Re:Ask HN: I got let go this morning. What should I do next?
by misiti3780 on Friday January 30, 2015 @09:29PM
(#8975650)
a couple hundred thousand is not enough to retire at 30 though ....
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Re:Ask HN: I got let go this morning. What should I do next?
by fasouto on Friday January 30, 2015 @10:06PM
(#8975723)
He is 25, and he plans to retire at 30, in 5 years he may save another couple thousands more.
Let's put on the lower part of the "couple" spectrum and say he have 200.000, in 5 years he will have 400.000 USD. This money is enough to retire early with the 4% rule http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need...
Maybe you are assuming that he want to live in the states, with the interest of this money he could live easily in Spain, Thailand, Argentina, etc...
Re:Ask HN: I got let go this morning. What should I do next?
by wizzard on Friday January 30, 2015 @11:01PM
(#8975826)
When someone says "a couple thousand" you think of 200k as a lower bound?
Re:Ask HN: I got let go this morning. What should I do next?
by eigenvector on Saturday January 31, 2015 @12:13AM
(#8975967)
The English colloquialisms "a couple" or "a few" are generally accepted to mean 1 < x < 5.
Re:Ask HN: I got let go this morning. What should I do next?
by willthames on Saturday January 31, 2015 @02:22AM
(#8976141)
A couple and a couple of hundred are quite different though!
The original post suggests ~$2000, not ~200k
Re:Ask HN: I got let go this morning. What should I do next?
by misiti3780 on Saturday January 31, 2015 @09:47PM
(#8978979)
thailand maybe - spain seems like a stretch
Re:Ask HN: I got let go this morning. What should I do next?
by halfcat on Saturday January 31, 2015 @11:28PM
(#8979165)
It can be [1]. Instead of saving 10-15% of your income, suppose you cut your expenses drastically and started saving 80% of your income. The math works out that you will be financially independent within 5-7 years and no longer have a requirement to work for money.