grenzbegriff

6 ms·

1. 1.▲
   by grenzbegriff 11y ago

   Life could go anywhere -- this is just my current plan. It has been my plan since I started working 2.5 years ago, but it may change. If I meet someone, who knows. :) But I am happy already, while I'm single and don't own a hous
2. 2.▲
   by grenzbegriff 11y ago

   Jach's reply explains some of the logic. Basically if you can live on $X per year, then once you have $X * 25 invested, you can most likely live on the interest from that investment for the rest of your life without using it up. Here&
3. 3.▲
   by grenzbegriff 11y ago

   It's enough for me to live the way I live right now, indefinitely. I currently live in silicon valley paying very high rent ($1100/mo). If I didn't want to work I could live somewhere a lot cheaper. "Retirement" m
4. 4.▲
   by grenzbegriff 11y ago

   I put almost all of my savings into total stock market index funds. I use Vanguard so the expense ratio is 0.05%. Dividends are automatically reinvested so I don't have to worry about that -- from my perspective dividends look no dif
5. 5.▲
   by grenzbegriff 11y ago

   I expect to have $500k by 27. No, I don't have a house, I split an apartment with a roommate close to work so I have a very short commute.
6. 6.▲
   by grenzbegriff 11y ago

   I'm happy for you! Having the option of retiring at 35, and being happy in the time until then, is a sweet deal. :)
7. 7.▲
   by grenzbegriff 11y ago

   Yes just index funds, making about $200k/year pretax if I count salary+stock+bonus+401k match. I'll admit, not everyone makes $200k this early. But most people could be financially independent much sooner than they think if they
8. 8.▲
   by grenzbegriff 11y ago

   Thanks :) 43 still gives you about 20 more years than most people to do something other than earning money to spend! Imagine what you'll get to do with that kind of time. I love hearing from other people who have a similar plan. And o
9. 9.▲
   by grenzbegriff 11y ago

   I think about the same things and ask the same question. My current plan is to save most of my money so I can reach financial independence very early. I'm 25 now, I'll be financially independent by 27, meaning I'll have enou