Author Topic: article: How to Retire in Your 30s With $1 Million in the Bank  (Read 2681 times)


inline five

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Re: article: How to Retire in Your 30s With $1 Million in the Bank
« Reply #1 on: September 05, 2018, 06:28:30 PM »
They did a nice job on that one.

The stock market has helped a tremendous amount. Most of the people hitting FIRE now started investing in earnest right around the crash.

Keep in mind there have been decades of flat or negative total return in past history. I wonder what effect that sort of performance will have on these folks cashing out now.
« Last Edit: September 05, 2018, 06:33:53 PM by inline five »

TheAnonOne

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Re: article: How to Retire in Your 30s With $1 Million in the Bank
« Reply #2 on: September 06, 2018, 11:16:09 AM »
They did a nice job on that one.

The stock market has helped a tremendous amount. Most of the people hitting FIRE now started investing in earnest right around the crash.

Keep in mind there have been decades of flat or negative total return in past history. I wonder what effect that sort of performance will have on these folks cashing out now.

Yeah, I kinda feel good that I am only 50-60% of the way there. That being said, this train of thought is basically a cute version of market timing so I try not to let my mind go there.

Bucksandreds

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Re: article: How to Retire in Your 30s With $1 Million in the Bank
« Reply #3 on: September 06, 2018, 11:49:10 AM »
They did a nice job on that one.

The stock market has helped a tremendous amount. Most of the people hitting FIRE now started investing in earnest right around the crash.

Keep in mind there have been decades of flat or negative total return in past history. I wonder what effect that sort of performance will have on these folks cashing out now.

Yeah, I would say having a side hustle or shifting to part time work is the smarter move. The FI part is much surer that way. I'll be going from 40 to 16-24 hours in the next 5-6 years and I'll probably do that for 20 years but knowing that I could work 0 and still make it, if I had to.

Dicey

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Re: article: How to Retire in Your 30s With $1 Million in the Bank
« Reply #4 on: September 06, 2018, 04:53:21 PM »
Saw it. Thought it was reasonably good, but was too lazy to post it. Figured someone would. Good on you, swampwiz!