« First « Previous Comments 8 - 31 of 31 Search these comments
I would think that a dollar figure required to live in Caligulan splendor in perpetuity would be better number to use.
Having some income however modest is great, something inside me hates the idea of spending savings and investments, it feels strange.
Get out early if you're not actually helping humanity, wtf. This is your life, don't sit behind a desk forever.
I think finding a way to stay occupied and happy is way better than magic numbers. Nothing sadder than seeing a lonely old man even if he has a nice bank account.
I agree, and have taken off a few years at a time before. But then after a long break I find that I kind of miss working. It's fun to have projects and co-workers. Then again, after working for a few years I find myself wanting time off again. Maybe it's just human nature to go back and forth.
I'd like to do it even sooner if possible, but my wife and I will be quitting full time work at age 48
If the majority of people could do it, and were able to save/make changes, other aspects of our economy would change to block it.
Everyone wants to believe they are doing good, not "really" causing harm, and are doing a good job of it.
There is no one at the top coming up with these student loan debts or mortgage debt ideas, it's just how the system builds itself as a whole.
Though lack of money can make you pretty stressed and miserable.
pkennedy saysEveryone wants to believe they are doing good, not "really" causing harm, and are doing a good job of it.
Yes, people have an almost infinite capacity to rationalize their own behavior as good, no matter what they are doing.
pkennedy saysThere is no one at the top coming up with these student loan debts or mortgage debt ideas, it's just how the system builds itself as a whole.
I'm not so sure about that. I think the Chamber of Commerce in particular deliberately comes up with and proposes laws and policies designed to give businesses more power over employees.
If I worked private industry I think I would have been able to get to $1.5 million by age 60 or so and probably worked until 65-70. As it’s stands now, I need one more promotion to retire in my late 50’s and I’m in my mid 40’s now. Without the promotion I have to work 5 additional years I think.
HeadSet saysI see that running a blog pays well!
Lol, essentially nothing from the blog.
What money I have is entirely from working as a programmer and investing in the stock market for about 25 years.
rocketjoe79 saysBy this measure, I will never retire.
What about living somewhere very cheap?
How does everyone afford health care before 62-1/2?
Do married guys factor in divorce and paying alimony and supporting the ex in the lifestyle they were used to for evah?.
How does everyone afford health care before 62-1/2?
That's my biggest variable - anyone have a ballpark for a monthly cost?
http://online.wsj.com/article/SB10000872396390443493304578034334095447050.html?source=Patrick.net\\&mod=WSJ_PersonalFinance_FamilyFinance