Author Topic: How to Save 50%?  (Read 53072 times)

arebelspy

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Re: How to Save 50%?
« Reply #150 on: July 08, 2013, 12:12:17 PM »
Hey all--

Update: We'll be saving 61% of our net income. I am excited!!

If we can still swing the extra money I've been putting aside, that will go up to 64%. It is a tiny bit tight when I add in the extra 3%, but I am going to see if we can do it.

I am VERY happy.

Dynamite!  Well done.
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Done by Forty

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Re: How to Save 50%?
« Reply #151 on: July 08, 2013, 02:24:18 PM »
Big congratulations!  It's a short trip to FI with those kind of numbers.

Dynasty

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Re: How to Save 50%?
« Reply #152 on: July 08, 2013, 04:08:34 PM »
No. Not complaining. Pointing out my particular scenario.

Ok, just be aware that your lack of returns is not due to the market, it's due to your lack of investing in that market.

Coincidentally, I started investing right near when you did, 15 years ago, July 2nd 1998. Unlike you, I added to my stash on a monthly basis over that entire time, and never spent any time "heavy in cash".


On top of that, I technically hit FI a year or so ago, so I'd say the "shockingly simple math" is about the exact opposite of a gimmick.

Weird. I really don't ever recall saying I never contributed to my cash on a monthly basis. Geez, gonna have to go back and check my records to insure I didn't miss out on any of that DCA magic...

Retiring this year?

oldtoyota

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Re: How to Save 50%?
« Reply #153 on: July 09, 2013, 11:36:30 AM »
Hey all--

Update: We'll be saving 61% of our net income. I am excited!!

If we can still swing the extra money I've been putting aside, that will go up to 64%. It is a tiny bit tight when I add in the extra 3%, but I am going to see if we can do it.

I am VERY happy.

Dynamite!  Well done.

Thanks!