Arvind9 wrote: I like this topic,nowdays people see how much you have and how they can get a piece of it there is nothing to loose if one gets something good or else its a no loss situation
Not only money, they want a piece of your money and your willy, if you only have willy and no money, tough luck, but if you have money and no willy, that's fine - you just uncovered the world of gold digging, that is quite rampant in many parts of the world now - and it's not just about marriage, we all know that is a big scam to begin with since it IS entirely based on money - proof of concept, you might hear about some very young women with very very old blokes, say 29 year old female with a 79 year old git, now I'll let you do the math there
BUT this gold digging applies to friendships too, here's the deal - you figure pretty f***ing fast who are your true mates - because when they bloody need something or your help, you are king - but the day you need something from them - or you are in the dumps or situation bad for you, they abandon you like a piece of trash abandoned in the back alley - betrayal goes in both sense, relationship and friendship - so the golden rule in life - trust nobody but yourself, and if you spend your money spend it wisely, I don't wanna more for the "sensitive" readers out there but just read my mind
Now as to how much money you need, well with 8% inflation yearly, maybe 10%, you will need 10 times more money in 10 years than you do today. Once upon a time you could get by in this country with $20k if you were a wise shopper, single and did not require luxury. TODAY, if you want to rent vermin infested ghetto, 1 room, you would need to cough up over $1k/month rent and that is the worst case situation - if you want a house, even a run down old 100 year old home that needs $200k repairs, get ready to pay $700k MINIMUM for the trashiest house of that you will pay $8k property tax every year. You literally would need MILLIONS here by the time you retire to live SOMEWHAT barely. Nobody in this sh** hole can rely only on Canadian old age pension which is around $670 and provincial pension, you WILL need extra streams from work pensions and RRSP (401k equivalent) of that you will still pay taxes - here in this country you get rear ended whilst you work, and rear ended whilst retired.