3 ms·
It could also be a fast track to the financial freedom. Work for 10 years receiving an SF salary living in a low COL area, save agressively and invest in low-co
by ivanche 6y ago
It could also be a fast track to the financial freedom. Work for 10 years receiving an SF salary living in a low COL area, save agressively and invest in low-cost broad-market ETFs. One should be pretty well financially doing this.
- nly 6y agow.r.t investing: If you're on a good income you are actually incentivized to do so in some countries. In the UK every pound you earn between $140K and $170K USD is effectively taxed at 65%. Investing via contributions in to a pension is tax free. 100% gross salary. Even if the market goes nowhere for 30 years that's 3.5% annualized return. You pay tax when you take your pension of course, but by that point its on your terms.