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Wasted 25-35 in biglaw, but now can retire with 1.5M

Not sure if it was worth it, but looking forward to next pha...
Rose aggressive voyeur
  07/24/17
what investment strategy are you going to employ brother?
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
65/35 stocks/bonds, low cost index funds
Rose aggressive voyeur
  07/24/17
does that spit out dividend income or sth? what do you live ...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
yeah some, or you sell and take gains. Same difference.
Rose aggressive voyeur
  07/24/17
seems kinda risky. i wouldnt want to eat away at my capital ...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
Makes no difference whether your investments spit out $40K d...
Rose aggressive voyeur
  07/24/17
CR. Dividend growth investing is for boomers who don't reali...
brindle reading party
  07/24/17
Yep. Too many boomers chase dividend stocks so most of th...
magical flirting skinny woman
  07/24/17
Yep. Look no further than GE or IBM.
brindle reading party
  07/24/17
lmao these are the exact stocks my boomer in laws' financial...
Coral trailer park doctorate
  07/24/17
Lmao just do assume there are always 10% ROIC projects layin...
laughsome gaming laptop
  07/25/17
tbqf i prefer the safety of knowing that my capital is in on...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
this is a false comfort though. dividends can easily be cut....
brindle reading party
  07/24/17
(guy who has never heard of DEM DIVIDEND ARISTOCRATS)
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
COP was a dividend aristocrat. CVX still is a dividend ar...
brindle reading party
  07/24/17
just do xom lil breh
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
It's not a preference man, you just are ill-informed.
Rose aggressive voyeur
  07/24/17
very likely. im a dim bulb in many ways.
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
...
Disgusting kitty telephone
  07/24/17
hmmm. how you gonna retire on that brother?
razzmatazz weed whacker brunch
  07/24/17
Could easily retire on that outside of sf/ny/dc/la live on 4...
Charismatic Bistre Knife Cruise Ship
  07/24/17
no, 45k is too low
180 liquid oxygen
  07/24/17
you can spend 60k on 1.5M. 4% is fine.
Rose aggressive voyeur
  07/24/17
(Boomer buying boats and going on cruses)
dashing depressive parlor
  08/28/17
*poasts eth address*
amethyst chapel personal credit line
  07/24/17
...
drab diverse locus
  07/24/17
wtf? 1.5 million? fucking lol. kill yourself for thinking th...
supple area
  07/24/17
Not worth it dude
Saffron spot hissy fit
  07/24/17
Ship has sailed bro
Rose aggressive voyeur
  07/24/17
net worth it
180 liquid oxygen
  07/24/17
Just do move to South America and live like a king.
vigorous seedy resort
  07/24/17
dey keel you
180 liquid oxygen
  07/24/17
I had a cash net worth of $1mm (now $1mm in real estate) but...
magical flirting skinny woman
  07/24/17
lol oh yeah inflation has been such a beast the last decade....
Rose aggressive voyeur
  07/24/17
I do both, but real estate has returned much more for me tha...
magical flirting skinny woman
  07/24/17
Plenty of examples to follow. See ERE forum.
Rose aggressive voyeur
  07/24/17
link pls
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
http://forum.earlyretirementextreme.com/viewtopic.php?t=5061
Rose aggressive voyeur
  07/24/17
lol fuck that domain name is hardcore
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
...
Arrogant school cafeteria boltzmann
  07/26/17
Owner of that site just lives off his wife htfhxoxo
marvelous dilemma
  08/28/17
tbf his poast was more sarcasm than trolling.
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
There are many markets where you can earn an 8-10% cash on c...
Black french trump supporter tattoo
  07/24/17
Such as? This seems false. Cap rates are terrible most place...
Green racy coffee pot
  07/25/17
Mississippi, Ohio, Michigan, etc
dashing depressive parlor
  08/28/17
Lol brej I guarantee you won't get 6% real returns over the ...
laughsome gaming laptop
  07/25/17
Lol if you think the published inflation is the real inflati...
Beady-eyed Emerald Volcanic Crater Mood
  07/26/17
(Guy who thinks increases in the prices of specific goods = ...
