LazyErik
Dryer sheet aficionado
- Joined
- Jun 21, 2013
- Messages
- 49
Ok Young Dreamers,
I don’t know if this is the right place for this topic in the forum but here is my situation. I’m in my late 30s (have to hold on to those 30s) and am shooting for a retirement at the age of 45 for both me and the DW. We have been savers even before we were dating (I still have lawn mowing money that has been invested since I was 9 years old), and when two frugal savers get together money can accumulate quickly.
So our problem when we were in our late 20s and early 30s was that we had nobody to talk to about finance, retirement expectations, saving money, debt management etc. Our families were next to useless; we had no mentors when it came to financial issues. The only people that we could speak intelligently to was one older uncle, our financial adviser (who I was always suspicious of, because he is selling us products/advice/ideas), and our tax lawyer. It became pretty clear to us that nobody talked about financial independence because they didn’t save (in spite of everyone making more than us).
Most of our friends during their 20s and through their current age still are not saving for retirement. I stopped talking about things like emergency funds, withdrawal rates, Roth vs. regular IRAs with friends and family over ten years ago.
What does everyone else do to establish a group of friends that you can talk about FIRE with? Do younger workers actually talk with colleagues about 401k options, savings rates, spending habits? Or is this topic still off limits. I would think that just coming out of a recession these topics might be less taboo, but I don’t know. Does a forum like ER fill the gap?
I would be interested in hearing what works in different circumstances.
I don’t know if this is the right place for this topic in the forum but here is my situation. I’m in my late 30s (have to hold on to those 30s) and am shooting for a retirement at the age of 45 for both me and the DW. We have been savers even before we were dating (I still have lawn mowing money that has been invested since I was 9 years old), and when two frugal savers get together money can accumulate quickly.
So our problem when we were in our late 20s and early 30s was that we had nobody to talk to about finance, retirement expectations, saving money, debt management etc. Our families were next to useless; we had no mentors when it came to financial issues. The only people that we could speak intelligently to was one older uncle, our financial adviser (who I was always suspicious of, because he is selling us products/advice/ideas), and our tax lawyer. It became pretty clear to us that nobody talked about financial independence because they didn’t save (in spite of everyone making more than us).
Most of our friends during their 20s and through their current age still are not saving for retirement. I stopped talking about things like emergency funds, withdrawal rates, Roth vs. regular IRAs with friends and family over ten years ago.
What does everyone else do to establish a group of friends that you can talk about FIRE with? Do younger workers actually talk with colleagues about 401k options, savings rates, spending habits? Or is this topic still off limits. I would think that just coming out of a recession these topics might be less taboo, but I don’t know. Does a forum like ER fill the gap?
I would be interested in hearing what works in different circumstances.