When I'm in our production rooms with our operators I talk finances with them &

Jun 14, 2021
10:33:20am

Kauai Starter

it's a struggle for many of them to contribute to their 401k because they are supporting their parents or in laws and their young kids. Totally sandwiched. Tough situation that they're barely surviving.

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Kauai

Bio page: Kauai
Joined: Oct 22, 2018
Last login: May 1, 2024
Total posts: 4,665 (4 FO)

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Messages

Author

Time

At what point do you know you're spending too much money? Is it when you can no

dYrtbYkerYder

6/14/21 9:21am

Your second paragraph doesn’t make sense

cougarfann888

6/14/21 9:23am

Fixed.

dYrtbYkerYder

6/14/21 9:49am

That.. also if you’re having to run the numbers in your head whether you

cougfanz

6/14/21 9:35am

Too much is (25 x expenses) > 4% of expected nest egg at retirement. Expenses

BYUFootballisBack

6/14/21 9:52am

If you're maxing out your match, and can pay your bills, you'll do ok.

paulb

6/14/21 9:53am

Yes. Also, people taking out HELOC loans to buy toys or take vacations

UVCoug

6/14/21 9:53am

When you can’t max out retirement vehicles and also maintain 4-6 months

kotacoug

6/14/21 9:54am

We rein it in when our savings rate drops below 40%

EQD2

6/14/21 9:59am

Couple of very rough rules of thumb I’d suggest (recognizing

hansel

6/14/21 10:20am

I like number 3 a lot. Makes me think of wealthy barber, if you don't learn

paulb

6/14/21 10:25am

When I'm in our production rooms with our operators I talk finances with them &

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