Author Topic: (Ask) Hacker News: How have you achieved financial independence?  (Read 2506 times)

neo von retorch

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https://news.ycombinator.com/item?id=12274094

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have you reached a point where you have enough passive income to not to have to work for a living? If so how did you accomplish it?

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Step #1. Reduce my expenditures below what most people consider reasonable. I lived for more than 5 years on less than $10K a year. It was much easier than I thought. I discovered that spending more than this amount of money, I was no happier. Who knew?

Many of the answers are about amassing fortunes or passive income, though.

marty998

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Re: (Ask) Hacker News: How have you achieved financial independence?
« Reply #1 on: August 12, 2016, 05:54:30 PM »
https://news.ycombinator.com/item?id=12274094

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have you reached a point where you have enough passive income to not to have to work for a living? If so how did you accomplish it?

Quote
Step #1. Reduce my expenditures below what most people consider reasonable. I lived for more than 5 years on less than $10K a year. It was much easier than I thought. I discovered that spending more than this amount of money, I was no happier. Who knew?

Many of the answers are about amassing fortunes or passive income, though.

I take it that's because passive income has the capacity to grow much faster than employment income for the vast majority of people?

 

Wow, a phone plan for fifteen bucks!