Would you retire at 30 and live frugally?
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Yeah this is why I don't have kids lol
wrote last edited by [email protected]It’s a trade off. It’s not easy either. Even when I was married and had a partner that could tag in and help me out. It’s much harder now that I’m single and I no longer have backup. It’s not like there’s an instruction manual either; each kid/situation is distinct and different.
But you know what, there are moments (more often than not) when they do or say something amazing, and it feels like the world is not such a bad place after all; because of them.
It’s not perfect. We sometimes get mad at each other. But that’s any relationship; it’s love. And I wouldn’t trade it for any amount of money in the world.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
30s are prime earning years – stick with it for a bit longer.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
I’d find a comfy job that’s easy to do even if it doesn’t pay the best.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
If you had the money to retire at 30
Not possible, since I am well above 30
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
Yes.
Source: I did this.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
wrote last edited by [email protected]I quit at 50, living on savings and stock market...
I dont know, its just something awful about working every day. I got sick of it.
Now im not doing anything special but im free to just live.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
If I was able to retire early at any age, I'd probably do some odd jobs or perhaps I'd volunteer for stuff. I need something to do.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
No questions asked, as long as I got to keep my current house to live in and not move back to the house I lived in at 30.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
I'd work a bit more. Seeing my parents struggle with money made me never want to do that. So I'll do what I can early on to reduce the chances of that ever happening.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
If I could retire now I would. But living in the US is expensive and gets more expensive every year. From real estate taxes or rent, from insurance, from cost of food, from basic utilities like electric, heat, gas... Neverind if you want a hobby, or a vacation, or Any leisure activities.....
Every time I leave my house it costs me $100 no matter what I am doing.
There's no way I would have enough money to retire comfortably.
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If I could retire now I would. But living in the US is expensive and gets more expensive every year. From real estate taxes or rent, from insurance, from cost of food, from basic utilities like electric, heat, gas... Neverind if you want a hobby, or a vacation, or Any leisure activities.....
Every time I leave my house it costs me $100 no matter what I am doing.
There's no way I would have enough money to retire comfortably.
You don't need to buy new shoes every time you go for a walk, you know?
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
I was pretty close to this option, but in the end we moved to a much nicer house. So now our expenses are a lot more. I don't regret it, it's a much better place to raise kids.
I did took a sabbatical for about a year, and will probably do that again in 5 years or so. It doesn't have to be a binary option, you can do sabbaticals (mini retirements) and still work.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
wrote last edited by [email protected]Instead of hypotheticals, am Auatralian. I (m) retired at 35 and divorced/moved at 45 and lived frugally in a mud brick cabin, off grid (solar and septic) on a dirt road in the bush, for a decade with my new (f) partner, she worked part time 2 days a week, grew lots of our own food, rode our MTBs on fire roads and trails, hiked, kayaked, swam in the river (we could cycle to) on hot days etc etc. Never thought we were missing anything, quite the opposite.
My small untouched share investments compounded hugely. As well as that, I only took 1/2 the dividends to live on, the outer half were reinvested as well,
A series of unfortunate events (aka mega bushfire) saw us buy an apartment in the city near the beach to get our heads stright just before covid lockdown, lived car free there etc , sold that 2 years ago and made a ridiculous profit, bought a place in a small rural village in the back of bumfuck for way less. No flood risk, no bushfire risk and it gets decent rainfall.
Now I have more money then I know what to do with...by that I don't mean I am a billionaire, I mean living frugally becomes a habit so my shares and income have grown and grown. I now donate 25% of my investmwnt income to charities, 25% is reinvested.and I.use the other 1/2 to live on.
My parter works 4 days a week for 6 months of the year, then has 6 months off completely. She wants her.own independent income etc
My only regret was not being brave enough about retiring earlier. I missed those years of freedom and wing get them.back. Am now 60.
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Instead of hypotheticals, am Auatralian. I (m) retired at 35 and divorced/moved at 45 and lived frugally in a mud brick cabin, off grid (solar and septic) on a dirt road in the bush, for a decade with my new (f) partner, she worked part time 2 days a week, grew lots of our own food, rode our MTBs on fire roads and trails, hiked, kayaked, swam in the river (we could cycle to) on hot days etc etc. Never thought we were missing anything, quite the opposite.
My small untouched share investments compounded hugely. As well as that, I only took 1/2 the dividends to live on, the outer half were reinvested as well,
A series of unfortunate events (aka mega bushfire) saw us buy an apartment in the city near the beach to get our heads stright just before covid lockdown, lived car free there etc , sold that 2 years ago and made a ridiculous profit, bought a place in a small rural village in the back of bumfuck for way less. No flood risk, no bushfire risk and it gets decent rainfall.