Blue buck-toothed box office jew
  08/28/17
How did you get 1.5mm by 30 or whatever you claim? Inheritan...
know-it-all irradiated stage dingle berry
  07/24/17
35
Rose aggressive voyeur
  07/24/17
I'm asking inambro. 1.5 by 35 is believable/standard for big...
know-it-all irradiated stage dingle berry
  07/24/17
Not really, no.
Green racy coffee pot
  07/25/17
its not realistic. 1M would be a good outcome by 35
zippy opaque office
  08/28/17
TCR if you are living in NYC or SF, which are the markets wh...
Tantric Khaki Halford
  08/28/17
For me, my parents paid for college and my grandmother gave ...
magical flirting skinny woman
  07/24/17
UW-Madison followed by Northwestern?
180 liquid oxygen
  07/24/17
Nope, never got an MBA. Top ugrad is all I'll say, no doobs....
magical flirting skinny woman
  07/24/17
lol what is the job that you "love"
Mind-boggling range
  09/16/17
that'd be so fucking CR
Ungodly Glittery Turdskin Codepig
  07/24/17
0x295a9bf1647c3790824DFeD2507338Ff897De075
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
Gotcha ty ty. Congrats. Yeah seems early inheritance is key....
know-it-all irradiated stage dingle berry
  07/24/17
Yeah, much of it is luck and I won't deny that. Also I r...
magical flirting skinny woman
  07/24/17
Did you just 1031 exchange and keep getting bigger tax free?...
Green racy coffee pot
  07/25/17
just do inherit half a million dollars bro, guys in my high ...
magenta faggot firefighter
  08/28/17
...
Harsh Home Pistol
  07/25/17
*die unhappily.
Slippery pozpig casino
  07/26/17
Nice bro. I'm sitting at 1.25MM and I plan to do the same on...
brindle reading party
  07/24/17
about a decade ago, this was my dream. it did not work ...
180 liquid oxygen
  07/24/17
relevant to muh interests.... as i asked above - how do you ...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
Div/bond yield on 2M is about 45-50k. I'll supplement the re...
brindle reading party
  07/24/17
so if i can maek it on just 30k a year i only need 1mn capit...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
Yep.
brindle reading party
  07/24/17
fma i could have sold all of my eth at 400 and been done wit...
misanthropic nofapping step-uncle's house son of senegal
  07/24/17
...
Fragrant filthy blood rage
  07/26/17
Woops!
Vermilion passionate elastic band whorehouse
  09/16/17
...
Disgusting kitty telephone
  07/24/17
Unless you get a wife or a family -- and ever man should hav...
Green racy coffee pot
  07/25/17
180
Coral trailer park doctorate
  07/24/17
how did you saev that much? rich parents? YOU WERE BOR...
Ungodly Glittery Turdskin Codepig
  07/24/17
you can't retire on that, it's not 1960.
Violent hideous sneaky criminal public bath
  07/24/17
...
Saffron spot hissy fit
  08/28/17
bro i would do ten years in prison for that 180 enjoy lyfe u...
amethyst chapel personal credit line
  07/24/17
...
misanthropic nofapping step-uncle's house son of senegal
  07/25/17
...
pungent school jap
  07/25/17
...
Arrogant school cafeteria boltzmann
  07/26/17
Paying taxes on qualified dividends and long term capital ga...
Big-titted angry multi-billionaire menage
  07/26/17
UNGH
Milky flatulent point
  09/16/17
why not work a chill job for a few years and use that cash o...
Provocative Up-to-no-good Legal Warrant Theatre
  08/28/17
do you plan on having kids? what are you going to tell yo...
bronze bisexual temple
  08/28/17
Just go to Thailand and live like a king on $3 a day.
avocado bespoke yarmulke circlehead
  08/28/17
CR
Harsh Home Pistol
  08/28/17
Pick a low COL place and you'll be fine. I have 3 kids and ...
shivering motley genital piercing
  08/28/17
you can take a low 6 figures job now but you can't retire. ...
adventurous massive friendly grandma foreskin
  09/16/17
Youre a clown. Shitty decision. You will never be what you h...
Bonkers Clown
  09/16/17
Thanks bro
Rose aggressive voyeur
  09/16/17
All the $$$$$$$$ in the world will never replace losing the ...
abusive corner
  09/16/17
Now imagine losing those years and not having the money.
Vermilion passionate elastic band whorehouse
  09/16/17
Even worse.
abusive corner
  09/16/17
But presumably they paid off their loans, WORTH IT?
Coral trailer park doctorate
  09/16/17


