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"She paid for school through scholarships and her family's savings."retired at 28 with 2.25Mil
http://money.cnn.com/2017/08/02/pf/early-retirement/index.html
retired at 28 with 2.25Mil
http://money.cnn.com/2017/08/02/pf/early-retirement/index.html
I think we hit a nerve...
Eh, I've got a client (hedgefund guy) that retired late 30's.
His new hobby is "starting businesses and losing money".
Of course his results are not typical, and I don't know his life's story, but I wouldn't mind never working a day in my life again.
I see these ALL THE TIME on Yahoo and other bullshit sites. Before even reading the article, I know a few bullets on how they did it that are common to every story.
- One spouse is usually still working. This covers insurance. None of these "early retirements" pay for Obamacare or go without insurance. Or they move to nations with free healthcare.
- They have zero home payments. I read one where a girl was gifted a house from her grandmother. She rents that one out. Bought a house, rents that out too. And still lives at home with her parents at like, 30 years old.
- They have zero student debt. Typically someone paid for their college.
- They still "work" and generate income. 30-40 hours a week "blogging" for your website isn't exactly retirement.
- .00001% of Americans can do what they do. People who generate income while traveling, blogging, etc. are like playing in the NBA. So few can do it, it's not a reasonable option.
Edit: Adding #6. The bloggers NEVER EVER EVER EVER show their true costs, income, and savings. It's always incredibly vague. I know this article includes a sample sheet, but it was from her early income and never showed her salary. If you can earn $300,000 a year when you are 26 and save 70% of that, you're in an incredibly rare space that very few others can do. And if you are making that much, why not do it for 5 more years and your husband can retire too. Travel the world instead of living in your 325 square foot apartment.
im so lost...
I'm adding an update to a rant from two years ago. Apparently I'm not the only one who thinks these "i retired at 26" articles are bullshit. You have to read through the thread to understand my point. Just reading the most recent posts won't make sense.im so lost...
I see these ALL THE TIME on Yahoo and other bullshit sites. Before even reading the article, I know a few bullets on how they did it that are common to every story.
- One spouse is usually still working. This covers insurance. None of these "early retirements" pay for Obamacare or go without insurance. Or they move to nations with free healthcare.
- They have zero home payments. I read one where a girl was gifted a house from her grandmother. She rents that one out. Bought a house, rents that out too. And still lives at home with her parents at like, 30 years old.
- They have zero student debt. Typically someone paid for their college.
- They still "work" and generate income. 30-40 hours a week "blogging" for your website isn't exactly retirement.
- .00001% of Americans can do what they do. People who generate income while traveling, blogging, etc. are like playing in the NBA. So few can do it, it's not a reasonable option.
Edit: Adding #6. The bloggers NEVER EVER EVER EVER show their true costs, income, and savings. It's always incredibly vague. I know this article includes a sample sheet, but it was from her early income and never showed her salary. If you can earn $300,000 a year when you are 26 and save 70% of that, you're in an incredibly rare space that very few others can do. And if you are making that much, why not do it for 5 more years and your husband can retire too. Travel the world instead of living in your 325 square foot apartment.
I retired at 34.I was reading an article about retirement and making your money last.
The article recommended a website to take an age survey.
https://www.livingto100.com/calculator
You will need to enter email and password to get results.
It takes about 10 minutes but the results came back saying I will live to 91.
Looks like I need to plan for a little more savings than I originally anticipated before I retire.
I retired at 34.
Oh, this is celerity.
Hey !Welcome back CEL!