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Forum » anyone else not invest in 401k and yolo'ing life?
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Thread: anyone else not invest in 401k and yolo'ing life?

post 1616145251 09-10-2020, 03:34 PM
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  1. spazzin
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anyone else not invest in 401k and yolo'ing life?

life after 65 sounds boring
Positive vibes crew
NYC crew
post 1616145281 09-10-2020, 03:34 PM
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  1. Fatkidwholifts
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SIMPLE IRA crew.

Enjoy your poverty social security goals peasant
Once upon a time:

405
315
455

Currently Washed up.
post 1616146711 09-10-2020, 03:51 PM
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  1. Polaris
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Nope, hitting it pretty hard. Unfortunately I only fairly recently started doing that though.
post 1616146771 09-10-2020, 03:52 PM
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  1. Merc009
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I never understood all the idiots who spend their entire lives saving money for when they’re 50 years old and can’t even enjoy it. Nobody is going to mire your house or your poverty porsche at that age.
-Some people say good things come to those who wait, truth is, good things come to those who work..... who work later.....who work harder...... who are willing to go further than anyone else to get them. If you're waiting for good things to come to you, you'll be waiting for a pretty long time.

-I'd rather live life saying "I failed" than "I could have"
post 1616146961 09-10-2020, 03:54 PM
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  1. brahskimoseph
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Originally Posted By Merc009⏩
I never understood all the idiots who spend their entire lives saving money for when they’re 50 years old and can’t even enjoy it. Nobody is going to mire your house or your poverty porsche at that age.
This to some degree, but I also have already accepted and want to work in some capacity the rest of my life. A porsche isnt chit compared to running a business and raising a family and bettering people.
6'0 249 @ 18 years old in AVI
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post 1616147381 09-10-2020, 03:59 PM
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Originally Posted By brahskimoseph⏩
This to some degree, but I also have already accepted and want to work in some capacity the rest of my life. A porsche isnt chit compared to running a business and raising a family and bettering people.
Everyone’s dreams are always running a business. People think the business will run itself and doesn’t require time. I know several people who own small shops, restaurants, and even a large company. Half of them don’t even have time to sleep and are stressed out 24/7.


Maybe its just me, but I have a decent job and when I go home **** all else, I ain’t losing sleep or peace over no business, specially during this clown world that allows and rewards people for destruction
-Some people say good things come to those who wait, truth is, good things come to those who work..... who work later.....who work harder...... who are willing to go further than anyone else to get them. If you're waiting for good things to come to you, you'll be waiting for a pretty long time.

-I'd rather live life saying "I failed" than "I could have"
post 1616147791 09-10-2020, 04:03 PM
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  1. ErnieMccracken
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Definitely Anti-Dave Ramsay crew

"Just live like a peasant and work 10 jobs so you can be free for a few years before you die"
post 1616147801 09-10-2020, 04:03 PM
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#8
  1. Bigdumogre
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2 pensions plus 401k plus free medical for life
I’m gonna be traveling the world and my house will be paid off by 50
50% of my posts are 100% factual
post 1616148021 09-10-2020, 04:06 PM
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I am wayyyy ahead of my age group when it comes to 401K and I still kick myself for not investing sooner. I really wish I would have thrown an extra thousand or so a few years earlier. Was basically poverty when I first started investing.

I've maxed it out the past 4 years.
post 1616148601 09-10-2020, 04:13 PM
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#10
  1. esmile
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Nice just give that money away to Uncle Sam instead right? Yolo dawg
ok
post 1616149001 09-10-2020, 04:18 PM
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#11
  1. xeron
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dead before late 60s yolo crew
Make Misc Great Again
post 1616149151 09-10-2020, 04:19 PM
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#12
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Originally Posted By JeepBruh⏩
I am wayyyy ahead of my age group when it comes to 401K and I still kick myself for not investing sooner. I really wish I would have thrown an extra thousand or so a few years earlier. Was basically poverty when I first started investing.

I've maxed it out the past 4 years.
Even the minimum in the beginning is better than nothing. Smart move and I max mine out every year
50% of my posts are 100% factual
post 1616149421 09-10-2020, 04:24 PM
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  1. Beararms
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I think you should put a little bit away every month, that 150-200 dollars every month over a long period of time adds up a lot.
I do agree that you should enjoy yourself a little if you want. I want to be able to stop working when I am old but at the same time Im not going to live off of ramen noodles and drive a 500 dollar beater just to have money when I am old.

