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Qbncgr t1_ja45vmz wrote

Reply to comment by Ok_Low_1287 in How worried should we be if the debt ceiling isn’t lifted? by AgathaMarple

That’s horrible advice! Plan, save, and retire as early as you can. You can always make more money, you can’t make more time.

I retired 4 years ago at age 52. Highly recommended!

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Ok_Low_1287 t1_ja47ux4 wrote

Sure, but most people can't do that, or are approaching retirement age and have not saved. You advice is a lecture, not advice.

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Qbncgr t1_ja4ael3 wrote

But which is better? Work until you can’t or retire and get a job 5/10/20 years later because you’re running out of money? If you work until you can’t, what good is retirement?

And I agree that many people can’t plan and save because life is expensive. Plus most people adjust their quality of life upwards as they make more money making saving harder.

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Ok_Low_1287 t1_ja4g1su wrote

It's always better to have more money. Younger people always ask me how I made my money and it was that I got lucky and I worked hard, and I had a good support of wife who also worked hard. Although I grew up poor I had supportive parents who valued education and had high expectations. Not everybody had the same advantages as me, including being intelligent, and white and male, but mostly it was my parents who taught me hard work pays off.. I do agree that people spend the money they make instead of saving however. It's brutally hard for people once you get caught in the trap of debt. This is what I hate about the social media and the influencer culture, people need to stop buying more than they can afford

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