Re:I think I know why you can't hire engineers right now
by 88913527 on Thursday January 13, 2022 @01:57AM
(#29917646)
If your income is $100k and you save $90k, spending $10k, after 3 years, you will have saved $270k. With growth, you might have $300k. To support your ongoing $10k annual expenses, you'd only be spending 3% of your portfolio. The math checks out. Of course with taxes, a savings rate of 90% is more than likely to be possible.
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