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Retired? Do you feel sorry for people who have to work?
09-18-2016, 04:16 AM
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#1
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gone traveling
Join Date: Aug 2016
Location: Alexandria VA
Posts: 48
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Retired? Do you feel sorry for people who have to work?
Recently my financial picture has improved 100% (see my other post), and I have been doing lots of thinking about work and financial struggle. I have had lots of memories about the days of toil when I was always scared to death, that I would lose my job, never work again and become homeless.
For most of my adult life, I allowed myself to be bullied by bosses and evil coworkers because I was just scared about not having any money. One time I did challenge an evil boss and he fired me on the spot and had me blacklisted in the industry and I ran out of money. Finally, I found something in another city but I looking under my bed and in coat pockets for change! (All my credit cards were over the limit!)
Now that I am retired and don't have to work, I feel sorry for people who have to work to survive. Can you relate?
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09-18-2016, 06:08 AM
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#2
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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I feel sorry for people who have to work really hard and get low pay in return. Not everyone has the same opportunities growing up. Its really really difficult if not impossible for them to ever get ahead. Those are the ones I feel for.
I dont feel sorry for those who are working and making 6 figure incomes and still cant save a penny. We know plenty of married couples who have $200k+ combined incomes and are up to their eyeballs in debt. Those people I couldnt care less if they have to work until they die.
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09-18-2016, 06:25 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: May 2014
Posts: 7,372
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Like ponyboy, I feel sorry for the people who never made much, maybe had a few setbacks (long period of unemployment, major medical expenses) and never could put much money away. I see a lot of this in my church, where there's a lot of variety in what people do/did for a living.
I don't know too many of the ones who spend every dime when they could save, although I was married to one once. If you HAVE to have 2 shiny SUVs in your garage and your family cell phone bill is $400/month and you can afford cruises and Disney World on a regular basis but you have no savings, no, I don't feel bad that I have more, and I will resent it if my taxes are paying for your Medicaid nursing home.
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09-18-2016, 08:02 AM
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#4
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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Quote:
Originally Posted by Forced to Retire
Recently my financial picture has improved 100% .................... I feel sorry for people who have to work to survive. Can you relate?
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Let's see. you have gone from $300K (or was that $400K), no job, 60/40 asset allocation. or is that 50/50, and now the jackpot in 12 threads. What's your secret?
__________________
*********Go Yankees!*********
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09-18-2016, 08:46 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by aja8888
Let's see. you have gone from $300K (or was that $400K), no job, 60/40 asset allocation. or is that 50/50, and now the jackpot in 12 threads. What's your secret?
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I'm not impressed until I see a thread that he's down to 12% body fat.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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09-18-2016, 08:48 AM
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#6
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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In a word no.
__________________
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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09-18-2016, 09:27 AM
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#7
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Not to mention that he lives in both Fairfax and Alexandria, VA.
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09-18-2016, 09:37 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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Because the awful commute was the main reason I retired, I fell sorry for my former fellow LIRR (commuter rail) riders whenever I hear a transit report which includes a problem on the trains, a fairly frequent event.
As for the work itself, I have found myself far less interested in work-related stories from my friends, especially those about workplace politics.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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09-18-2016, 10:27 AM
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#9
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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I feel sorry that many in the younger generation, through no fault of their own and despite education and hard work, do not have the opportunities that I had during my career. I don't feel sorry for those that are in a hostile job situation and unwilling to take actions to change or get out of their situation.
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09-18-2016, 10:37 AM
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#10
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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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No, have never felt sorry for people who are working.
Have felt sorry for people unemployed due to globalization.
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09-18-2016, 10:42 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,087
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I admire folks who work compared to the street beggars I see at the traffic lights, especially the one who could barely put down her cell phone between light changes.
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09-18-2016, 10:55 AM
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#12
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,599
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No I don't feel sorry for working people. If they saved more , they could retire.
Sent from my iPhone (:.using Early Retirement .//82339)
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09-18-2016, 10:58 AM
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#13
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Not at all.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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09-18-2016, 11:10 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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I don't feel sorry, I appreciate their work ethic.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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09-18-2016, 11:14 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Alexandria is in Fairfax County.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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09-18-2016, 11:20 AM
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#16
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,708
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Quote:
Originally Posted by harley
Alexandria is in Fairfax County.
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And all this time I was thinking he was in Egypt - and working for the VA.
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09-18-2016, 11:28 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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Quote:
Originally Posted by ponyboy
I feel sorry for people who have to work really hard and get low pay in return. Not everyone has the same opportunities growing up. Its really really difficult if not impossible for them to ever get ahead. Those are the ones I feel for.
I dont feel sorry for those who are working and making 6 figure incomes and still cant save a penny. We know plenty of married couples who have $200k+ combined incomes and are up to their eyeballs in debt. Those people I couldnt care less if they have to work until they die.
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+1
I feel sorry for the people who work extremely hard for ~$20K/yr with no pension or sick days and minimal other benefits. They work just as hard(or harder) as those with big salaries but get treated like garbage.
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09-18-2016, 11:43 AM
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#18
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Quote:
Originally Posted by harley
Alexandria is in Fairfax County.
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I know, but in an earlier thread he specifically said he lived in "Fairfax, VA" which is a town rather separate from Alexandria, which is his profile location.
Quote:
Right now I am burning through cash but when I get Social Security at age 62 next year I will have an income of $2500 a month with about $1250 in Social Security and $1250 in 5% annual withdrawals. A figure almost impossible to live on in very expensive Fairfax VA.
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09-18-2016, 11:58 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,929
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Quote:
Originally Posted by aaronc879
+1
I feel sorry for the people who work extremely hard for ~$20K/yr with no pension or sick days and minimal other benefits. They work just as hard(or harder) as those with big salaries but get treated like garbage.
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+2
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09-18-2016, 01:12 PM
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#20
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Recycles dryer sheets
Join Date: Jun 2012
Location: Just Inside the Perimeter
Posts: 69
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Quote:
Originally Posted by harley
Alexandria is in Fairfax County.
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Alexandria is an independent city, not in any county. Part of Fairfax County adjacent to the city is also referred to as Alexandria, but that isn't part of the city (the same thing happens with Falls Church).
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