3 ms·

I expect to have $500k by 27. No, I don't have a house, I split an apartment with a roommate close to work so I have a very short commute.

likeapub 11y ago
500k is enough for retirement? are you going to live in a cheap city?
- grenzbegriff 11y ago
  It's enough for me to live the way I live right now, indefinitely. I currently live in silicon valley paying very high rent ($1100/mo). If I didn't want to work I could live somewhere a lot cheaper. "Retirement" means different things to different people. I was talking about financial independence, which means I can choose to retire, but more likely it will mean I find work I enjoy more, without considering the pay as much. There are some risks, nothing is guaranteed: - I could have health problems that cost me too much even with health insurance - The market could crash and never recover But if the market crashes and doesn't recover, maybe I'd have to go back to work for a while. Health problems are a risk for everyone, and no amount of money is going to guarantee good health. However, I bet that leaving the office job early will reduce the risk of health problems overall anyway.
  - likeapub 11y ago
    good luck! i also hope to have 500k net worth soon too, probably in a few years. do you anticipate marrying and having a house soon?
    - grenzbegriff 11y ago
      Life could go anywhere -- this is just my current plan. It has been my plan since I started working 2.5 years ago, but it may change. If I meet someone, who knows. :) But I am happy already, while I'm single and don't own a house. I also don't assume that it's necessary to own a house when one is married. The hypothetical We could decide whether it's worth trading 2-3 more years of work to buy a house. Maybe it would be, maybe not. The key is to consider the options, and not just assume you have to do what everyone else does.

likeapub 11y ago

500k is enough for retirement? are you going to live in a cheap city?

grenzbegriff 11y ago
It's enough for me to live the way I live right now, indefinitely. I currently live in silicon valley paying very high rent ($1100/mo). If I didn't want to work I could live somewhere a lot cheaper. "Retirement" means different things to different people. I was talking about financial independence, which means I can choose to retire, but more likely it will mean I find work I enjoy more, without considering the pay as much. There are some risks, nothing is guaranteed: - I could have health problems that cost me too much even with health insurance - The market could crash and never recover But if the market crashes and doesn't recover, maybe I'd have to go back to work for a while. Health problems are a risk for everyone, and no amount of money is going to guarantee good health. However, I bet that leaving the office job early will reduce the risk of health problems overall anyway.
- likeapub 11y ago
  good luck! i also hope to have 500k net worth soon too, probably in a few years. do you anticipate marrying and having a house soon?
  - grenzbegriff 11y ago
    Life could go anywhere -- this is just my current plan. It has been my plan since I started working 2.5 years ago, but it may change. If I meet someone, who knows. :) But I am happy already, while I'm single and don't own a house. I also don't assume that it's necessary to own a house when one is married. The hypothetical We could decide whether it's worth trading 2-3 more years of work to buy a house. Maybe it would be, maybe not. The key is to consider the options, and not just assume you have to do what everyone else does.