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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 wo
by 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 agogood 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 agoLife 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.