|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Investing/Strategies / Retirement Investing |
||
|
URL:
https://boards.fool.com/i-bought-a-new-honda-acord-in-1990-and-drove-it-34161378.aspx
|
||
| Subject: Re: Cut These Expenses, Add $500K to Retirement | Date: 3/19/2019 9:08 PM | |
| Author: telegraph | Number: 92502 of 104226 | |
|
I bought a new Honda Acord in 1990 and drove it for 17 years. Got tired of it. Put 1/3rd my salary as a telecom engineer into investments. Ate breakfast and dinner at home most days, and bought sandwich in company cafeteria. Many others went out every day for lunch and spend $$ on lunch. I spent #1.70 or so for a sandwich then. Retired in 1999 after a nice 10 year run in the stock market. Most of my co-workers couldn't 'believe' that anyone could retire at 52..... but they all had much bigger houses, bigger fancier cars or two.....ate out 4-5 days a week.....and likely for dinner, too..... had 'fantastic vacations' ......etc. Sadly, many got caught in the telecom meltdown and used a big chunk of what savings they had to survive months till they found new jobs. And they worked and worked till 65 or 70. Luckily, I bailed out at the right time and was 'ready' to do so. t. |
||
| Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||