The Retirement Planning/ Investment/ Savings Thread (4 Viewers)

[Rieguy]

That doesn't change my point. I don't know anyone who's investing in the market and expecting to only make 4.5-5% per year.

I don't personally care for index funds because by definition they include a composite of both the good and the bad performers. But I also understand people who don't want to spend as much time managing their portfolio as I do.

You know what is a really good investment? Real property and building improvements. Like a shed. A large standalone shed. For poker.

Get yo retired ass to work.

 

[Highli99]

You know what is a really good investment? Real property and building improvements. Like a shed. A large standalone shed. For poker.

Get yo retired ass to work.
View attachment 1687459

Make it out of pallets like the “Caesar’s Pallets” guy

 

[CraigT78]

Assuming a combined daily cost of \(\$12\) for a coffee and toast over 30 years, you would save \(\$131,400\)in pure cash. If you invested those daily savings in an index fund with a conservative 7% annual return, compound interest would grow that amount to roughly \(\$386,000\). [1, 2]
Here is how the breakdown looks depending on what you do with the money over that 30-year span:

1. If you just put it in cash under a mattress

• Daily Cost: \(\$12\) per day
• Yearly Cost: \(\$4,380\)
• 30-Year Total: \(\$131,400\)
• The Verdict: You have exactly what you saved, minus the long-term effects of inflation. [1]

2. If you invest the money (Compound Growth)
By putting the \(\$12\) day (\(\sim \$365\)/month) into investments like an S&P 500 Index Fund or long-term stocks, your money multiplies significantly through interest. [1, 2]

• At a 5% average annual return: \(\sim \$265,000\)
• At a 7% average annual return: \(\sim \$386,000\)
• At a 10% average annual return: \(\sim \$692,000\)
• The Verdict: The power of compound interest turns a small daily luxury into a massive retirement nest egg.

Counterpoint: I have solved capitalism.

Instead of buying Starbucks and avocado toast every day, I buy a Jura E8 and a couple avocado trees.

Jura E8: ~$2,799
Avocado trees: call it another ~$240-ish
Total irresponsible millennial lifestyle infrastructure: ~$3,039

At $12/day for coffee + toast, that breaks even in about 8.3 months.

Then if I invest the avoided $12/day for 30 years at 7%, it grows to about $445k. Even after accounting for the opportunity cost of not investing the ~$3k upfront purchase, I still end up around $422k ahead.

So basically, the yacht outside Monaco is still on the table. It just has a built-in espresso bar and guacamole service.

Assuming a combined daily cost of \(\$12\) for a coffee and toast over 30 years, you would save \(\$131,400\)in pure cash. If you invested those daily savings in an index fund with a conservative 7% annual return, compound interest would grow that amount to roughly \(\$386,000\). [1, 2]
Here is how the breakdown looks depending on what you do with the money over that 30-year span:

1. If you just put it in cash under a mattress

• Daily Cost: \(\$12\) per day
• Yearly Cost: \(\$4,380\)
• 30-Year Total: \(\$131,400\)
• The Verdict: You have exactly what you saved, minus the long-term effects of inflation. [1]

2. If you invest the money (Compound Growth)
By putting the \(\$12\) day (\(\sim \$365\)/month) into investments like an S&P 500 Index Fund or long-term stocks, your money multiplies significantly through interest. [1, 2]

• At a 5% average annual return: \(\sim \$265,000\)
• At a 7% average annual return: \(\sim \$386,000\)
• At a 10% average annual return: \(\sim \$692,000\)
• The Verdict: The power of compound interest turns a small daily luxury into a massive retirement nest egg.

Counterpoint: I have solved capitalism.

Instead of buying Starbucks and avocado toast every day, I buy a Jura E8 and a couple avocado trees.

Jura E8: ~$2,799
Avocado trees: call it another ~$240-ish
Total irresponsible xillennial lifestyle infrastructure: ~$3,039

At $12/day for coffee + toast, that breaks even in about 8.3 months.

Then if I invest the avoided $12/day for 30 years at 7%, it grows to about $445k. Even after accounting for the opportunity cost of not investing the ~$3k upfront purchase, I still end up around $422k ahead.

So basically, the yacht outside Monaco is still on the table. It just has a built-in espresso bar and guacamole service.

 

[ekricket]

Counterpoint: I have solved capitalism.

Instead of buying Starbucks and avocado toast every day, I buy a Jura E8 and a couple avocado trees.

Jura E8: ~$2,799
Avocado trees: call it another ~$240-ish
Total irresponsible millennial lifestyle infrastructure: ~$3,039

At $12/day for coffee + toast, that breaks even in about 8.3 months.

Then if I invest the avoided $12/day for 30 years at 7%, it grows to about $445k. Even after accounting for the opportunity cost of not investing the ~$3k upfront purchase, I still end up around $422k ahead.

So basically, the yacht outside Monaco is still on the table. It just has a built-in espresso bar and guacamole service.

Counterpoint: I have solved capitalism.

Instead of buying Starbucks and avocado toast every day, I buy a Jura E8 and a couple avocado trees.

Jura E8: ~$2,799
Avocado trees: call it another ~$240-ish
Total irresponsible xillennial lifestyle infrastructure: ~$3,039

At $12/day for coffee + toast, that breaks even in about 8.3 months.

Then if I invest the avoided $12/day for 30 years at 7%, it grows to about $445k. Even after accounting for the opportunity cost of not investing the ~$3k upfront purchase, I still end up around $422k ahead.

So basically, the yacht outside Monaco is still on the table. It just has a built-in espresso bar and guacamole service.

Don’t even get me started on bringing your own lunch to work. That’s not a boat, that’s a villa. But what do I know, I’ve only been retired 10 years.

 

[inca911]

Don’t even get me started on bringing your own lunch to work. That’s not a boat, that’s a villa. But what do I know, I’ve only been retired 10 years.

Living intentionally is different than living frugally, preach my brother!

 

[CraigT78]

Don’t even get me started on bringing your own lunch to work. That’s not a boat, that’s a villa. But what do I know, I’ve only been retired 10 years.

I've worked from home for 20 years. That's not a villa, that's an island.

 

[Frogzilla]

I've worked from home for 20 years. That's not a villa, that's an island.

We will need a new name for the meetup

Cannot call it degen on an island

 

[FordPickup92]

Living intentionally is different than living frugally, preach my brother!
View attachment 1687574

Been hitting the gym I see.... where can I get one of those infusions??? Lol

 

[CraigT78]

We will need a new name for the meetup

Cannot call it degen on an island

Don't worry, I don't keep files or a list.......

 

[elemeno]

I’m waiting for Bitcoin to hit $60k then I’ll pile a bunch in there. That’s my major gambol for the next few years.

It’s time!

 

[Poker Zombie]

I don't know anyone who's investing in the market and expecting to only make 4.5-5% per year.

I also (in my last year before retirement) target 5%. Now you know two.

This is why I don’t play the lottery unless it’s more than a billion dollars. It’s just not worth it for a paltry few hundred million.

Over a billion the risk becomes +EV. Any good poker player knows that over a billion in the pot is a $2 call with any two cards.