Old wagecucks

Serious question. How the fuck are people still working at 50+ years old? Or at least just part time retired with a comfy easy job? Wouldn't you have enough money in investments to live off of passive income by then? Even by your late 30s you should be getting ready to quit your wagecuck "career" and retire/part time rerire. Do normies just spend all their money, get into tons of debt and never invest anything? I'm 25 and I'm going to part time retire in 3 years even without crypto mooning again. I even know a 60 year old that has zero savings, does not own property, no investments, yet probably makes around 60k-70k and has been working since he was 22. How does that happen??

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I don't know, my 60 year old literal boomer dad says he might retire at 70 or never.

Fuck that, if I'm still wagecucking at 40 I'm just gonna kill myself. I might still work - but on my own goddamn terms not Shekelstein's.

t. 22 y/o zoomer obsessed with FI/RE

> I'm 25 and I'm going to part time retire in 3 years even without crypto mooning again

Ok I'll bite, please explain how you made that happen.

>Do normies just spend all their money, get into tons of debt and never invest anything?
Duh. Many are shameless about hyper consumption. They even identify with what they buy.

A lot of normies live for the weekend. They enjoy those 2 days as much as they can. By Sunday, their check is gone and the work week starts over again. Some eat out everyday, go to the casino every night, and put double-digit amounts of money into the lottery on a daily basis.

There is no point in trying to bring up an alternative to this lifestyle unless you can deliver it for them yourself AND do all the work for them. High priority on being entertained and short term consumption, that's exactly where most people are where they are.

Many others follow institutional advice: ie Roth IRAs, index funds, 401k matches, etc. A lot of boomers and Xers got fucked during recession. Wall Street cleaned them out.

>I'm 25 and I'm going to part time retire in 3 years
how? explain

What to invest in long-term so as not to wagecuck? I'm good at saving but don't know anything about investments.

My dad is 50+ and has wageslaved his entire life maintaining power lines for some corrupt oligarchs and with the way politics are, his pension is still pretty shit. He barely ever complains about it though. Wish people nowadays had even a modicum of that fortitude.

thats because the only thing interesting about life in the 1950s was your fucking job. boomers had it good.

>mom is 55 and works a physical labor job
>health deteriorating everyday
>feel bad because I don't have enough for her to retire yet

Will I make it Jow Forums?

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Don't have a car, never had any debt, live with parents, and got a useful 4 year degree, invest all my money into safe stocks, some into crypto.

A most people work to stay busy
B most people have little to no savings
C people are creatures of habit and would rather just keep plugging away at a job out of habit
D people sadly tend to socialize at work and would miss it after being there for years

Open Vanguard account, link bank account, transfer all long term savings there and buy VTSAX as often as you can.

No questions asked.

Are you newfag?
Boomers are rooted in senior positions, they take in insane compensation while taking credit for slaving millenial wagecuck debt slaves.

Thanks op I owe you for this. Hope it's good advice I'll look into it

most people are dumb like me and can only afford to work a low wage job for the rest of their lives

I want to make to to give my parents a happy life, they'll never retire without help.
Go to a public college then join the military.
this

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Kids and house.

Kids and house is like 2-3 mil lifetime to execute with some semblance of dignity

Retirement is another 2-3 mil on top

God help you if you arent double income

Be careful

Index funds are becoming a meme

>thats not possible

It is when EVERYONE does it. Look at the growth of vanguard in past 5 years. Unsustainable.

What do you suggest then? I was researching what that user said and I can't even afford the minimum requirement rn. I know nothing is exactly safe, but there has to be something to invest in that's worth it right?

start with index funds, then start snapping up small real estate for cash flow. you can also invest in REITS right now.

This. So many redditors are gonna get JUST’d when the ETF bubble pops.

ETFs make markets inefficient because if they reach a certain percentage of invested money then they move the market instead of simply responding to the market. E.g you buy a tech etf that equally distributes money proportionally into amazon and Facebook based on marketcap, by amazon and facebooks market caps are decided in relation to each other buy how many people are buying those stocks. If everyone’s money is in etc then etfs are moving the prices rather than following them. This will cause a crash.

I'll look into the index funds. I live in California and work a min wage job rn and saving what I can. Real estate isn't really cheap where I live. Even small houses on my street go for 800,000.

>etfs are moving the prices rather than following them. This will cause a crash.
? why does it cause a crash? explain.

Poor explanation user pls proofread

SPY? VOO?

Gonna need a quick rundown on this

50+ wagecucks didn't have the internet and poorly adapted to it.
We are literally an evolutionary step above the boomers in terms of being able to swiftly acquire knowledge, which leads to filling demand after that knowledge in a knowledge economy while boomers stick to their "hard work" cycle that got you somewhere in a production based economy, that doesn't exist anymore.

This. Nothing more pathetic than wage cucking in your old age

>Do normies just spend all their money, get into tons of debt and never invest anything?

Yes. Literally.

Thought about this to, but the more I read about it the less worried I am.

People in finance often debate what would happen if everyone indexed but we need to put things into perspective. Active management still dominates financial markets. According to Vanguard CEO Bill McNabb, though indexing represents more than 30 percent or so of mutual funds in the U.S., it accounts for only 15 percent of the entire U.S. stock market and less than 5 percent of global assets. Indexing has a long way to go until it becomes the majority of global fund assets.

Like I said I didn't know anything about investing. People have said that s&p500 is the best place to start though

The SPY and VOO are ETFs, think of the them like freely tradable mutual funds.

>that doesn't exist anymore.
how so?

Has it ever occured to you that boomers are afraid to retire because they would not know what to do with themselves and they can't stand their wives?

They resign themselves to working until 65+. They have no financial literacy, and think saving money/investing is only useful for retirement, so no incentive. With this mindset they go into debt and only think in terms of monthly payments.

this!!!
so glad someone else finally said this
every single time people always suggest the same 1-3 vanguard funds lmao

>useful 4 year degree
???