Author Topic: Retired by 25 and Profiled here on the SoMoney Show with Farnoosh Torabi  (Read 2248 times)

tmoneyearlyretiree

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Super excited to appear here, even though others that have been on the show like MMM are more accomplished in the early retirement and personal finance world. Feedback always makes me better so let me know if you have any, from content to presentation to the way I spoke.

http://podcast.farnoosh.tv/2015/08/travis-hornsby/

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In our conversation I ask Travis:

    How much money do you need to save by 25 to feel as though you can retire? And what do you mean exactly by retire?
    How does he plan to spend the rest of his life?
    How can the rest of us follow suit? He’s got some unique advice.
so... about those questions? :D

since the rest of the link is pandering the author's books...

I don't mind people saying they retire early but I have the same issue that I have with millennials traveling the world in their 20s... IE they are picking cheap places because they can't afford otherwise. Nothing against it, but when I want to retire, I want to do so in a fashion that I can do it anywhere in the world, NYC/Hong Kong or the middle of the Midwest or cheap Asian places. So I'll aim for retirement in my 40-50s.

if you've somehow managed to retire in the middle of NYC on a low budget, I'm all ears.

edit:  I take back my old criticism, seems like he outlined it pretty well http://millennialmoola.com/2015/06/22/how-to-retire-in-your-20s/
going by that I guess I could be "retired" too... Got about that much invested already (was aiming for $1-2 million...). If I worked 3-4 months as a contract traveller, I could cover the rest of the year too I guess, but I like my job still. but I don't consider part time working income as "retirement" more so than just cheap living. IE, how the old ski resort workers would work at the lodges then ski in their free time. They enjoy that life, I don't.

edit: plus I'll be collecting on SS, annuity in birth country, and a pension too :? I should probably work long enough to make it worth while to the country to support me.
« Last Edit: August 31, 2015, 01:57:26 PM by eyem »

tmoneyearlyretiree

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That's fair. Yeah the book pandering probably isnt worth it. It's really hard to get a book to move up the charts I probably should give it away for free but I signed up for the Kindle Select program so have to wait 90 days.

I've found the cheaper places to be more pleasant but that's just me. I went to all the countries in Scandinavia as well but I didn't have as good of a time. Ukraine has been my favorite, where you can live at a ridiculous standard of living for $10 a day.

It's definitely not for everyone. Heck, if I want kids and a family one day I might not be able to make it work unless my wife is really open minded, but you don't know until you try.