Comments on: How to retire a millionaire without doing much of anything https://dfarq.homeip.net/how-to-retire-a-millionaire-without-doing-much-of-anything/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-retire-a-millionaire-without-doing-much-of-anything David L. Farquhar on technology old and new, computer security, and more Mon, 17 Oct 2005 00:44:43 +0000 hourly 1 By: Anonymous https://dfarq.homeip.net/how-to-retire-a-millionaire-without-doing-much-of-anything/#comment-5548 Mon, 17 Oct 2005 00:44:43 +0000 https://dfarq.homeip.net/?p=1509#comment-5548 In reply to Anonymous.

Well, there’s no question that the government isn’t going to take care of you–most GenXers, when asked if there’s a greater probability of the existance of UFOs or of them getting Social Security benefits pick UFOs–and the first thing any company cuts is retirement benefits, not the CEO’s six- or seven-figure salary. Workers are treated as mercenaries anymore, whether we like it or not.

It’s possible to play the rules to your benefit too. And increasingly, it’s necessary. I need to go over the specifics again, but I believe that if you incorporate, your corporation can dump up to $40,000 (yeah, 40 grand) a year into a profit-sharing IRA. That’s a nice way to build a nest egg. The hard part is figuring out how to make enough for that rule to be of advantage to yourself.

But that’s a moot point for most Americans, since most Americans have let the TV program them to spend every cent they make and then some.

In 30 years, I may very well be the only guy on my street who gets to retire.

]]> By: Anonymous https://dfarq.homeip.net/how-to-retire-a-millionaire-without-doing-much-of-anything/#comment-5547 Sat, 15 Oct 2005 00:48:08 +0000 https://dfarq.homeip.net/?p=1509#comment-5547 The CEO over at Delphi has a great deal to say on the future of this country. Listen because it’s the future for all workers that aren’t indispensable.
When one reads, you should include histories.
Millions of people lost farms and homes in the ’30’s because money was so scarce they couldn’t pay their taxes.
In Germany a wheelbarrow full of marks couldn’t buy a loaf of bread.
Put your faith in G_d and when it all comes unraveled, you will have a place to stay.

"There are three kinds of men. The one that
learns by reading. The few who learn by
observation. The rest of them have to pee
on the electric fence for themselves."
WILL ROGERS

The Camel and the Needle’s Eye
http://www.debunker.com/texts/needleye.html

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