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Only if you learn to permanently live as a miser. You might have acquired the skill by necessity, but it takes a strong will to keep it up once you have income
by koolba 6y ago
Only if you learn to permanently live as a miser. You might have acquired the skill by necessity, but it takes a strong will to keep it up once you have income flowing.
The basic math of it would be to earn X, and live off of X/5 (both after taxes). After 10 years you’ll have 40+ years of income accumulated. There’s some additional complexities with health care, but the core plan is to earn, not spend a dime, and get used to it.
- napolux 6y agoThis comment should be on top. Most of the FIRE people I know have most of their basic necessities paid by the company they work for (house, car, phone, etc...) That's the easy way to do it.
- ApolloRising 6y agoWhat type of company pays for the house other than the military?
- firstfewshells 6y ago"Paid by the company they work for" probably means people pay off their mortgage, car loan etc. via the salary that their company pays them.
- stouset 6y agoIsn't that literally just "a job"?