Poast new message in this thread



Reply Favorite

Date: July 24th, 2017 10:27 PM
Author: Rose aggressive voyeur

Not sure if it was worth it, but looking forward to next phase of life living off investment returns.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847752)



Reply Favorite

Date: July 24th, 2017 10:27 PM
Author: misanthropic nofapping step-uncle's house son of senegal

what investment strategy are you going to employ brother?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847758)



Reply Favorite

Date: July 24th, 2017 11:00 PM
Author: Rose aggressive voyeur

65/35 stocks/bonds, low cost index funds

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848047)



Reply Favorite

Date: July 24th, 2017 11:00 PM
Author: misanthropic nofapping step-uncle's house son of senegal

does that spit out dividend income or sth? what do you live on?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848051)



Reply Favorite

Date: July 24th, 2017 11:03 PM
Author: Rose aggressive voyeur

yeah some, or you sell and take gains. Same difference.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848063)



Reply Favorite

Date: July 24th, 2017 11:04 PM
Author: misanthropic nofapping step-uncle's house son of senegal

seems kinda risky. i wouldnt want to eat away at my capital in the event my stocks/bonds werent appreciating.

have you looked into "dividend growth investing"?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848070)



Reply Favorite

Date: July 24th, 2017 11:06 PM
Author: Rose aggressive voyeur

Makes no difference whether your investments spit out $40K dividends or appreciate $40K. Same difference.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848081)



Reply Favorite

Date: July 24th, 2017 11:08 PM
Author: brindle reading party

CR. Dividend growth investing is for boomers who don't realize that a stock paying 4% dividend yield is going to appreciate 4% less than a stock of an identical company that pays no dividend.

Since cap gains and dividend tax rates are equal as well, there is really no difference.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848102)



Reply Favorite

Date: July 24th, 2017 11:10 PM
Author: magical flirting skinny woman

Yep.

Too many boomers chase dividend stocks so most of the time these are companies that are overvalued even when you net out their dividend.

The 4% dividend they pay would be much better used on ROIC projects which return 10%+. Many times, these stocks run sideways for years or get hit with multiple compression in the long-term as they lose their competitive positioning, i.e. retail/industrials.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848130)



Reply Favorite

Date: July 24th, 2017 11:13 PM
Author: brindle reading party

Yep. Look no further than GE or IBM.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848144)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: Coral trailer park doctorate

lmao these are the exact stocks my boomer in laws' financial adviser told them to buy

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848262)



Reply Favorite

Date: July 25th, 2017 9:14 PM
Author: laughsome gaming laptop

Lmao just do assume there are always 10% ROIC projects laying around

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854969)



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: misanthropic nofapping step-uncle's house son of senegal

tbqf i prefer the safety of knowing that my capital is in one place and that it spits out income that i can use for spending moeny and stuff.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848154)



Reply Favorite

Date: July 24th, 2017 11:18 PM
Author: brindle reading party

this is a false comfort though. dividends can easily be cut. just look at dividend paying stocks during any recession. or oil company stocks now, which were supposed to be some of the most stable dividend paying companies.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848180)



Reply Favorite

Date: July 24th, 2017 11:28 PM
Author: misanthropic nofapping step-uncle's house son of senegal

(guy who has never heard of DEM DIVIDEND ARISTOCRATS)

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848255)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: brindle reading party

COP was a dividend aristocrat.

