Comments on: Money Matters for All Ages – The Chaotic Thirties http://www.moolanomy.com/414/30s-the-chaotic-decade/ Personal Finance. Investing. Wealth Building. Thu, 09 Feb 2012 18:55:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jonathan http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-8050 Jonathan Sat, 05 Apr 2008 13:50:50 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-8050 Starting early is key as patick mentions. The thirties are what I sometimes refer to as the neglect decade because we are all so busy with family life and enjoying ourselves (which we should) that we forget that the forties are just around the corner. Saving and making good investmets no are critical as it will make the different between a good or bad retirement. Starting early is key as patick mentions. The thirties are what I sometimes refer to as the neglect decade because we are all so busy with family life and enjoying ourselves (which we should) that we forget that the forties are just around the corner. Saving and making good investmets no are critical as it will make the different between a good or bad retirement.

]]> By: Mr. Stubbs http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4978 Mr. Stubbs Tue, 29 Jan 2008 23:25:03 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4978 wow a great comprehensive article. life looks so simplistic when written in economic terms. wow a great comprehensive article. life looks so simplistic when written in economic terms.

]]> By: Adfecto http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4453 Adfecto Tue, 22 Jan 2008 21:06:43 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4453 I am just starting to feel comfortable with my situation as a home owner and spouse in my 20's. I have a reasonable expectation of about $20k of headroom in my job (with limited options above that till 45+) and all of it will be gone to taxes and retirement if I am to max my Roth IRA and 401K. I have no idea where I will find money for diapers and a 529 plan. My wife and I want to have children but I just don't see my income growing fast enough to balance all of the new expenses I will find when I reach my 30's. Children and hitting 30 scare the bejesus out of me... I am just starting to feel comfortable with my situation as a home owner and spouse in my 20′s. I have a reasonable expectation of about $20k of headroom in my job (with limited options above that till 45+) and all of it will be gone to taxes and retirement if I am to max my Roth IRA and 401K. I have no idea where I will find money for diapers and a 529 plan. My wife and I want to have children but I just don’t see my income growing fast enough to balance all of the new expenses I will find when I reach my 30′s. Children and hitting 30 scare the bejesus out of me…

]]> By: David http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4356 David Tue, 22 Jan 2008 03:43:18 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4356 Us old folks sure know a thing or two! Us old folks sure know a thing or two!

]]> By: Pinyo http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4342 Pinyo Tue, 22 Jan 2008 02:01:27 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4342 @Patrick - thank you. Ha, that's one of my famous charts. I think it does a good job of showing the effect of time and the power of compounded growth. "the important thing is to start whenever you can!" Absolutely! @Mrs. Micah - Yes, and it's tougher to deal with money when you are younger too, because both of you are still maturing financially. Just my 2 cents. @SavingDiva - Saving for retirement is very important. Owning a home is certainly not a requirement for financial success. Depending on the many variables involved, some people are financially better off renting and investing the difference. This requires a lot of discipline though. @Fathersez - It's definitely defining for me too, and I am not even half way through it yet. I am not sure how old you are, may be slightly older than me, but if you want to pitch in with one of the later decades, feel free! @Patrick – thank you. Ha, that’s one of my famous charts. I think it does a good job of showing the effect of time and the power of compounded growth.

“the important thing is to start whenever you can!”

Absolutely!

@Mrs. Micah – Yes, and it’s tougher to deal with money when you are younger too, because both of you are still maturing financially. Just my 2 cents.

@SavingDiva – Saving for retirement is very important. Owning a home is certainly not a requirement for financial success. Depending on the many variables involved, some people are financially better off renting and investing the difference. This requires a lot of discipline though.

@Fathersez – It’s definitely defining for me too, and I am not even half way through it yet. I am not sure how old you are, may be slightly older than me, but if you want to pitch in with one of the later decades, feel free!

]]> By: fathersez http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4330 fathersez Mon, 21 Jan 2008 23:30:39 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4330 The 30's were a defining period for me. Already married with two children and with zero savings. The need to have savings started and mainly to ensure the kids education. From there it grew to retirement etc. The 30′s were a defining period for me.

Already married with two children and with zero savings.

The need to have savings started and mainly to ensure the kids education. From there it grew to retirement etc.

]]> By: SavingDiva http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4325 SavingDiva Mon, 21 Jan 2008 20:21:38 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4325 I'm still working on saving for a home (maybe in my 30s), but I am saving for retirement (started at 24)...so I think I'm doing okay for my 30s... I’m still working on saving for a home (maybe in my 30s), but I am saving for retirement (started at 24)…so I think I’m doing okay for my 30s…

]]> By: Mrs. Micah http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4323 Mrs. Micah Mon, 21 Jan 2008 18:59:38 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4323 Ah yes, those lovely years. Micah will be hitting them soon... Working out marriage and finance has been very important to us even at this early date. I can see how we could run into some major problems by not being on the same page! Ah yes, those lovely years. Micah will be hitting them soon…

Working out marriage and finance has been very important to us even at this early date. I can see how we could run into some major problems by not being on the same page!

]]> By: Patrick http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4306 Patrick Mon, 21 Jan 2008 14:20:53 +0000 http://www.moolanomy.com/414/30s-the-chaotic-decade/#comment-4306 Great tips, Pinyo! I especially like the visuals for investing and how it matters when you start. As you mentioned, the important thing is to start whenever you can! Great tips, Pinyo! I especially like the visuals for investing and how it matters when you start. As you mentioned, the important thing is to start whenever you can!

]]>