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06-10-2018, 10:57 AM
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#1
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Dryer sheet wannabe
Join Date: Jun 2018
Posts: 17
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35 and going backwards
Debt of 17k. Saving+Asset around 8k. My problem is not money problem, I just dont do anything. Cannot focus on anything for more then few mins. Luck or whatever I dont know, its all been good so far. Always got good decent paying jobs(25-30 per hour) so never really needed money for bigger things. Now slowly when you start aging, you realize its not going to be easier going forward.
The biggest problem is I am intelligent enough to know its a big problem, but do nothing to tackle it.
I joined this forum not to retire soon, but to start working and start a career.
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06-10-2018, 11:14 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Well, the job market is extremely good right now - look for opportunities to earn more. Maybe a higher paying job, or a part-time mindless second job.
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06-10-2018, 11:23 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Get some help for your ADD.
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06-10-2018, 12:02 PM
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#4
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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It sounds like you may benefit from counseling of some kind. It could change your life.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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06-10-2018, 12:09 PM
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#5
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,171
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Welcome to the forum.
I agree that you should consider either mental health, or medical health assistance. It might improve your quality of life. I'm not saying to go on meds... I'm saying talk to a doctor or therapist about what might help with your inattentiveness.
Since you make a decent income.. does your employer offer any retirement plans like a 401k? If so, start payroll deduction savings into it. Even if they don't - do you have auto deposit... you can have some of your pay deposited in a savings or brokerage account automatically - this will automate your savings so you won't need to pay attention to it.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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06-12-2018, 04:23 PM
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#6
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Dryer sheet wannabe
Join Date: Jun 2018
Posts: 17
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No 401k yet from my employer . I just opened a Roth IRA and a 529 college account.. Just opened. No plans on how to fund them yet.
Are we allowed to open a 401K privately?? Also I am not an American citizen.
Thanks for the replies everyone.
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06-12-2018, 04:42 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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An deductible IRA is a form of private 401k... amounts saved for retirement are not taxed.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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06-13-2018, 08:12 PM
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#8
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Dryer sheet aficionado
Join Date: Dec 2017
Posts: 35
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Is your "but" bigger than your "why"?
What is your goal?
My goal is to retire at 55 or younger and sail around the world. I think of this every time I want to purchase something.
Also you need to get on a budget. Tell your money where to go and stick to it. You will feel like you got a raise.
To get started you should set a goal, do a budget, and then do everything you can to reach this goal. Then set a larger one.
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