CVX still is a dividend aristocrat.

Guess how they've done since 2014?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848271)



Reply Favorite

Date: July 24th, 2017 11:30 PM
Author: misanthropic nofapping step-uncle's house son of senegal

just do xom lil breh

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848286)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: Rose aggressive voyeur

It's not a preference man, you just are ill-informed.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848261)



Reply Favorite

Date: July 24th, 2017 11:31 PM
Author: misanthropic nofapping step-uncle's house son of senegal

very likely. im a dim bulb in many ways.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848290)



Reply Favorite

Date: July 24th, 2017 10:29 PM
Author: Disgusting kitty telephone



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847770)



Reply Favorite

Date: July 24th, 2017 10:30 PM
Author: razzmatazz weed whacker brunch

hmmm. how you gonna retire on that brother?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847784)



Reply Favorite

Date: July 24th, 2017 10:58 PM
Author: Charismatic Bistre Knife Cruise Ship

Could easily retire on that outside of sf/ny/dc/la live on 45k passive 3% returns and chill.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848023)



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: 180 liquid oxygen

no, 45k is too low

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848147)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: Rose aggressive voyeur

you can spend 60k on 1.5M. 4% is fine.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848269)



Reply Favorite

Date: August 28th, 2017 10:22 AM
Author: dashing depressive parlor

(Boomer buying boats and going on cruses)

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083773)



Reply Favorite

Date: July 24th, 2017 10:31 PM
Author: amethyst chapel personal credit line

*poasts eth address*

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847788)



Reply Favorite

Date: July 24th, 2017 10:42 PM
Author: drab diverse locus



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847910)



Reply Favorite

Date: July 24th, 2017 10:32 PM
Author: supple area

wtf? 1.5 million? fucking lol. kill yourself for thinking this is money.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847805)



Reply Favorite

Date: July 24th, 2017 10:41 PM
Author: Saffron spot hissy fit

Not worth it dude

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33847891)



Reply Favorite

Date: July 24th, 2017 11:00 PM
Author: Rose aggressive voyeur

Ship has sailed bro

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848050)



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: 180 liquid oxygen

net worth it

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848152)



Reply Favorite

Date: July 24th, 2017 10:59 PM
Author: vigorous seedy resort

Just do move to South America and live like a king.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848037)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: 180 liquid oxygen

dey keel you

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848267)



Reply Favorite

Date: July 24th, 2017 11:00 PM
Author: magical flirting skinny woman

I had a cash net worth of $1mm (now $1mm in real estate) but I am much younger than you and there is no way you can live off that.

Inflation alone will kill your living costs, so your best shot is to do what I did and buy 2-3 properties which hedge against inflation.

Once you do that, you will be forced to work a few more years to pay off the mortgage(s). Of course then you also need to eat/have fun so you will need to add on another few years to that while you are paying off the mortgage(s).

That gets you to about age 40. Then if you want kids you need to work until you're 50. If there are any emergencies (health issues, divorce, etc.) you probably should work until age 60 before you retire happily.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848048)



Reply Favorite

Date: July 24th, 2017 11:02 PM
Author: Rose aggressive voyeur

lol oh yeah inflation has been such a beast the last decade. Such a good idea to pile up "investment property" instead of getting 6% real returns in the stock market.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848056)



Reply Favorite

Date: July 24th, 2017 11:03 PM
Author: magical flirting skinny woman

I do both, but real estate has returned much more for me than the stock market has. You know Austin property saw 100% gains in the past 2 years right? LA was a great real estate market too. Excluding the ~$7k of rent I get every month, real estate has still been a better investment than a 100% net long portfolio. FYI I had a 10% IRR the past 3 years in the stock market, so a bit above market (i.e. S&P 500).

Anyways.

Your troll post is one I've made multiple times on different boards. Good to think about, but in no way realistic.

