I see the lives of my parents, mum is early 50's and my dad mid 50's in age.
They have both been working since they left school 30+ years ago. Dad has a decent high paying job and mum works 4 days a week.
3 kids (including me) have all left home now and two have finished university. Sure they have a really nice $800k plus home in Auckland's North Shore (has roughly a $150k mortgage still left on it) , both have nice cars in the $5-10k range. Dad has been working in the same company for 35+ years so has a company pension of $500k plus.
They live comfortable lives, if you were most of New Zealand you would think their life it great. However, I've seen how hard they both work in their jobs and also around the house. I also have a good work ethic and want to achieve many things in my life.
But I just don't want to get caught in that same trap of living a comfortable life. I want to have a bit more money and income coming in other than my job so I don't have to work all the way till I'm 60-65 like my parents are going to.
This may sound like I'm whining a little bit, because I am better off that a lot of people, but after 35 more years of working, saving, investing, etc, is this what I have to look forward to?
How do I not get myself into that trap? What are some golden rules to make sure I'm not stuck in that same position.
Thanks,
ENP
They have both been working since they left school 30+ years ago. Dad has a decent high paying job and mum works 4 days a week.
3 kids (including me) have all left home now and two have finished university. Sure they have a really nice $800k plus home in Auckland's North Shore (has roughly a $150k mortgage still left on it) , both have nice cars in the $5-10k range. Dad has been working in the same company for 35+ years so has a company pension of $500k plus.
They live comfortable lives, if you were most of New Zealand you would think their life it great. However, I've seen how hard they both work in their jobs and also around the house. I also have a good work ethic and want to achieve many things in my life.
But I just don't want to get caught in that same trap of living a comfortable life. I want to have a bit more money and income coming in other than my job so I don't have to work all the way till I'm 60-65 like my parents are going to.
This may sound like I'm whining a little bit, because I am better off that a lot of people, but after 35 more years of working, saving, investing, etc, is this what I have to look forward to?
How do I not get myself into that trap? What are some golden rules to make sure I'm not stuck in that same position.
Thanks,
ENP
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