The rich barista vs broke engineer The rich barista earns $40,000 per year The broke engineer earns $120,000 per year The rich barista has a roommate and pays $900 per month for rent The broke engineer has a luxury apartment and pays $2,800 per month for rent The rich barista uses the public transit for $130 per month The broke engineer finances a BMW paying $900 per month The rich barista cooks at home for $400 per month The broke engineer spends $1,200 per month on restaurants The rich barista invests $500 per month in $VOO for 45 years The broke engineer only invests $200 per month in $VOO for 45 years The rich barista retires with $1,896,297 The broke engineer retires with $758,519 It’s not about what you make…it’s about what you keep Be the rich barista
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39 Comments
Ajay Singh
@ajaycnt · 6mo
What if both the rich barista and the engineer die soon after they retire. A broke engineer at least lived a good quality of life. Balance have to be maintained Deprevation vs Frugality
LM @retiredyoung · 6mo
This is actually a good analogy. The comments however, I question. What happened to this app? It used to be great. Now I come on here and I’m bombarded by YouTube gurus, who show their portfolios and believe they are now financial geniuses, trying to attract a following to make more money with limited experience. OR I have to read rude ass comments. Not everyone on here is AMERICAN. I know that’s a hard concept for Americans to grasp… not all engineers are under a pension globally. And why nitpick? We’ve got a live hard you might die comment on here too. Geez. I’d say a good 90% of the commments are negative and rude. Here I am a multi millionaire, retired for 13 years now and turning 50. And why would I post? So some dumb ass 22year old who knows shit about investing can vent their anger by targeting a post they might disagree with? Fat chance I’m going to waste my time. So now who’s the majority commenting this app? People who know basically nothing. The only time I ever come on here anymore is to see what the majority of the idiots are doing. Then I proceed to do the EXACT Opposite.
Jose @dr.drip · 6mo
The rich engineer will also retire with a 401k, annuity and a pension if they're in a union...and in 45yrs, will have at minimum 1 million in the annuity and 5k a month off the pension...pick a different trade to compare next time...forever union!!! 🇺🇸 💪
Parth Patel@ptlparth · 6mo
Just 1 genuine question. The money that will be saved for retirement be used for what? Travelling? With brokern back, poor health, low energy, food restriction, medicines etc or you will travel at 30-40 yrs enjoying life at the right time? At older age you chase for love and at 30-50 yrs of age you chase money and life style. Stop this non-sense post. Work hard, earn money and enjoy your life in present.
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