I read a book many years ago titled "The Millionaire Next Door". It really opened my eyes about money in general and debt in particular.
In a nutshell, if you don't have a mortgage or a car payment, how much money do you need to keep the lights on and feed yourself? If you do have a mortgage and car payment, you have no business even talking about retirement.
That is why my racecar is so slow.
I spent all of my money paying off all the debt I could. I need to work 12.5 more years at my union thug job, and you can bet your *** I want to leave as soon as possible. (unnecessary rant edited out)
I work with some (not all) guys who have done enough time to retire, but they have dug themselves into a hole that they can't get out of . Some people can make 120K a year and spend 150K. That is the hurdle to get over.........
But I tell you what, when I roll up to work in my '82 Mustang, there are some BEAUTIFUL new F250's and F350's parked there. And you should see the boats some of these guys have. And the houses !!! Holy crap !!!
Like George Carlin said, "WE GOT TOO MUCH ****ING STUFF !!!!"
And we can make ourselves slaves to our "stuff".
Typed at the desk in the single wide trailer in Charles City County, VA.
So how do you wanna live??.........