Sorry, I'll leave now, carry on with your thread.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848066)



Reply Favorite

Date: July 24th, 2017 11:05 PM
Author: Rose aggressive voyeur

Plenty of examples to follow. See ERE forum.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848072)



Reply Favorite

Date: July 24th, 2017 11:05 PM
Author: misanthropic nofapping step-uncle's house son of senegal

link pls

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848075)



Reply Favorite

Date: July 24th, 2017 11:07 PM
Author: Rose aggressive voyeur

http://forum.earlyretirementextreme.com/viewtopic.php?t=5061

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848096)



Reply Favorite

Date: July 24th, 2017 11:15 PM
Author: misanthropic nofapping step-uncle's house son of senegal

lol fuck that domain name is hardcore

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848159)



Reply Favorite

Date: July 26th, 2017 1:26 AM
Author: Arrogant school cafeteria boltzmann



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33856998)



Reply Favorite

Date: August 28th, 2017 2:50 PM
Author: marvelous dilemma

Owner of that site just lives off his wife htfhxoxo

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34085909)



Reply Favorite

Date: July 24th, 2017 11:05 PM
Author: misanthropic nofapping step-uncle's house son of senegal

tbf his poast was more sarcasm than trolling.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848074)



Reply Favorite

Date: July 24th, 2017 11:09 PM
Author: Black french trump supporter tattoo

There are many markets where you can earn an 8-10% cash on cash return on real estate, not including equity and appreciation in the asset.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848117)



Reply Favorite

Date: July 25th, 2017 9:10 PM
Author: Green racy coffee pot

Such as? This seems false. Cap rates are terrible most places.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854955)



Reply Favorite

Date: August 28th, 2017 10:24 AM
Author: dashing depressive parlor

Mississippi, Ohio, Michigan, etc

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083789)



Reply Favorite

Date: July 25th, 2017 9:16 PM
Author: laughsome gaming laptop

Lol brej I guarantee you won't get 6% real returns over the next decade

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854988)



Reply Favorite

Date: July 26th, 2017 8:51 AM
Author: Beady-eyed Emerald Volcanic Crater Mood

Lol if you think the published inflation is the real inflation. Look at how much your medical and housing costs have increased.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33857744)



Reply Favorite

Date: August 28th, 2017 9:55 AM
Author: Blue buck-toothed box office jew

(Guy who thinks increases in the prices of specific goods = inflation)

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083594)



Reply Favorite

Date: July 24th, 2017 11:10 PM
Author: know-it-all irradiated stage dingle berry

How did you get 1.5mm by 30 or whatever you claim? Inheritance?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848123)



Reply Favorite

Date: July 24th, 2017 11:12 PM
Author: Rose aggressive voyeur

35

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848139)



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: know-it-all irradiated stage dingle berry

I'm asking inambro. 1.5 by 35 is believable/standard for biglaw (I'm young and finance tho so what do I know)

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848155)



Reply Favorite

Date: July 25th, 2017 9:10 PM
Author: Green racy coffee pot

Not really, no.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854956)



Reply Favorite

Date: August 28th, 2017 10:28 AM
Author: zippy opaque office

its not realistic. 1M would be a good outcome by 35

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083818)



Reply Favorite

Date: August 28th, 2017 10:33 AM
Author: Tantric Khaki Halford

TCR if you are living in NYC or SF, which are the markets where this is most realistic. Maybe could happen at a firm that pays NYC market in DC, ATL, or Chicago.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083849)



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: magical flirting skinny woman

For me, my parents paid for college and my grandmother gave me $500k. Most of that is in an ETF the past 5 years which has really helped.

I did ibanking at 22 and work at a fund now. Bought my first property which appreciated by 50%. My second property appreciated almost 100%. My third property was a year ago and already appreciated 10%.

Basically inheritance and compounding capital. It helps that my work is 100% lined up to leverage my PA.



