Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-11-2021, 09:53 AM   #81
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ExFlyBoy5's Avatar
 
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,387
Quote:
Originally Posted by bobandsherry View Post
Stories like this is what make people delusional.
https://www.cnbc.com/2021/01/07/i-le...per-month.html
Yep. It should be noted that the person living on "$1,000" a month in MX also published a book. And I believe has a blog. So, I am not very convinced about the $1,000 month part.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
ExFlyBoy5 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-11-2021, 10:04 AM   #82
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,402
Quote:
Originally Posted by ExFlyBoy5 View Post
Yep. It should be noted that the person living on "$1,000" a month in MX also published a book. And I believe has a blog. So, I am not very convinced about the $1,000 month part.
Says she makes $100/mo on her book and she puts that into savings. But no mention of where or what her one bedroom looks like. Lots of items that people can put their own "view" on and make it better in the mind than what it is. Seems to ignore how she would cover other expenses such as when it comes time to replace her car. But power to her if she's happy.
bobandsherry is offline   Reply With Quote
Old 01-11-2021, 10:25 AM   #83
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 19,487
Quote:
Originally Posted by bobandsherry View Post
Says she makes $100/mo on her book and she puts that into savings. But no mention of where or what her one bedroom looks like. Lots of items that people can put their own "view" on and make it better in the mind than what it is. Seems to ignore how she would cover other expenses such as when it comes time to replace her car. But power to her if she's happy.
Being happy with her life, whatever it really looks like, is indeed fine, but leading others down the primrose path is a problem.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 01-11-2021, 11:19 AM   #84
Thinks s/he gets paid by the post
 
Join Date: Jun 2017
Location: Western NC
Posts: 3,631
Quote:
Originally Posted by Gumby View Post
Being happy with her life, whatever it really looks like, is indeed fine, but leading others down the primrose path is a problem.
Live like a native & it's not a problem...i.e. buy food in the tianguis, take the bus. etc.

If you need to live around/hang out with other gringos, however, you'll normally pay one heck of a premium.
ncbill is offline   Reply With Quote
Old 01-11-2021, 12:53 PM   #85
Thinks s/he gets paid by the post
 
Join Date: Mar 2015
Location: the prairies
Posts: 4,187
Quote:
Originally Posted by ExFlyBoy5 View Post
Yep. It should be noted that the person living on "$1,000" a month in MX also published a book. And I believe has a blog. So, I am not very convinced about the $1,000 month part.
I know someone who lives on about $1,100 a month in Mexico. But, they rent a tiny 400 sq ft place from a local (probably under the table money) a few blocks off the tourist area. It's too small and too far off the desirable area for most. He walks everywhere and eats cheaply at home.

I'm sure it can be done if you're willing to make certain sacrifices, but it won't be an ideal retirement for most people.
Music Lover is offline   Reply With Quote
Old 01-11-2021, 12:56 PM   #86
Thinks s/he gets paid by the post
corn18's Avatar
 
Join Date: Aug 2015
Posts: 1,883
I used to brag on my mom a lot because she lives off of her social security check, which is $1,000 a month. Turns out my brother has been subsidizing her to the tune of $700 / mo for food. Otherwise she doesn't eat right for an 80 year old.

So I agree that living on $1,000 a month in the US is gonna be really hard.
__________________
Consistently sets low goals and fails to achieve them.
corn18 is offline   Reply With Quote
Old 01-11-2021, 01:24 PM   #87
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 11,412
I assume that means takeout and pre-prepared meals? Because $700 a month would buy more groceries than the two of us can eat, even with someone else helping from time to time.

Quote:
Originally Posted by corn18 View Post
I used to brag on my mom a lot because she lives off of her social security check, which is $1,000 a month. Turns out my brother has been subsidizing her to the tune of $700 / mo for food. Otherwise she doesn't eat right for an 80 year old.

So I agree that living on $1,000 a month in the US is gonna be really hard.
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
Amethyst is offline   Reply With Quote
Old 01-11-2021, 01:41 PM   #88
Thinks s/he gets paid by the post
corn18's Avatar
 
Join Date: Aug 2015
Posts: 1,883
Quote:
Originally Posted by Amethyst View Post
I assume that means takeout and pre-prepared meals? Because $700 a month would buy more groceries than the two of us can eat, even with someone else helping from time to time.
Yup. We aren't close enough to take care of her in person, so we send her the prepared meals each day. Not sure what service they are using.
__________________
Consistently sets low goals and fails to achieve them.
corn18 is offline   Reply With Quote
Old 01-11-2021, 07:31 PM   #89
Thinks s/he gets paid by the post
 
Join Date: Aug 2013
Location: North
Posts: 3,484
Quote:
Originally Posted by CSdot View Post
I saw that and couldn’t help but think it had to be a joke.
... but also the comment in their annual salary line about $26k + employer match where later they acknowledge they only have $20k + employer match TOTAL in the 401(k) account.
I caught that as well. Reminds me of when my mom would come back from the casino and say "I won $500"...and I would have to ask...yeah but how much did you lose?
__________________
AA (Stock/Bond/Cash ): 97.5/0/2.5% MIX (Small/Mid/Large): 25/25/50% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): ~50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
kgtest is offline   Reply With Quote
Old 01-11-2021, 09:11 PM   #90
Recycles dryer sheets
G8tr's Avatar
 
Join Date: Apr 2014
Posts: 191
Quote:
Originally Posted by kgtest View Post
I caught that as well. Reminds me of when my mom would come back from the casino and say "I won $500"...and I would have to ask...yeah but how much did you lose?
Lots of people only remember their winning bets. To make real progress, you need to take stock of both your winners and losers.
G8tr is offline   Reply With Quote
Old 01-29-2021, 09:36 PM   #91
Thinks s/he gets paid by the post
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
As to OP, yes the couple is delusional about retiring given the data as stated in OP. They should not retire, barring a case where couple wants to live on welfare and food stamps.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Delusional parasitosis/Ekbom ohyes Health and Early Retirement 16 07-03-2018 09:42 PM
Comparing Working Couple's Expenses to Retired Couple DFW_M5 FIRE and Money 38 01-19-2015 06:38 PM
Boomers Delusional/Clueless About Health tangomonster Health and Early Retirement 7 07-10-2013 06:22 AM
54 and delusional beerdreams Hi, I am... 9 08-04-2009 08:03 PM
A couple stocks out, a couple ones in... Art G Active Investing, Market Strategies & Alternative Assets 0 02-11-2008 09:03 AM

» Quick Links

 
All times are GMT -6. The time now is 04:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.