I got a very late start. I never made enough money to put anything away.
post 1616149471 09-10-2020, 04:24 PM
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lol will Earth and humans even still exists by the time you are 60 and can retire?
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1616149671 09-10-2020, 04:27 PM
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No 401k option bro
post 1616149821 09-10-2020, 04:29 PM
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Originally Posted By spazzin⏩
life after 65 sounds boring
being old and poor isn't fun. save and invest now while you can.
post 1616149881 09-10-2020, 04:29 PM
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  1. GordonXXX
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Originally Posted By headturner1⏩
No 401k option bro
do an IRA with Vanguard. max out. 70% VFIAX, 30% VBTLX.
post 1616149921 09-10-2020, 04:30 PM
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I put 5% of my pay into my TSP (my employer matches up to 5%).. def not throwing money at it at this point but I won't waste any opportunity for free 401 matching and some good investments.
post 1616149981 09-10-2020, 04:30 PM
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  1. ltsOgre
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If you invested 6k when you were just born, it would turn into over a million dollars at retirement, assuming market growth holds its historical returns. My parents set me up with this when I was a baby.

The key is investing early in life; the dollar amount is less important. The problem is that no one has money and the government only cares about the rich.
I hate capitalism srs
post 1616150081 09-10-2020, 04:32 PM
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My folks live in a retirement community where everyone just plays pickleball, drinks, and ****s. Seems like a goat way to go out
post 1616150531 09-10-2020, 04:37 PM
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If you arent going for the 4-8% match, you're a dumbass srs.
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post 1616152121 09-10-2020, 04:53 PM
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Why not both? Running a self directed IRA is fun AF bruh srs. And I still have money left over to Yolo on random chit
post 1616157441 09-10-2020, 05:49 PM
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Originally Posted By Krunok⏩
I put 5% of my pay into my TSP (my employer matches up to 5%).. def not throwing money at it at this point but I won't waste any opportunity for free 401 matching and some good investments.
This is a smart move. The employee match is free money essentially. So many people don't even match too, it drives me crazy.
post 1616157851 09-10-2020, 05:53 PM
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#24
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Originally Posted By Merc009⏩
Everyone’s dreams are always running a business. People think the business will run itself and doesn’t require time. I know several people who own small shops, restaurants, and even a large company. Half of them don’t even have time to sleep and are stressed out 24/7.


Maybe its just me, but I have a decent job and when I go home **** all else, I ain’t losing sleep or peace over no business, specially during this clown world that allows and rewards people for destruction
it was hard work especially in the beginning. in the end I missed out on a lot, but at least I dont have to work again.
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post 1616158211 09-10-2020, 05:57 PM
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Hell no being broke is the worst thing ever. Life comes at you fast and before you know it you'll be 50+ years old with nothing to show for it and a body that isn't doing you any favors for working. You have to find that balance but compound interest works best the earlier you start.
post 1616158261 09-10-2020, 05:57 PM
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by the time you are 65 the value of the dollar would of dropped off so hard you prob couldnt even buy a used car with it. the BLM government would of probably already taken any savings you had out for reparations anyways
post 1616158421 09-10-2020, 05:59 PM
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#27
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I don't invest in a 401k for retirement, I do it so in the future I can use it as a down payment on a house, or use it to start a business, or if I'm ever in some type of emergency then I can tap into it. Plus my employer matches up to 5% so that's free money.
post 1616158561 09-10-2020, 06:01 PM
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by the time we get to retirement age, UBI will be in full force & America will have bent over to a socialist form of government. an IRA won't be necessary
post 1616158661 09-10-2020, 06:03 PM
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Max 401K & HSA crew:

1. If you don't at LEAST invest to your company's match, you're a legit dumbphuck. It's quite literally saying no to free money.

2. I max out because that's free tax money I'm turning down. If I don't put money in my HSA/401K, I'm giving up 25-30% of my marginal pay in taxes. Instead of guaranteeing myself a -30% return on that money, why not invest that ****?

I kind of get OP's point about FIREcels. There comes a point when you can't just keep shoving money into index funds, retire early, but have 0 hobbies or personality because you spent your best years being a shut-in. My philosophy has evolved to maxing out those accounts, for the reasons mentioned earlier, and just have enough emergency funds to cover 4-5 months of unemployment. If I spend it all because I want to take a trip or go out an extra time or two with people, so be it. Whatever's left over is gravy anyway.
post 1616158761 09-10-2020, 06:03 PM
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#30
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I invest in a 401(k) merely because it's free money if done with a match. Old me, if I survive that long, will appreciate it.

Some jobs your match is only 1%, some its all the way to 10%. Mine's at 6%, which won't make or break me anyways.
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