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848149)



Reply Favorite

Date: July 24th, 2017 11:15 PM
Author: 180 liquid oxygen

UW-Madison followed by Northwestern?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848160)



Reply Favorite

Date: July 24th, 2017 11:16 PM
Author: magical flirting skinny woman

Nope, never got an MBA. Top ugrad is all I'll say, no doobs.

To get back to the OP though, I have definitely thought about retiring at 35 or 40. But if you want kids and you don't marry an above average girl, you're better off just finding a job you love where you can at least net even paying off your mortgage and keeping up with your PA.

That you way you can 100% retire with about $5mm liquid net worth which is what I think the minimum is for those who want to keep an above average lifestyle.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848167)



Reply Favorite

Date: September 16th, 2017 9:45 PM
Author: Mind-boggling range

lol what is the job that you "love"

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226621)



Reply Favorite

Date: July 24th, 2017 11:30 PM
Author: Ungodly Glittery Turdskin Codepig

that'd be so fucking CR

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848282)



Reply Favorite

Date: July 24th, 2017 11:16 PM
Author: misanthropic nofapping step-uncle's house son of senegal

0x295a9bf1647c3790824DFeD2507338Ff897De075

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848164)



Reply Favorite

Date: July 24th, 2017 11:18 PM
Author: know-it-all irradiated stage dingle berry

Gotcha ty ty. Congrats. Yeah seems early inheritance is key. 500k at 22 makes it look easy. You got into real estate at a great time. Good job on selling them

Yeah my work lines up as well so in just focused on bootstrapping and getting the salary up. Although I'm a trader so living off 1.5 would be easy

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848177)



Reply Favorite

Date: July 24th, 2017 11:20 PM
Author: magical flirting skinny woman

Yeah, much of it is luck and I won't deny that.

Also I realized that I would be bored if I fully retired. I prefer working, but actually doing something you enjoy. The major comfort I enjoy is that I don't need to worry about saving money every year. As long as I break even and can pay off the rest of my mortgages, I'm happy.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848200)



Reply Favorite

Date: July 25th, 2017 9:12 PM
Author: Green racy coffee pot

Did you just 1031 exchange and keep getting bigger tax free? Any books you'd rec?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854963)



Reply Favorite

Date: August 28th, 2017 10:28 AM
Author: magenta faggot firefighter

just do inherit half a million dollars bro, guys in my high school did it all the time

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083820)



Reply Favorite

Date: July 25th, 2017 4:56 PM
Author: Harsh Home Pistol



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33853352)



Reply Favorite

Date: July 26th, 2017 1:28 AM
Author: Slippery pozpig casino

*die unhappily.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33857010)



Reply Favorite

Date: July 24th, 2017 11:10 PM
Author: brindle reading party

Nice bro. I'm sitting at 1.25MM and I plan to do the same once I hit around 2MM. That's enough to live on 65k in today's dollars forever. Since I only spend 40k/year now it seems more than adequate.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848127)



Reply Favorite

Date: July 24th, 2017 11:16 PM
Author: 180 liquid oxygen

about a decade ago, this was my dream.

it did not work out.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848166)



Reply Favorite

Date: July 24th, 2017 11:16 PM
Author: misanthropic nofapping step-uncle's house son of senegal

relevant to muh interests.... as i asked above - how do you plan to get your capital to spit out that much in income?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848169)



Reply Favorite

Date: July 24th, 2017 11:21 PM
Author: brindle reading party

Div/bond yield on 2M is about 45-50k. I'll supplement the rest by selling shares.

Google "safe withdrawal rate in early retirement." Anything less than 3.5% has been 100% safe in all prior 50+ year periods.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848204)



Reply Favorite

Date: July 24th, 2017 11:28 PM
Author: misanthropic nofapping step-uncle's house son of senegal

so if i can maek it on just 30k a year i only need 1mn capital amirite?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848260)



Reply Favorite

Date: July 24th, 2017 11:30 PM
Author: brindle reading party

Yep.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848279)



Reply Favorite

Date: July 24th, 2017 11:30 PM
Author: misanthropic nofapping step-uncle's house son of senegal

fma i could have sold all of my eth at 400 and been done with irl.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848284)



Reply Favorite

Date: July 26th, 2017 1:23 AM
Author: Fragrant filthy blood rage



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33856980)



Reply Favorite

Date: September 16th, 2017 9:41 PM
Author: Vermilion passionate elastic band whorehouse

Woops!

