Re:Mr. Money Mustache’s retirement (sort of) plan
by w23j on Monday February 22, 2016 @04:48AM
(#11149688)
Of course the timeline in this case was:
1. Retire
2. Live of savings as planned for years
3. Start a blog that ends up making money
Re:Mr. Money Mustache’s retirement (sort of) plan
by bildung on Monday February 22, 2016 @04:49AM
(#11149690)
According to his site, he was already retired when he started blogging.
Re:Mr. Money Mustache’s retirement (sort of) plan
by nodamage on Monday February 22, 2016 @05:10AM
(#11149766)
Be that as it may, there's a pretty big difference in financial security between retiring at 30 with $600k in the bank (where one financial emergency puts you on pretty thin ice) and retiring with $600k in the bank plus $400k/year extra income.
Fool-proof retirement plan that anyone can follow:
1. Have 400k/year of passive income.
2. Retire.