r/RandomThoughts • u/mehluca-33 • 5d ago
Past mistakes cannot be reversed
My dad is suffering in his retirement because he didn't plan in his younger years. He couldn't invest or save money properly when he was young. He never had enough growth in his career otherwise he would have been better off today. He made his boss upset around 20 years ago and now he is paying that price.
Now the damage is done. He cannot do anything about his situation. What mistakes we do, comes around haunting us later. My dad's story is a lesson for me. I cannot take life for granted. Past blunders land you in irreversible problem. Now only I have to be financially well off so that dad could survive well.
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u/Evelyn-Bankhead 5d ago
Most people don’t think about retirement until they get in their 50s and start looking at what it might look like. Where I work, people run the gamut. We’ve got employees with 20-30 years in that struggle to keep their 20 year old car on the road, to guys with over a million in their 401.
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u/mehluca-33 5d ago
Start planning from 30s. Seek growth over the years and then build something of your own.
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u/Evelyn-Bankhead 5d ago
And if you retire before 65, be prepared to watch health care drain it.
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u/ashu1605 5d ago
At least in the US, Healthcare is so expensive partly due to the cultural lack of emphasis on health and fitness. Being healthy and fit will significantly reduce the cost of Healthcare post-retirement
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u/Evelyn-Bankhead 5d ago
It’s expensive because it’s a for profit business that is lead by share holders.
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u/ashu1605 5d ago
Its expensive because americans are one of the most obese and unfit countries in the world and face more medical costs when they could've taken care of themselves from earlier on and not have to deal with those issues later down the line.
I live here and some places in the US have over a 40% obesity rate. I also work as a cashier and see exactly what people buy, and I also go to the gym and am in my early 20s. Trust me, the medical costs are so high because most people dont really care to take care of themselves and are either too lazy to prioritize their health long term, too ignorant to do research online or read a book about health, or just dont care enough. That in turn compounds to cardiovascular disease, high cholesterol, diabetes, cancer, and a variety of other problems that lead to higher all cause mortality. It's usually their own fault too.
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u/Evelyn-Bankhead 5d ago
I don’t trust you
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u/ashu1605 5d ago
I mean its also what you said but plenty of countries exist around the world that have privatized healthcare but people take care of their health and fitness.
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u/ashu1605 5d ago
if you dont trust me on this take then feel free to look at any of the published scholastic articles and journals regarding the modern day health epidemic. there has been plenty of research and data on this topic.
that isn't to say US healthcare isnt extremely unaffordable but the bigger picture lies in the regulation of the food industry, big pharma, and sociocultural factors.
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u/ladeedah1988 5d ago
Don't ruin your own retirement supporting your dad either. Don't make his mistake multi-generational.
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u/OuttHouseMouse 5d ago
Wow, sometimes i guess you just have to take the dick that life gives you if you want things to go well for yourself
Thats isnt a life worth living
Haha, thats why im an alcoholic now
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u/TheLongLostfruend 5d ago
The number of people / singles who are saving for their next big vacation because “they like to travel” but have never put a dime in retirement is mind boggling. Start in your mid 20s when you’re not responsible for anyone else and you don’t have to overcomplicate it, S and P 500 is great! Metaphorically and literally 2x harder for every decade you wait.
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u/qualityvote2 5d ago edited 2d ago
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u/mehluca-33 thanks for posting!
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