right now that some people just write off as "we've always had to deal with stuff like this".

Not really. All you have to do is look at the cataclysmic levels of spending since 2008 and that is completely unsustainable. The only thing saving our ass is USD is the reserve currency. If that gets usurped then all bets are off.

My FIRE money is all 1's and 0's for the most part, so I have no illusion that I can just tiptoe through the tulips from here on out and not worry about anything. The current administration is going to do its best to make it hard for people to build wealth and then keep it. This is one of the main reasons my wife and I are cutting our spending so dramatically because we may need every damn dollar to our name going forward.

That nice big cushion could move much closer to the minimum to get by if our current trends continue.

i have minimal expenses, work full time and also do side jobs doing various forms of work on the side. how is that not believable?

SoupNazi2001 said:

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RangerRick9211 said:

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PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

---

Look this is the problem the two scenarios aren't Zombie Apocalypse or Raging Bull Market. The problem is people especially the younger generation think stocks basically only go up. There is a very real scenario where stocks basically don't go up for a decade or more. Look at Japan after the 80s once their debt to GDP skyrocketed. That is a very real scenario here.

---

If you are globally diversified this is unlikely to happen

SoupNazi2001 said:

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AggiEE said:

---

SoupNazi2001 said:

---

RangerRick9211 said:

---

PearlJammin said:

---

RangerRick9211 said:

---

PearlJammin said:

---

Just had baby #6. It was quite the surprise because there was a 10 year gap between #5 and #6. I'm 44 and wife is 43. She stays home.

Have a mid-level management job with one of the best companies in the world. Save about 50% of gross income and currently saving for a lakehouse for the growing family to congregate during Holidays, etc. I'm very happy with my job but want to get out in nature more, especially when grandkids come along.

The thing I worry about most is the inevitable financial collapse of this country. I don't mean to diverge from this thread, but many of the savers on this thread will likely need to find work when the SHTF. Our leaders are blowing multiple Trillions annually and acting like everything is OK. It is not.

---

Wow. Quite the diverge.

Why are you saving 50% of gross into a system doomed to fail?

---

Not too hard to understand. Good luck to you.

---

Certainly, godspeed to you. But seriously, what's your vehicle? Guns and tampons for the apocalypse? Straight cash isn't any better than equities in a nuclear scenario. They're both toast.

I have an incredible bias. I'm leveraged on the Qs and SPY. My thesis is that debt, Fed, inflation et al. won't be a hindrance in my lifetime and will be a sustaining tailwind. I'll unwind at RE and we're working to a healthy, leg-up nest egg for our kid.

---

Look this is the problem the two scenarios aren't Zombie Apocalypse or Raging Bull Market. The problem is people especially the younger generation think stocks basically only go up. There is a very real scenario where stocks basically don't go up for a decade or more. Look at Japan after the 80s once their debt to GDP skyrocketed. That is a very real scenario here.

---

If you are globally diversified this is unlikely to happen

---

Stocks are heavily correlated these days. See 2008 and 2020 for recent examples. They all declined together.

---

Stocks being highly correlated does not disprove my point. Just because stocks tend to move in the same direction, does not mean the magnitude and dispersion of returns is the same.

Look at International stocks, for instance. They've had somewhat of a "dead decade". Sure, on a day-to-day basis they tend to move in the same direction as the US market, but US stocks have annualized returns of more than double International stocks this past decade (13% vs 5%). That's a wide dispersion of returns.

If you look closer at the US out-performance, you will notice compelling arguments that suggest that much of this is not due to fundamental earnings growth being massively better. In fact, 75% of it is just a change in valuations (speculative increase in price).

Read an interesting article by Bloomberg about this. He argues that the US should have tracked more closely to the International stock market coming out of the great financial crisis of 2008. Instead, the two diverged. Now in 2021, the difference in CAPE for US and International is some of the largest that we've seen. If you believe that earnings ultimately matter, and that the valuations of stocks eventually mean-revert, then investing globally is a promising move right now.

