> I'd rather enjoy my life in my 20s than save money to do nothing in my 40s.
I think this is a lie that people who are bad with money tell themselves, that the only two options available are to spend without restraint or live miserably frugal.
I think this is a lie that people who are bad with money tell themselves, that the only two options available are to spend without restraint or live miserably frugal.
It wasn't until I created a simple monthly budget that I realized that I can pay myself first, pay my bills and I still have plenty money left over to enjoy today and 10, 20, etc. years down the line.
When did I say that? I have a 35% savings rate and still am able to spend happily. The point is that you don't need to aim to retire early. Set a target savings rate, spend the rest - enjoy your life instead of trying to maximize savings so you can retire early.
Aging is a nasty thing ugh, the way your bones get weak and your spine curls and you see old people hunched looking down at the ground when they walk
But I really think you're underestimating how active even the average 70 year old retiree can be.
Some people at 70 are in great health, some not so much.
Granted, both take focus and long term discipline which people who lack both chalk up to luck.