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If you haven't yet, I'd recommend to check out the FIRE movement (Financial Independence, Retire Early). You probably need much less than 8-10 million to exist
by mrccc 4y ago
If you haven't yet, I'd recommend to check out the FIRE movement (Financial Independence, Retire Early). You probably need much less than 8-10 million to exist and pursue your interests indefinitely. I'd recommend the blog by Mr. Money Mustache as a good entry-point.
- agentwiggles 4y agoYeah, I'm a fan of the ethos, although pretty far behind on the implementation. One article I really like from that blog is this one: https://www.mrmoneymustache.com/2015/08/19/urban-tribe/ https://www.mrmoneymustache.com/2015/08/19/urban-tribe/ It's more than a little bit counter to the idea of "fucking off from society to the woods", though. Still, a man can dream of total independence :)
- agentwiggles 4y agoAlso, re: the amount of money - you're absolutely right. 5m at the 4% safe withdrawal rate is 200k a year which would be way more than enough. I'll start the bidding at 2.5m for those aformementioned tech billionaires (what a steal! this deal won't last! act fast!)