The Money Mustache Community
Around the Internet => Mustachianism Around the Web => Topic started by: amha on June 12, 2015, 11:20:42 AM
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The Billfold, the usually-pessimistic personal-finance-for-millennials website, finally posts an optimistic article:
The math says I’ll be able to quit for good shortly after I turn 40, about fourteen years from now.
Let’s talk numbers. I’ve 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/ (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.)
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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.
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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 :)