Author Topic: The Billfold: How To Retire Early Without Being A Millionaire  (Read 2742 times)

amha

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The Billfold, the usually-pessimistic personal-finance-for-millennials website, finally posts an optimistic article:

Quote
The math says Iíll be able to quit for good shortly after I turn 40, about fourteen years from now.

Letís talk numbers. Iíve had the same entry-level job since I graduated college four years ago and got onto the early retirement track almost exactly halfway into that. Out of my roughly $30k take-home pay, I managed to stash away $9,000 across my first two years. Over the second two, I managed to ramp that up to $26,000.

http://thebillfold.com/2015/06/how-to-retire-early-without-being-a-millionaire/

(Sadly, the comments are all reasons why this will never work... oh well.)

slugline

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Re: The Billfold: How To Retire Early Without Being A Millionaire
« Reply #1 on: June 12, 2015, 01:02:57 PM »
As I just finished reading it, the comments are quite balanced.

14 years is a long time to continue to execute on a plan, but I think being a saver puts you in a better position to handle various life shocks that threaten your path anyway.

amha

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Re: The Billfold: How To Retire Early Without Being A Millionaire
« Reply #2 on: June 12, 2015, 02:53:38 PM »
As I just finished reading it, the comments are quite balanced.

Yeah! When I posted that there were just the one or two negative ones. I'm glad that a lot of people there are more supportive :)