Quote:
Originally Posted by Cowperson
Live comfortably, live the adventures you can afford as the years go by and save what you can beyond that.
I know some people sitting on some very valuable farmland just out side the city limits who had decided to work like dogs for about 40 years, then had big plans to tour the world and live the high life when they turned 60.
About two months before they were going to move out of farming, the wife is suddenly on a kidney dialysis machine and is dead not so long after. The husband is heartbroken and their plans were never realized.
It's not in any financial manual anywhere but the principal lesson there is do the safari's, trips to Europe, etc, etc, as the years go by instead of waiting until the final moment. Because you have no idea when the final moment is going to come.
If, in that scenario, you can save 40% then go for it. But it might be a lower number.
Cowperson
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Over the past year or two I've seen that similar scenario more than once. Its certainly made me change somethings in my mindset....its really heartbreaking to see people go through that.