You seem to already know pretty much what I plan to do. What I’m already doing.
I’m saving a bit more than half my income, and I’m investing it rather than putting it in a savings account, but yeah that’s it, you got it!
Comment on The meaning of life?
Fiery@lemmy.dbzer0.com 20 hours agoI’m curious on how you plan to retire at 50. Doing that where I live means you basically get no pension so you’d have to have saved up enough to live the rest of your life during those 27 years, so a bit over half your income would need to go into a savings account.
gon@lemmy.dbzer0.com 20 hours ago
lemmyman@lemmy.world 19 hours ago
Look up “FIRE” for “financial independence, retire early.”
tl;dr - save a larger chunk of your salary and
invest itbecome part of the owner class, living off theinterest, dividends, and capital gainssurplus value generated by the working class.