How to retire at 30 on $1 million

"Greene began investing in real estate while in business school, and continued to build a successful real estate business. Greene went from being a bus boy at the Breakers Hotel in Palm Beach to being one of the most successful businessmen in the world. [8]

In mid-2006, Greene, worried about the possible collapse of the real estate market, spoke with John Paulson, a fellow investor who discussed with Greene his investing strategy. They agreed that the real estate market was unstable and a bubble might be forming in housing. After the meeting, Greene engaged in a similar investing strategy to that of Paulson, which involved a series of unconventional investments trading credit default swaps. The return on Greene’s investments ultimately saved his business, and even put him on the Forbes 400 list."

Or, perhaps it should be called "A plan for generating retirement-suitable income using approximately $1mm of capital".

Oh, hey, that's what it _is_ called (modulo some aggressive rounding).

I agree with the first paragraph, though, that if it does turn out that you have $5mm, and if it does turn out that you can't secure nonrecourse debt, then it is true that you're also taking on extra risk.

Based still on wikipedia, I would describe this as a regressive tax. The amount to pay increases sub-linearly with increase in the value of the thing taxed.

In Canada, property tax is paid by the owner, not the occupant, and it pays for the same things (garbage collection, libraries, schools, etc).

—Fitzgerald, The Great Gatsby

I think I recently drove by a sign on the road that said this too. It was right next to another sign that read "Make Money Fast", and another sign that said "Get Rich Working from Home." However, a much wiser man than I once said: TANSTAAFL.

Now I know this is gonna get nuked, but I don't care because I can prove my point if you can understand me. Money is all you guys ever talk about here. Can we get more up votes on articles about oh say, extravagant assembly code or hardware hacks, instead of the daily echo chamber of TC driven $pablum?

IMHO everyone here, or at least the most vocal minority, is far, far too obsessed with making money. And the kind of money amount always being talked about is literally winning the lottery. Fools! You want to know why the American Empire has hollwed out and is about to fall? Everybody is a fucking true-blue believer that they deserve to be rich,at the expense of everything and everyone else! Why can't people just be happy with enough to get by? Spend time with your friends and family, stop chasing the bullshit ideology of conspicuous consumption which much richer and much more powerful individuals want you to believe in order to trap you into their completely distorted mentality, a simulacrum of un-reality! And those biggest fish only benefit themselves by getting everyone else to chase their white rabbit btw.

Here's my one "TED" wish: instead of the pursuit of money and winning the lottery, I want more of you super-smart, elite, "WEIRD", technophiles to spend the same amount of time & effort doing something intrinsically meaningful, creative, in the pursuit of knowledge for yourself or others, or sacrificing & helping those people in your communities who are disadvantaged, oppressed and less fortunate, or the noble purpose of doing something(anything!) because it is Right and nobody else seems to be doing that thing.

What kind of ignorant fuck truly wants to live the hollow lifestyle of a wealthy young aristocrat? You might think you're making sacrifices now for freedom from money later, but I, and every single philosopher going all the way back to Thales would warn the pursuit of wealth, for it's own sake, or for the sole sake of being "freed" from money, ends up becoming a tragic, inescapable anchor you will be permanently chained to in your life, and it will fully consume and ruin whatever goodness and potential you might have started with.

There is another way. Take only what you need, don't need much, give generously without regard, and redirect all your newly found free time & energy into efforts that truly matter.

Fuck you, Money!