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I must have missed all those stories of people saving for decades to leave fortunes behind. Taking financial guidance as a middle class wage earner from a trus
by MisterBastahrd 7y ago
I must have missed all those stories of people saving for decades to leave fortunes behind.
Taking financial guidance as a middle class wage earner from a trust fund baby is probably also a bad idea.
- icedchai 7y agoCheckout out the financialindependence subreddit. You will find plenty of average folks with 7 figures in savings and investments: https://www.reddit.com/r/financialindependence/ https://www.reddit.com/r/financialindependence/
- StavrosK 7y agoYeah but what of it? If you're 35 and live frugally ($3k/mo) you still need more than $1.3m to never work again, and that assumes you don't live longer than average.
- icedchai 7y agoThat is definitely achievable by someone working in the software industry. Perhaps not by 35, but certainly by 45 or 50, which is still very early retirement.
- tokai 7y agoSome guy called David Bach apparently made a whole self-help carrier on the latte thing. https://www.thelattefactor.com/ https://www.thelattefactor.com/