Robert Shiller argues that the higher valuations of US stocks (30-35 at the present moment, depending on the metric used) is justified due to low interest rates. However, if that were true, why are International stocks trading at half the valuations (close to 18)? Interest rates in many international countries is even lower than the US. Either US is wildly overvalued, or International is wildly undervalued.

https://www.bloomberg.com/opinion/articles/2020-12-11/investors-risk-being-shipwrecked-on-shiller-s-cape

These threads always crack me up. They are the product of a 12 year bull run and a lot of younger guys that just don't know any better. Would love to revisit threads like this if and when we are a couple of years into a major correction. Have a few kids, have your wife stay home from work, and wait till those kids become teenagers and come back to me about that savings rate.

Kind of the point of maximizing savings when you don't have kids.

He sounds mad

Nah. Top 1% net worth for my age and top 2% income. Just as serious about my savings and investing rates as anyone. Just don't think we will be seeing as many FIRE blogs/websites/threads from 25-35 yr olds (many of which are DINKS, or families with 2 incomes) if and when we get into a major correction. Let alone one that lasts for years.

Not really. You're an outlier to the point I'm making. Congrats though

To be chasing FIRE IS to be an outlier.

30wedge said:

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I had a married couple as clients, two teachers though the male half later became an administrator, that saved every spare dime they made and possibly some stuff they inherited. They were retired by the time they became my clients. Only child was a teacher as well (an Aggie). He retired at a fairly young age and moved up near Huntsville on some acreage. His parents called me and asked if I thought it would be a good idea to sell their home and move up near him. My reply was why not. They decided to make that move. They had a couple hundred thousand in savings bonds and HH bonds, and a couple million in certificates of deposit. The son called me a day or two after their call and said thanks for me talking to them. He said they were living in the same house they bought when they got married, same appliances for the most part, and had never gone on a vacation the entire time they were married. Not one. They did die pretty well off though.

---

Who benefitted from them dying "well off"?

Not them.

Maybe they wanted their children and grandchildren to have a good life. Most people who aim for wealth are trying to give their kids an advantage

I don't know about others, but our FIRE forecasting assumes a historically representative return (closer to 6%). the people with the discipline and financial savvy to pursue this goal typically know better than to just assume they'll always have 13% returns every year.

the investment horizon for FIRE is so long that you don't really get worked up about short term bull and bear runs, even the 12 year ones. and if you're that fearful of a prolonged major correction happening at the worst time, you can build it into your financial goals as a risk tolerance and plan for it as best you can.

SoupNazi2001 said:

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I don't think US vs Intl stocks matters near as much as it used to. Most of the large tech and S&P 500 names have a material amount of revenues from foreign countries. Large US firms are already global and growing those businesses where it makes sense.

---

You could have made the same argument about Japan in the 80s.

Valuations matter.

Ed Carter said:

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Nah. Top 1% net worth for my age and top 2% income. Just as serious about my savings and investing rates as anyone. Just don't think we will be seeing as many FIRE blogs/websites/threads from 25-35 yr olds (many of which are DINKS, or families with 2 incomes) if and when we get into a major correction. Let alone one that lasts for years.

---

All the more reason to build as much of a nest egg as they can now while they have the ability to save at a super high rate, and the time to let that investment grow for 30 years. That's kinda the whole point.

John Francis Donaghy said:

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Ed Carter said:

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Nah. Top 1% net worth for my age and top 2% income. Just as serious about my savings and investing rates as anyone. Just don't think we will be seeing as many FIRE blogs/websites/threads from 25-35 yr olds (many of which are DINKS, or families with 2 incomes) if and when we get into a major correction. Let alone one that lasts for years.

---

All the more reason to build as much of a nest egg as they can now while they have the ability to save at a super high rate, and the time to let that investment grow for 30 years. That's kinda the whole point.

---

Yeah, I think Ed's missing the point here. This younger generation also thinks about money differently than we do as well.

Fire stands for financially independent, RETIRED early. But I appreciate you guys lecturing me on the idea of saving more money while you don't have kids and allowing compound interest to do it's thing never heard of that idea before. My point was that if we get into an extended bear market you are going to see a lot of this fire talk disappear. There's a direct correlation with fire websites/blog/conversations, 25-35 year olds, and an overvalued 12 year bull market.