Despite the current war in the Middle East and Ukraine, its considered the best of times and the worst of times.
Or as others have said we live in a K shaped economy. If your in the top ten persent your world has never been better. If your on the bottom of the K shape its seems like the end of the world despite all the junk food you can buy and abundance of entry level wages.
If I say you just need to save 20% to 50% of your wages for five years or less and you can basically retire to a lifestyle your Grand Parents would envy, I know ill get push back, despite all the regions of the US or world where an dividend check of 1000,00 would pay all your basic expenses for the month, especially in Asia, or Latin America.
Its never been easier to start an ERISA account(401k) and have asset protection against creditors and other bad characters. A ROTH is almost as good too.
Yet most single men and women wont do that. They may persue college and the debt that goes with it and then persue low wage work without the option of home ownership or children, which is sad.
One way to get ahead of these issues, is to persue a way of life when your young and healthy and can manage risk easy and with lowcost.
I have worked jobs where all my badic expenses were provided for and could save money through the company provided 401k and the rest put into a ROTH, where I bought income ETFs that throw off monthly income, all which has badic asset protection, if your worried about those things, not to mention tax relief
If you persue that lifestyle and get six figuers into saving, its enough to pay basic expenses if you want to live in Cambodia or Philippines or just on a boat in the South Pacific, and then when you want to persue employment again go back to the States, or just work online on your own projects.
Often times if you have a basic income from dividends and nothing else the tax is zero and it pays your expenses while you build up an offline or online income.
Not to mention the interesting people you meet.
I recognize this lifestyle isnt for most people and its why it works so well..
As more people become unemployed I can see more people doing this. I saw it all over Asia, from Russians I met to Filipinos I met to living outside there country if birth
As people tire of the traditional economy, and the healthcare and food options it provides I can see people wanting a differeny lifewhere your in nature more with a lower cost of living where you can manage risk more oppriately
Despite all I have written many people will not choose liberty and prosperity and because of this there isnt much competition to live this lifestyle.
Good luck.
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