11–20 of 51 posts
I have a desire to be free. I'm working towards never having to look at a fucking computer again. Hopefully by the time I'm 30, I'll have enough to do only need to work about three months year. The rest of the time I'm going to be surfing or rock climbing.
Financial independence (in the "work becomes a choice" sense -- not necessarily after idleness...) is a pretty attractive prospect. Beyond that point, money has rapidly-diminishing returns for me.
Too bad that hedonic adaptation [0] exists. The longer we live, the more we become addicted to expensive comforts. [0] https://en.wikipedia.org/wiki/Hedonic_treadmill
https://www.marketwatch.com/story/you-can-retire-early-witho...
I have a desire to be free. I'm working towards never having to look at a fucking computer again. Hopefully by the time I'm 30, I'll have enough to do only need to work about three months year. The rest of the time I'm going to be surfing or rock climbing.
BTW: how are you going to earn enough in 3 months / year if you are never going to look at a computer again? I can't think of any endeavour where some for of IT isn't in use.
For me, it's not about stopping work. I generally love the things I do, the projects and concepts I develop in my spare time. For me, that's not working, it's a passion.
My second number is all about that, it's about being able to buy the ability to do what ever the fuck I want. Ideally I want a nice plot of land in a relatively remote area with some workshops and enough in the bank where I don't have to worry about bills and I can fund whatever project takes my interest.
What amount will make you satisfied? 1 billion dollars net, in my bank account.
Possibly of interest: https://www.marketwatch.com/story/you-can-retire-early-witho...
If I want to live how I live now, I'll probably need to put about $3k aside into retirement each month to retire when I'm around 65!
I find this insane because I'm quite young. The $3k/mo is probably a good number to split between my IRA and brokerage account - but I don't consider my brokerage account to be strictly retirement.
More of "general investing" that I can use, if I need to or decide to, invest in something else in the future... not sure what, but I do not consider it like the IRA in the sense that I will absolutely never touch it (outside rebalancing as I get older).
Anyway... I know of quite a few people who live on 20-30k/yr (with a GOOD backup for emergencies!) sailing the world. Does that not sound fun?!
After you buy the boat!
Earlier quoted context omitted.
Too bad that hedonic adaptation [0] exists. The longer we live, the more we become addicted to expensive comforts. [0] https://en.wikipedia.org/wiki/Hedonic_treadmill
This isn't inevitable. People do quit high-paying jobs to do something else. Early retirement happens.
For more info about this lifestyle, see this website: http://earlyretirementextreme.com
I have a number, well 2. The first being a stepping stone, a marker to reach, the point where I can step back for a year, re-evaluate and consider if I want to shoot for the next target. Neither of the numbers are high, the first with some savy investments I could make last the rest of my life but I'm a relatively simple guy, I could live on ~12k a year easily. That includes rent, bills, food, clothes etc. For me, it…
I have a number, well 2. The first being a stepping stone, a marker to reach, the point where I can step back for a year, re-evaluate and consider if I want to shoot for the next target. Neither of the numbers are high, the first with some savy investments I could make last the rest of my life but I'm a relatively simple guy, I could live on ~12k a year easily. That includes rent, bills, food, clothes etc. For me, it…
Yep, I have the same goal. If/when I manage to get to $600k (~12k p/year assuming 2% yield) I'll take 3 months totally off work of any kind, just recuperating, then another 3 months to plan out the rest of my life.