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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I will be working until I die. I can't afford to retire. That's for rich people. [/quote]

That is ridiculous. I had 70k of student debt in 1999 with only an undergrad degree (thanks mom and dad for not paying the EFC, which forced me to take out private high-interest loans).

I was dead broke and deep in debt at 21 years old. I had 70k of debt and earned 26k. I worked three jobs for 13 years to pay that debt off.

Guess what? When I was 21, I decided I was NOT going to be poor or struggling when I was old. I started saving for retirement at 21. I am a career nonprofit worker. I am 48 now and have more than $1 million in my retirement accounts. I have other money in home equity and in a brokerage.

Time counts more than anything. Retirement is NOT for rich people alone; it is for people who invest and play the long game. Tiny amounts add up after 25 years. [/quote]

Yes!!!

You look at your income and build a budget around it that includes savings (for retirement, college, vacations, EF, etc) and then you live within your means.  If you want more, you find a better paying job (and you might need to take courses or something to do that).  But it's your life and you have choices. [b]But not saving at all because you "don't make enough" is not a smart choice.  [/quote][/b]

Well, duh. Not everyone has the ability to find a better paying job. For example, I'm a teacher and a single parent. I already work in the highest paying district with the lowest cost of living. I am at the top of the pay scale. I earn more money by tutoring and working summer school. I still barely get by. I can't afford to take any courses or certifications to find a better paying job. I also don't have the time for that as I have a kid 24/7/365. [/quote]

First, I think teachers should be paid much more

But you went into the profession knowing he pays scale and limits.  So you have to live accordingly and within a budget that includes saving for retirement and college for your kids.  And yes perhaps tutoring outside and in summers as you can make a lot that way.  But you knew what teacher pay was heading in.  So you have to live a teacher lifestyle not a tech lifestyle.   [/quote]

What’s a tech lifestyle? I live within my means. No vacations, buying used clothes, no new anything. The pay freezes have made it unaffordable. [/quote]

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