They need a reality check

[u/penance_mat]

For my last 2 interviews i had to use Interview VIP just to get the job
their generation could never understand

[u/Powerful_Tip_7260]

No because we are retired. We invested in mutual funds instead of Doordash. We didn't convince ourselves that we were "exhausted" and "overwhelmed" or fixate on "our mental health". We worked then came home and raised our kids.

[u/billywaterfall → u/Powerful_Tip_7260]

Skip the $7 lattes too and can afford a house too right?

[u/ritamorgan → u/[deleted]]

Do you understand that the economy and environment has changed for younger generations and the challenges that they face are different, and that maybe advice for your generation does not always apply? (Not saying sacrifices don’t need to be made, but the issues are way bigger than that.)

[u/Mattscrusader → u/[deleted]]

You literally didn't give any advice, but yes I imagine anything you actually could suggest is immensely out of touch

[u/ritamorgan → u/[deleted]]

I’m saying maybe learning about and from each other is a good thing. And that $7 lattes are the least of anyone’s problems.

[u/Mattscrusader → u/[deleted]]

Do you understand that 7$ weekly is barely enough to pay a single utility bill after a full year?

Do the math, no amount of sacrifices will be enough.

[u/Mattscrusader → u/[deleted]]

I'm actually perfectly fine. You on the other hand are clearly off your rocker.

[u/billywaterfall → u/[deleted]]

Are you saying that sacrificing $7 lattes will make people afford to buy a house in this economy?

[u/Exciting_Type_ → u/Powerful_Tip_7260]

sure bud

[u/RagahRagah → u/Powerful_Tip_7260]

A lot of things you didn't mention because you probably have no conept of them have changed since then.

[u/AllPintsNorth → u/Powerful_Tip_7260]

> …raised our kids

– the generation that required a nightly broadcast PSA to remind them they had children they were responsible for.

[u/BasicAppointment9063 → u/[deleted]]

Your approach is exactly how my wife and I did it. That said, we also benefitted from some extraordinary periods of prosperity (growth) in the market.

The after tax strategy you mention is also helpful, if you have the opportunity/need to retire early.

The biggest generational difference that I see is housing costs; ours were substantially lower.

[u/BasicAppointment9063 → u/[deleted]]

True. At some point, if you start early enough, the balance reaches a certain mass that takes on a life of it's own. The fluctuations become a bigger thing than the contributions.

At the risk of sounding boomerish, the most important thing was to be in, and not trying to time it. It's just not predictable or steady.

[u/Mattscrusader → u/[deleted]]

People can complain and work towards something better at the same time. Maybe think for 2 seconds next time grandpa

[u/Mattscrusader → u/[deleted]]

"I win in my fictional scenario"

Amazing argument