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On a related note for all the financially independent people I see posting here, how did you get enough money to just peace out? Was it just the tried-and-true
by claudiulodro 6y ago
On a related note for all the financially independent people I see posting here, how did you get enough money to just peace out? Was it just the tried-and-true strategy of work at FAANG for like 10 years?
- ghaff 6y agoIt really depends what age people are--as well as family etc. I do know people who have either done the FAANG thing, the investment bank thing, or beat the odds and won the startup lottery thing who have retired genuinely early because they weren't doing what they actually wanted to be doing--which could include traveling and kicking back. But retiring 5-10 years earlier than the norm doesn't require much more than having had a string of reasonably well-paying jobs, being sensible with money, and being fortunate enough to avoid financial disasters.
- firethrow 6y agoI'm in my early 30s and never had more than a 100k income. We save 100% of my wife's income (~60-70k) and I also fully do a roth (6k) and my 401k match (4k). We currently have around 1.5m saved. We also live in a low cost of living area and have no kids. The house will be paid off and we'll have a bit over 3m saved by the time we're in our early 40s.