4 ms·
MMM gets so much right it's not even funny. I question some aspects of his plan--my time discount is higher than his, so I think it makes more sense to save up
by scarmig 14y ago
MMM gets so much right it's not even funny. I question some aspects of his plan--my time discount is higher than his, so I think it makes more sense to save up less and transition to part time labor more quickly, which is what he did de facto anyway except with a couple extra years of unnecessary shitty corporate work.
The guy in this article talks about how to safely retire you must have saved up eleven times your annual income. Which is wrong: the key value is about thirty times your annual consumption if you want to transition to full time retirement (with no market labor involved). And if you add in maybe $10k of market labor a year, that amount of required savings drops very sharply. $20k, and hell, you're probably able to increase your nest egg if you watch your consumption at all.