Is he vaxxed? You can’t take it with you.
Life has a way of eating through a persons financial plans.
A couple medical emergencies can do it. So can losing a good paying job and not being able to land another.
You have to spend money to make money.
$25k/year is NOT enough to retire on.
He’ll need about twice that amount
Far too early to retire on that amount of money.
Good for them - so long as they don’t live out the rest of their lives after age 35 that way.
Good luck living on $25K A year, especially with Bidenflation running over 8% A year.
Don’t give up your day job.
$135K top 1%???!!!
Lol.... Yeah maybe in the back hills of Appalachia Or down deep in the blackwater Bayou somewhere
Pet budget??? LOL
My Dad always worse Timex watches despite being able to afford much nicer...he always drove Oldsmobiles despite being able to afford much better.
I can’t imagine retiring at 35. There are too many years of the unknown to plan effectively. You need to be filthy rich to remove doubts. What happens when you need a job at age 50 and you have no work experience for 15 years?
Its good to watch what you spend and live within your means, but the whole idea of living as though you were poverty stricken....so that you can stop working early and as though you are poverty stricken for the rest of your life....I don’t get it.
Why not just be reasonable in what you spend and keep working? I don’t view work as a necessary evil. I actually like working. I like accomplishing things and staying busy. Oh yeah, I also like making money and actually enjoying my life.
He probably should save about 1.2 million for retirement.
I worked with a guy that would make this guy look like a piker.
He started out as a rookie cop at $733/month 40 years ago. Every raise he got went right towards savings. He retired as a police Sargent 35 years later but he still saved everything over that original $733.
He then went to work for the same city as a code enforcement officer making $60K/year.
All of that was invested as well. During his second career the city manager determined that at the current budget expenditure rate, it would end up $3 million in the hole.
He walked into the manager’s office and offered to loan the city $3 million at 5% interest. The city manager laughed at him. So he came to me and told me about it because he couldn’t figure out why he was laughed at.
I would talk to him often that at some point he needed to enjoy life. But this guy was totally addicted to saving and making money. He just wouldn’t spend a dime. It was pretty sad.
Good thing they are well matched there.
I guess it’s OK. Not the lifestyle I would choose.
All things in moderation. Including moderation.
I have a son who lets money burn a hole in his pocket and a daughter who saves everything she can.
She doesn’t deny herself and live at poverty level, but doesn’t waste money either and she is saving a LOT of money and doesn’t even earn at this guy’s level.
I lean far more to the frugal side. We don’t eat out much. I can cook well enough and I know what’s in my food that way. I hang out my laundry and it’s impressive how much money one can save by not running a dryer.
I found an older model microwave at a thrift store one day for $8. Works great and is the older technology that is less likely to catch on fire and is more reliable.
Yes, it does take some effort, but planning and being aware of opportunities plays a big role in it as well.
Doesn’t seem like being a software engineer would be a job that you HATE each and every day, and it clearly isn’t the sort of job that wrecks you physically. So they deny themselves the fun and pleasures of life on this obsession with retiring at 35; then what? Watch Netflix for 40 years? He’d be smarter to find a job that provides the kind of satisfaction that he’d actually want to do - past 35, which is really, really young to hang it up.
that isn’t even CLOSE to what someone would need to retire, much less retire early.
Making a good living and taking advantage of a program clearly designed to help those far less fortunate than his family, is pretty selfishly low-class.