Quote:
Originally Posted by MoneyGuy
^I know a chiropractor like the lawyers you know. He had a successful practice and did nothing with his money; he even sponged off of his then-wife (related to me) and her credit cards. He’s now mid-‘70s and doesn’t have a pot to piss in so can’t stop working.
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There's a sizable contingent in society that don't have an income problem, but a spending problem. I've seen family members living in poverty in old age, or working until they drop dead. Both options are terrible. I'd like to retire early-ish while I (hopefully) still have my health, but that's just me. Some people think they might die early so why both saving a cent. That's quite a risk to take and one I don't view as prudent. Maybe they'll get lucky(!?!?!) and die early, but if they don't, government programs provide pretty meagre income in retirement.