Re:Ask HN: What is really wrong with the US economy, really?
by esw on Thursday February 27, 2014 @10:59PM
(#7317169)
>How much do you think you should be saving every year such that saving tens of thousands every year is not enough?
OP may not have always had such a high-paying gig. I lost years of potential retirement savings working for under-funded startups (including my own). I'm making good money now and put a decent amount of money into retirement and savings, but I do feel like I'm really far behind compared to similarly-aged friends who stayed in the corporate track.
I live in Seattle proper, rent an apartment that is relatively expensive by Seattle standards, have a ten year old car, no dependents, etc and have lived that way on a similar income. I am not frugal but I also don't buy much "stuff" which probably has the same effect as being frugal. It would be hard to argue that my life is not comfortable.
Somehow I managed to save tens of thousands of dollars per year after taxes which, invested sensibly and lazily, accumulates pretty quickly into a substantial chunk of change. This is not because I am a great saver or a financial wizard, it was kind of a default outcome.
How much do you think you should be saving every year such that saving tens of thousands every year is not enough?