Single Men Retiring Rich - MGTOW

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Published on 16 Jan 2020 / In People & Blogs

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Poor Richard's Retirement: Retirement for Everyday Americans

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Hi Everyone Sandman Here,

This video is brought to you by a donation from Aaron Clarey the Author of Poor Richard's Retirement and he wants me to review his book with the same name. But before I do let me first tell you about today's sponsor The MGTOW's Guide To Retiring on 200K in Southeast Asia: Anyways, so now you have two books to help you retire. The links to both are down below. As for Poor Richard's Retirement Aaron Clarey discusses that the new retirement of the future will require minimalist principles and not socking away an extra $100 bucks a month into your IRA. It's about reprogramming one's priorities and that traditional retirement planning is dead and damaging. I will agree because once a man retires he loses his purpose and once that happens depression and the drink show up and take him away to an early grave. Aaron says that in an ideal 1950s America people would put money away every month and earn eight percent average on have enough to retire for twenty years of blissful ignorance. But back then life expectancy was 68 and people retired at 65. Today life expectancy is 79 and pension schemes in the west are going bust because the actuaries didn't account for the fact that people would be outliving their money. The next problem is that economic growth started slowing down in the United States as the rest of the world built back their factories after WW2. As a result more people than ever are living paycheck-to-paycheck. Plus Aaron says that the stock market is over-valued with too many retail investors. I don't buy that 100% because many American companies are taking advantage of the growing Chinese and Indian markets. They are no longer local. They are global. But he's right you don't want to keep all your money in stocks as you near retirement. The problem is also that only 15% of boomers have the 500K in their bank accounts required for a standard successful retirement assuming there isn't another stock market crash. But Aaron keep in mind that the Federal Reserve is going to keep printing money and it's probably going to be QE until infinity following Japan's example. But regardless if the stock market crash shows up or not most people are screwed. You say that there's only enough money for one generation to retire, the boomer and everyone else after that is screwed. I agree and that's why I look at my Canada Pension plan money that I pay the government every year as a self employed man Roughly 6k is money that's going into a black hole. Plus as you say Aaron people need an over priced degree to get a job and people's homes are three times bigger than they used to be plus people buycars as status items instead of for their utility. Plus people have to have the newest technology and fashion every year. So it's not that people can't afford to retire. They just can't afford to retire at the lifestyle they are accustomed to. That's why men going their own way that don't need to impress a woman enough to marry her or shower her wealth to make sure she stays married to him have a lot of advantages. Of course Aaron if people started budgeting and stopped spending the way mgtows do then the economy would crash. You make mention of this.

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3 Comments sort Sort By

One_Ronin 9 months ago

The new acronym is FIRE, Financially independent, Retire Early. Just started recently in my late 50's. Was red-pilled many years ago but always knew I wanted to achieve FIRE.

1. Live below your means
2. Burn debt, only debt you can have in the middle years is mortgage.
3. Invest In ETF's and use all the tools available, TFSA, RRSP (Canada) employer sponsored RRSP's (free money)

I was a high school drop out and an accidental chad. I am proof you can turn it all around with time and will power and Achieve the FIRE goal.

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ChroniclesofAJ 9 months ago

Thats the goal

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