Earlier quoted context omitted.
I think about the same things and ask the same question. My current plan is to save most of my money so I can reach financial independence very early. I'm 25 now, I'll be financially independent by 27, meaning I'll have enough money invested to live indefinitely on interest/dividends. My total expenses/spending is $25k/year and I'm sure I can keep them there if I want to. Most people who start making a silicon valley…
Congratulations! I spent my 20s having spotty, unpredictable employment and chasing large personal projects that never paid off, so I'm looking at financial independence around 43 instead. ($55,000/year of dividend income, ignoring capital gains; this will be after the 15% tax on dividends.) I wish I'd taken this possibility seriously at an earlier point in my life; I commend you for doing that, and I hope you find g…
43 still gives you about 20 more years than most people to do something other than earning money to spend! Imagine what you'll get to do with that kind of time.
I love hearing from other people who have a similar plan.
And of course I'll suggest you could be independent sooner if you reduce some spending. ;) But that's your tradeoff to consider.