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35 and going backwards
Old 06-10-2018, 10:57 AM   #1
Dryer sheet wannabe
Join Date: Jun 2018
Posts: 17
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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Old 06-10-2018, 11:14 AM   #2
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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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Old 06-10-2018, 11:23 AM   #3
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Get some help for your ADD.
Retired at 59 in 2014. Should have done it sooner but I worried too much.
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Old 06-10-2018, 12:02 PM   #4
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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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Old 06-10-2018, 12:09 PM   #5
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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 7%, rental income 18%
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Old 06-12-2018, 04:23 PM   #6
Dryer sheet wannabe
Join Date: Jun 2018
Posts: 17
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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Old 06-12-2018, 04:42 PM   #7
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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 65/35/0 AA TBD
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Old 06-13-2018, 08:12 PM   #8
Dryer sheet aficionado
Join Date: Dec 2017
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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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