7 ms·

Meh. To have a little life you have to compete for a good job so you have a good pay. The author frames it as if you can just semi-retire and still have $200K

Meh. To have a little life you have to compete for a good job so you have a good pay. The author frames it as if you can just semi-retire and still have $200K a year which is observably and factually absolutely not true. Like the tired Hollywood trope of "I am done working hard, let's just go live at this beach-front property and work whenever we like and oh, by the way, money is not a problem ever and how the frak did we buy this beach-front property again?". Like the old Angelina Jolie movie: "Life or Something Like It" (2002). Glad that the author has such a privileged life but most of us have arrived at this "wisdom" by 25 year old at the most and the depressing conclusion is that you have to keep grinding just to have this "little life". Because if you stop or even slow down, it's mostly homeless life that's awaiting you, not a little one.

the_gastropod 2y ago
Lol. This cynical attitude cracks me up so much. I lived in NYC for over 10 years. I never in my life made anywhere near $200k. I just retired this year at the ripe old age of 38. How? By following this apparently obvious "wisdom" of living simply, within my means, for ~15 years, and saving the excess. No trust funds, no Bitcoin-esque investment wins. Just saving money in boring index funds over 15 years, and living within my means.
- pdimitar 2y ago
  How much did you make per year? How many jobs did you have? How many jobs did you hop?
  - the_gastropod 2y ago
    In my most recent job, I earned $160k. During my ~15 year software development career, I worked for a total of 4 companies, none overlapping, none that required more than 40 hours per week. I saved ~60% of my take-home pay every year, and invested it in a 60/40 mix of VTSAX / VTIAX. I'm married, and my wife made $8,000 last year. I had to save enough to cover our collective expenses, otherwise this timeline would've been even faster! If you're unfamiliar, this is an excellent introduction to this concept: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si... It's extremely simple. It's boring. It's slow (but much faster than the alternative!). And it works.
    - 4iuvosvjf23 2y ago
      No kids right?
      - the_gastropod 2y ago
        Everyone's circumstances are different. There are plenty of early retirees with similar backgrounds to my own that have kids (Mr. Money Mustache himself has a kid, for example, and retired at 30!) We currently have no kids. But I find the "kids are expensive!" thing is usually pretty overblown / not very creative about solving any problems. Kid spending is similar to the emotional and socialized high-spending expectations that plague the wedding industry. If one applies the same creative simple living strategies outlined in this article, there's no reason kids should increase one's expenses _that_ much. Saving up an extra $100k per kid is probably more than enough, and wouldn't delay an early retirement by more than ~6 months to a year in most cases.
    - pdimitar 2y ago
      I never made even $100k a year. Locality matters a lot. Privileged people being blind to their privilege. Nothing new. My original point still stands then. Keep finding stuff hilarious I guess, though.
      - the_gastropod 2y ago
        I agree! Making > $100k is an absolute privilege. I am privileged as all hell finding myself interested in and decent enough at computer programming at a point in time where it was a relatively lucrative field to be in. That's serious luck! But if you're making < $100k and suggesting you need $200k in passive income to go to a farmer's market, cook pasta for dinner, read library books, grow some plants, and drink the occasional wine? That doesn't inspire confidence that you have a great understanding of the value of a dollar.
        pdimitar 2y ago
        Good thing I don't do any of those things. I'd like to draw your attention to the fact that you came here to be snarky and tear down a straw man... one that doesn't exist. I'm not going to bore you with my life story. But it has been an extremely bumpy ride and it's still not going well. Make what that info what you like. You'll probably say it's all my fault and I deserve it.

the_gastropod 2y ago

Lol. This cynical attitude cracks me up so much. I lived in NYC for over 10 years. I never in my life made anywhere near $200k. I just retired this year at the ripe old age of 38. How? By following this apparently obvious "wisdom" of living simply, within my means, for ~15 years, and saving the excess. No trust funds, no Bitcoin-esque investment wins. Just saving money in boring index funds over 15 years, and living within my means.

pdimitar 2y ago
How much did you make per year? How many jobs did you have? How many jobs did you hop?
- the_gastropod 2y ago
  In my most recent job, I earned $160k. During my ~15 year software development career, I worked for a total of 4 companies, none overlapping, none that required more than 40 hours per week. I saved ~60% of my take-home pay every year, and invested it in a 60/40 mix of VTSAX / VTIAX. I'm married, and my wife made $8,000 last year. I had to save enough to cover our collective expenses, otherwise this timeline would've been even faster! If you're unfamiliar, this is an excellent introduction to this concept: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si... It's extremely simple. It's boring. It's slow (but much faster than the alternative!). And it works.
  - 4iuvosvjf23 2y ago
    No kids right?
    - the_gastropod 2y ago
      Everyone's circumstances are different. There are plenty of early retirees with similar backgrounds to my own that have kids (Mr. Money Mustache himself has a kid, for example, and retired at 30!) We currently have no kids. But I find the "kids are expensive!" thing is usually pretty overblown / not very creative about solving any problems. Kid spending is similar to the emotional and socialized high-spending expectations that plague the wedding industry. If one applies the same creative simple living strategies outlined in this article, there's no reason kids should increase one's expenses _that_ much. Saving up an extra $100k per kid is probably more than enough, and wouldn't delay an early retirement by more than ~6 months to a year in most cases.
  - pdimitar 2y ago
    I never made even $100k a year. Locality matters a lot. Privileged people being blind to their privilege. Nothing new. My original point still stands then. Keep finding stuff hilarious I guess, though.
    - the_gastropod 2y ago
      I agree! Making > $100k is an absolute privilege. I am privileged as all hell finding myself interested in and decent enough at computer programming at a point in time where it was a relatively lucrative field to be in. That's serious luck! But if you're making < $100k and suggesting you need $200k in passive income to go to a farmer's market, cook pasta for dinner, read library books, grow some plants, and drink the occasional wine? That doesn't inspire confidence that you have a great understanding of the value of a dollar.
      - pdimitar 2y ago
        Good thing I don't do any of those things. I'd like to draw your attention to the fact that you came here to be snarky and tear down a straw man... one that doesn't exist. I'm not going to bore you with my life story. But it has been an extremely bumpy ride and it's still not going well. Make what that info what you like. You'll probably say it's all my fault and I deserve it.