Author Topic: CNNMoney article on ER  (Read 1599 times)

Zoot

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CNNMoney article on ER
« on: July 14, 2015, 09:15:26 AM »
http://money.cnn.com/2015/07/14/retirement/how-to-retire-early/index.html?iid=hp-stack-dom

Not a bad article, all things considered; the pile-on is already beginning in the comments, of course.  :)

luna

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Re: CNNMoney article on ER
« Reply #1 on: July 14, 2015, 09:26:57 AM »
Without reading the comments this is a well to be couple with high income: "He saved at least 25% of his income, putting away as much as $50,000 annually in a good year."

That's $200k of income right there.

Not your average American exactly.

On the other hand I have colleagues who claim "you barely cover expenses at $200k in this city and I can't imagine having children" and that's just plain silly.

This particular couple could probably have retired even earlier had they been mustachian for real... $2m is crazy money for most people at this forum.

forummm

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Re: CNNMoney article on ER
« Reply #2 on: July 14, 2015, 03:19:44 PM »
It took them 30 years to save $2 million. And the market was great during a lot of that time. That's not such an accomplishment around these parts.

EricP

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Re: CNNMoney article on ER
« Reply #3 on: July 14, 2015, 03:43:05 PM »
It's good to see people promoting higher than 15% rates.  Correct, it isn't MMM levels of saving, but still doing better than the average.

Mississippi Mudstache

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Re: CNNMoney article on ER
« Reply #4 on: July 15, 2015, 09:47:25 AM »
Without reading the comments this is a well to be couple with high income: "He saved at least 25% of his income, putting away as much as $50,000 annually in a good year."

That's $200k of income right there.

Not necessarily. If we assume that "He saved at least 25% of his income" means that that's how much he saved in his worst year, and "as much as $50,000 annually in a good year" was the best that he did, then he could have easily had only $100,000 in income, saving between 25% and 50% from year to year, and still fall within the estimated parameters.
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