6/20/2023 0 Comments Shockingly simple math mmmif leaving any old job for a set of new ones is retirement then I guess I've retired a number of times?! He works on real estate and construction projects, and actively and regularly writes and manages a blog that likely brings in a 5-figure income. Wait wait wait WHAT?! He has not ceased working. Not everyone will retire in their 30s or 40s, but most people could probably shave a few years off their working career by being less wasteful and more money-conscious. MMM can be a bit extreme at times, but his overall message can still be useful. In the worst case he can dip into his ~$1M net worth, but this could result in reduced spending power unless he finds some way to build it back up. He has a high-deductible health plan currently, which covers any big health expenses. ![]() Unless I find an income-generating hobby, I will be using less than 4% for myself. MMM advocates for lowering expenses during a slump and potentially supplementing with side income, which is why it works for him. I played with cFIREsim to get this number. I think it's okay to hope for it, just as long as you realize it might not happen. This means that a 5% return is neither unrealistic nor guaranteed. Looking at 30 year periods, the average return is 590.73%, or about 6.1% yearly (1.061 30 = 590%).
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