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How Much Money Do YOU Need?

Years ago, when I was attending an Amway seminar, I was struck by something that was said:
Retirement is not a matter of how old you are, it's whether you have the money to walk away from paid employment.
It is true. One of my fellow teachers, who had been just hanging in there for several years, recently let the administration know she was leaving at the end of the school year. (both being tired of teaching, and physically exhausted because of medical problems - I don't know, but I suspect that it was a self-reinforcing loop - she was not well, so didn't enjoy the teaching, and she didn't enjoy her working hours, so tended to make her sicker).

She didn't have the age to get Social Security yet, so hesitated to retire, because of the need for medical. This year, she realized that her retirement savings could make up that shortfall until she qualified for SS.

And, she will be gone - hopefully, to enjoy the rest of her life.

Most people are hugely in debt (we have more than I would like at the moment). Consumer debt is the worst - the highest interest, the most difficult to say 'No' to. For many of us, there is little to no available cash in savings, and we are then left to fall back on credit if an appliance breaks, or if a car dies, or any other crisis hits.

There are resources for those who want to get out of that Debt Trap:

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