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1) $250K is only 1,33 times his last gross salary of $188K so that would make him a dramatic undersaver at this age. 2) Assuming he owned his apartment you can
by peterjancelis 13y ago
1) $250K is only 1,33 times his last gross salary of $188K so that would make him a dramatic undersaver at this age.
2) Assuming he owned his apartment you can go Mr. Money Mustache on $20K dividends a year. If he owned a house he could downgrade as well.
3) There are people sailing around the world on a budget of $2000 per month. Just dividends from his severance and renting out his house (assuming he owned only that) would get him there.
I can totally understand the shock of seeing reality turn out drastically different than his expectations but once you get near the ~500K net worth figure, it becomes possible to cover necessities indefinitely.
- stevewilhelm 13y ago"There are people sailing around the world on a budget of $2000 per month" Those people probably don't have reasonable health insurance.
- peterjancelis 13y agoPrivate health insurance with global ex-US coverage is quite affordable. $2000 per month puts you well into the upper class in the majority of countries. Those people have good health care, why shouldn't an American who goes to those same places.