Posted on 07/24/2022 7:35:23 PM PDT by HereInTheHeartland
"I will remember December 23, 2016 for the rest of my life. It was my last day working a full-time job.
My wife and I retired early at 33 and 35, respectively, after accumulating $870,000 working in information technology. With the help of the market, our net worth increased to $1 million shortly after."
(Excerpt) Read more at cnbc.com ...
I do not chase jump every rabbit-hole link
that I come across on the interwebs.
Poor folk may not like hearing about
how the rich folk got richer.
You should praise GOD that you are doing so well.
His big secret-no kids. Didn’t see them in the article. Bars-you gotta spendtimewith your friends. $70 is a bit too much.
That couple are called DINK’s…Dual Income No Kids.
“Poor folk may not like hearing about
how the rich folk got richer.“
No offense, but get off your ass and follow some of the advice in the article .
This is the greatest nation on the earth on the earth with more opportunity than any place ever in history.
Yes I get it, sometimes people get handed a bad hand of cards.
But that doesn’t mean they sit and complain about people who had it better than they do.
Being negative and resentful is never a good direction in life to choose.
Well there will always be challenges and excuses not to save. Pay yourself (save for retirement) first.
“...get off your ass and follow some of the advice in the article...”
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I am 71 years old and disabled.
What advice do you expect “my ass” to follow?
Give me a clue...
You are an absolute jerk.
I don’t need millions of dollars. As long as I have money for food and a roof over my head, I’m happy.
The answer is, of course, “it depends” but I can say from personal experience his tips are sound and worked for me as well.
Some people scoff at statements like buliding a home gym for 10K. Others - the smart ones who will end up with a comfortable life like this guy has - will instead say “tell me more about how I too can build a home gym for 10K”
Winners and Losers.
I agree. If I were 35 today, no way would I feel secure retiring with a million bucks. Of course, the implication is that the guy would still take some part time work, and I suspect it wouldn’t be cheap.
“I am 71 years old and disabled.
What advice do you expect “my ass” to follow?“
So why do you have to be a jerk when good advice is posted ?
Are you not in favor of people working hard and saving money?
Why did you have to enter the conversation and be combative?
I will guarantee you that people who do have means, are doing things around you, to help you have a better life.
“...Why did you have to enter the conversation and be combative?...”
-
https://freerepublic.com/focus/chat/4080767/posts?page=26#2
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I simply asked you what “the 13 simple rules” were.
You descended that question into chaos.
And, you are still a jerk.
300 lbs of free weights, olympic bar, curl bar, and dum bells $150
Elliptical - Free (any idea how many people will pay you to get them out of their house?)
Stationary bike $250
Dip rack $100
Just like his savings plan, you don't have to pay retail.
Guess it all depends upon your lifestyle, and spending habits.
With home(s) and vehicles paid for, no outstanding bills, a person can live quite nicely on the returns from $1M invested.
Controlling one’s spending is the key.
Neither he nor his wife are over 50.
So their 401(k)s maxxed out at $36k/yr.
Add the 4% company match -- and hell, assume each of them was making $120,000 and they got the full match. Add $5k/yr.
That's $41k/yr.
At that rate it takes 25 years to get to a million (depending on market fluctuations).
Yes you should max out the 401(k).
But good look growing it under Biden & Stagflation.
Oh, btw.
If he's 35, he has (say) 40 years to make that million last.
Works out to 1,000,000/40 = 25,000 spending money.
Hope he never has any kids or unexpected medical bills.
(Yeah, I read his losing 70 lbs. BFD.)
I don’t know if anyone else has said it but:
It is unseemly and perverse to retire that young. I don’t care HOW one did it.
Just an opinion (and I may be wrong).
“It is unseemly and perverse to retire that young. I don’t care HOW one did it.“
I think that as well .
But his business how he spends his time .
Hopefully something productive .
I don’t think he had enough saved up.
But the article had had good points about being forward focused and saving is why I liked it.
But yes some things I think were unspoken in it.
What is this...reele life you speak of?
A new Orvis fly rod?
“A new Orvis fly rod? “
I don’t fish, but it looks a great thing to do!
Love seeing the fly fishers in the mountain streams .
I want to try that once
Folks on this site don’t like to go to communist company websites like cnbc. They do not even want to give them one click which would help their ad revenue.
What the hell is with the clickbait on Free Republic tonight? Find out here....
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