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If you save a high enough percentage of your take-home income, the article actually argues that you could be done in 7-10 years starting from scratch, which sou
by jrheard 14y ago
If you save a high enough percentage of your take-home income, the article actually argues that you could be done in 7-10 years starting from scratch, which sounds a lot more doable to me than the 30 years you're expecting.
- smackfu 14y agoThe problem with the extremes of this logic is that if you scrimp and save and live poor to get to that 75% savings rate... you still have to live poor for the rest of your life on that 25% of your take home.
- danielweber 14y agoYou can raise your lifestyle over time. Given the hedonic treadmill, you are more likely to feel happiness from any increase in your standard of living, but you reset to your prior level of happiness. So make your bumps in standard of living as small as possible.
- gte910h 14y agoNope. 10 years later you can go screw it all, and still have 35k in passive income a year and a huge nest egg. You're also probably think 35k in an expensive place, where he lives in a random suburb of boulder I think.
- hudibras 14y agoAnd never have to work another day in your life, don't forget.