Now I have more money then I know what to do with...by that I don't mean I am a billionaire, I mean living frugally becomes a habit so my shares and income have grown and grown. I now donate 25% of my investmwnt income to charities, 25% is reinvested.and I.use the other 1/2 to live on.
My parter works 4 days a week for 6 months of the year, then has 6 months off completely. She wants her.own independent income etc
My only regret was not being brave enough about retiring earlier. I missed those years of freedom and wing get them.back. Am now 60.
Damn, sounds like a dream
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Instead of hypotheticals, am Auatralian. I (m) retired at 35 and divorced/moved at 45 and lived frugally in a mud brick cabin, off grid (solar and septic) on a dirt road in the bush, for a decade with my new (f) partner, she worked part time 2 days a week, grew lots of our own food, rode our MTBs on fire roads and trails, hiked, kayaked, swam in the river (we could cycle to) on hot days etc etc. Never thought we were missing anything, quite the opposite.
My small untouched share investments compounded hugely. As well as that, I only took 1/2 the dividends to live on, the outer half were reinvested as well,
A series of unfortunate events (aka mega bushfire) saw us buy an apartment in the city near the beach to get our heads stright just before covid lockdown, lived car free there etc , sold that 2 years ago and made a ridiculous profit, bought a place in a small rural village in the back of bumfuck for way less. No flood risk, no bushfire risk and it gets decent rainfall.
Now I have more money then I know what to do with...by that I don't mean I am a billionaire, I mean living frugally becomes a habit so my shares and income have grown and grown. I now donate 25% of my investmwnt income to charities, 25% is reinvested.and I.use the other 1/2 to live on.
My parter works 4 days a week for 6 months of the year, then has 6 months off completely. She wants her.own independent income etc
My only regret was not being brave enough about retiring earlier. I missed those years of freedom and wing get them.back. Am now 60.
No major health issues?
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Instead of hypotheticals, am Auatralian. I (m) retired at 35 and divorced/moved at 45 and lived frugally in a mud brick cabin, off grid (solar and septic) on a dirt road in the bush, for a decade with my new (f) partner, she worked part time 2 days a week, grew lots of our own food, rode our MTBs on fire roads and trails, hiked, kayaked, swam in the river (we could cycle to) on hot days etc etc. Never thought we were missing anything, quite the opposite.
My small untouched share investments compounded hugely. As well as that, I only took 1/2 the dividends to live on, the outer half were reinvested as well,
A series of unfortunate events (aka mega bushfire) saw us buy an apartment in the city near the beach to get our heads stright just before covid lockdown, lived car free there etc , sold that 2 years ago and made a ridiculous profit, bought a place in a small rural village in the back of bumfuck for way less. No flood risk, no bushfire risk and it gets decent rainfall.
Now I have more money then I know what to do with...by that I don't mean I am a billionaire, I mean living frugally becomes a habit so my shares and income have grown and grown. I now donate 25% of my investmwnt income to charities, 25% is reinvested.and I.use the other 1/2 to live on.
My parter works 4 days a week for 6 months of the year, then has 6 months off completely. She wants her.own independent income etc
My only regret was not being brave enough about retiring earlier. I missed those years of freedom and wing get them.back. Am now 60.
No flood risk, no bushfire risk and it gets decent rainfall.
As a fellow Australian - where the heck did you find this unicorn of a location?! I've been house-hunting (well, land-hunting, really) for over a year, and everything seems to come saddled with a bushfire overlay, flood overlay, or both. I've pretty much resigned myself to being stuck in a bushfire zone.
(Note: not asking for you to dox yourself with the actual location, though I am deeply curious.)
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
No. I'm already living frugally. Cutting my spending by further 45% would make my life unsustainable.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
65% of what I spend right now? do we assume my mortgage is paid off and I get 65% of that money, too?
I'm currently spending less than I would like to so that I can save for retirement. do I just get 65% of all that money that I would otherwise be spending, in this scenario?
if yes to the above questions, easily. if not, no
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
I live frugally now.
I also just like to work. I don't plan to ever retire.
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If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?
No, I live relatively lean already. 65% would mean cutting down to rice-and-beans type diet, no Internet, no investment into hobbies, no travel.
Also, there's inflation. At 30 years old I could expect to live another 40+ years. And 65% of today's dollars is going to get less and less valuable as the years go on.
