5 ms·

Nuts to that, I'll take the million please. A million bucks, moderately levered and invested in rental property = cash flow for life. You won't live rich, bu

• ryanwaggoner 16y ago
  Ironically, I also wrote a post on this exact subject a few months ago: http://ryanwaggoner.com/2010/08/how-to-retire-at-30-on-1-million/ http://ryanwaggoner.com/2010/08/how-to-retire-at-30-on-1-mil... I was really responding to the claim that you can't retire on $1m in that post, whereas the post I wrote today is more about the idea that you might not need to "retire" at all...
• maqr 16y ago
  That sounds much more reasonable. I appreciate what the author is saying, but his thesis isn't really well supported: > Here’s the reality: if you’re not the type of person who can create freedom without a million dollars, you probably aren’t the kind of person who will get a million dollars. ... What? I'd be willing to guess that most people with a million dollars (which isn't really all that much money these days) probably have not put money second and freedom first. I know plenty of doctors and lawyers that are worth as much and work very hard. I don't know anyone who travels around free-spiritedly and is amassing large sums of money.