Is personal finance talk .. privileged?
We talk a lot in the money community about debt, savings, investing, and building wealth, but truth be told, sometimes I wonder if this is all very privileged conversation.
There are others who aren’t even thinking of any of this, but just working and sending back every penny to their families either back home to their native country, or just giving their paycheques over each month to make ends meet.
Is talking about building wealth, really just for the elite amongst us?
I sometimes wonder if it is.
Without a doubt, talking about working towards early retirement is most definitely a privileged concept. Most people (before they discover the idea of early retirement that is), are assuming they’ll somehow magically retire at the age of 65 (or work towards that goal), and to even say that you want to retire earlier at … 60, even 50 .. or in some cases become work optional like me in your early 30s, is something out of left field for most people.
Some embrace it and jump on board (a little too enthusiastically sometimes), but others, think: BAH! She can say that only because she makes a lot of money….. but there are so many people who HAVE retired early on lower incomes just because they saw the goal and worked like mofos towards it.