• Pyr_Pressure@lemmy.ca
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    8 months ago

    I’m Only 30 but I have no plans for retirement savings. How can I when half my paycheck goes to a roof over my head and a quarter goes to taxes and another quarter goes to food, clothes, and other necessities?

    By the time I’m fifty it will probably be 60% to a roof, 30% to taxes and 10% to food and clothes.

    • zik@lemmy.world
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      8 months ago

      It’s time for a revolution because it looks like most of the population’s in the same boat. The war between the super rich and everyone else has been fought and we lost. They’re leaving us with two options: revolution or die starving on the streets.

    • AA5B@lemmy.world
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      8 months ago

      You may not have much money, but you still have a huge amount of time you can invest. You only need to figure out a few percent of your income, much smaller than taxes, rent, or food, then let time do the work for you. Use the power of compounding returns

      • Dagwood222@lemm.ee
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        8 months ago

        Which only works if there are no major medical expenses or other disasters.