Comment Re:Poor savings habits strike again! (Score 2) 211
I, for one, have saved every chance I get, am approaching retirement age, and have nothing. I've had blue and white collar jobs but a combination of disabilities, my own mistakes (we all make them but people in my position don't recover) and misfortune has left me living hand to mouth on a wage too small to save on.
Hi Cheese. I'm now in my sixties. Look at the number of my member ID, and you'll see I have been on this website for a very long time.
Dave Ramsey (Author, Radio guy, podcaster, and personal finance guru) has made millionaires out of countless blue-collar and white-collar workers.
I'm not saying that his advice will work for everyone, but his methods work more often than not.
His books are free at your local library. He has hundreds of hours on YouTube. What he has to say may be more critical to your financial security than an MBA from Harvard.
Yes, our version of capitalism is broken. Yes, the top 1% have advantages you and I will never have. Yes, the billionaire class is ruling the rest of us.
And yes, in this country, we do a crappy job of caring for people with disabilities.
However, for most people who follow Dave's advice, financial security is not just a dream, but a probability.
What if Dave is too conservative for you? Google "fire financial plan" and see another path to financial security. (There are other approaches as well - Google is your friend.)
But whine like a victim, and you may remain a victim.
In national elections, I always vote for the progressive candidate not because of what they can do for me but for what they propose to do for the less fortunate in our society. My assumption has always been that I will never stop reading, learning, and retraining myself, as most of my technical skills at any given time will be absent from job postings in a few years. (And yes, I now only work because I love working and not because I need a paycheck. My years of working in a factory in the AM and frying chicken all evening are now but distant memories from the last century.)
Assuming you are already not wasting too much money on drugs and booze, then you might be someone who needs to train for a better-paying profession. (There are always good-paying jobs in both blue-collar and white-collar arenas.) Between trade schools, community colleges, Udemy, and free online resources, your entrance to your next profession may not even cost an arm and a leg.
You say you are approaching retirement, but depending on your disability, that might mean there are one or multiple decades of work ahead of you.
I wish you well. I wish you success.