Re:Ask HN: What was your best passive income in 2016?
by icedchai on Sunday December 11, 2016 @08:50PM
(#13154917)
Yes, it works. I've been investing a minimum of $500/week for the past 8 years. Currently I'm investment $1000/week. I make good money and keep my expenses low, and now have more than 33x my yearly expenses in investment/savings. I'm planning on retiring early...
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Re:Ask HN: What was your best passive income in 2016?
by zild3d on Sunday December 11, 2016 @09:31PM
(#13155067)
At 33x annual spending you can retire today.
That is already passed the 4% withdrawal rate (can take out 4% every year and never decrease the principle), which is 25x annual spending in savings/investments.
http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need...