4 ms·
regarding savings rate, i do believe it is the only thing that matters, not how much you make, when it comes to obtaining financial freedom. sure there are ext
by iamjdg 11y ago
regarding savings rate, i do believe it is the only thing that matters, not how much you make, when it comes to obtaining financial freedom.
sure there are extremes, one should be making a multiple above the poverty line. but if you assume this is the case, then how much you make can either be translated into earlier financial freedom through an increased savings rate or "nicer things".
here is an ouput of my simple retirement calculator:
https://drive.google.com/file/d/0B8k8RO7VeaIbc0JlUExLZmktSkE/view?usp=sharing https://drive.google.com/file/d/0B8k8RO7VeaIbc0JlUExLZmktSkE...
- mistermann 11y agoI agree, but this normally correct theory is less valid in societies that have simultaneously decided that median housing costs should be be 3,40,50%+ of the median salary. Sorry, just a little bitter that I lived below my means and actually saved, unlike those who stretched dangerously to buy as much house as possible, and essentially won the lottery in the process.