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226594)



Reply Favorite

Date: July 24th, 2017 11:36 PM
Author: Disgusting kitty telephone



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848332)



Reply Favorite

Date: July 25th, 2017 9:13 PM
Author: Green racy coffee pot

Unless you get a wife or a family -- and ever man should have a family.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854968)



Reply Favorite

Date: July 24th, 2017 11:28 PM
Author: Coral trailer park doctorate

180

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848254)



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: Ungodly Glittery Turdskin Codepig

how did you saev that much?

rich parents?

YOU WERE BORN ON THIRD BASE NOT IMPRESSIVE

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848273)



Reply Favorite

Date: July 24th, 2017 11:31 PM
Author: Violent hideous sneaky criminal public bath

you can't retire on that, it's not 1960.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848291)



Reply Favorite

Date: August 28th, 2017 3:14 PM
Author: Saffron spot hissy fit



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34086094)



Reply Favorite

Date: July 24th, 2017 11:36 PM
Author: amethyst chapel personal credit line

bro i would do ten years in prison for that 180 enjoy lyfe u are good

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848341)



Reply Favorite

Date: July 25th, 2017 8:45 PM
Author: misanthropic nofapping step-uncle's house son of senegal



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854832)



Reply Favorite

Date: July 25th, 2017 9:12 PM
Author: pungent school jap



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33854962)



Reply Favorite

Date: July 26th, 2017 1:28 AM
Author: Arrogant school cafeteria boltzmann



(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33857004)



Reply Favorite

Date: July 26th, 2017 7:56 AM
Author: Big-titted angry multi-billionaire menage

Paying taxes on qualified dividends and long term capital gains is TCR. You can make up to $49,000 tax free.

4% is considered a safe withdrawal rate, so with $1.2 mill you could be drawing $4/month tax-free!

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33857634)



Reply Favorite

Date: September 16th, 2017 9:38 PM
Author: Milky flatulent point

UNGH

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226578)



Reply Favorite

Date: August 28th, 2017 10:12 AM
Author: Provocative Up-to-no-good Legal Warrant Theatre

why not work a chill job for a few years and use that cash on high risk investments?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083701)



Reply Favorite

Date: August 28th, 2017 10:24 AM
Author: bronze bisexual temple

do you plan on having kids?

what are you going to tell you kids, you turned documents for other people for 10 years and now you can bum around living on the same income as a roofer?

if i were going to be a bachelor and die alone this would be a good path, but jfc it sounds horrible if you want to have a normal life.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083797)



Reply Favorite

Date: August 28th, 2017 10:38 AM
Author: avocado bespoke yarmulke circlehead

Just go to Thailand and live like a king on $3 a day.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083892)



Reply Favorite

Date: August 28th, 2017 2:46 PM
Author: Harsh Home Pistol

CR

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34085883)



Reply Favorite

Date: August 28th, 2017 3:16 PM
Author: shivering motley genital piercing

Pick a low COL place and you'll be fine. I have 3 kids and it doesn't have to cost that much.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34086108)



Reply Favorite

Date: September 16th, 2017 8:26 PM
Author: adventurous massive friendly grandma foreskin

you can take a low 6 figures job now but you can't retire. or you could but dumb. just get a breezy 9-5 for $100k until 50. or be a teacher and get summers off to travel plus a pension.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226249)



Reply Favorite

Date: September 16th, 2017 9:49 PM
Author: Bonkers Clown

Youre a clown. Shitty decision. You will never be what you hoped to be.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226640)



Reply Favorite

Date: September 16th, 2017 11:32 PM
Author: Rose aggressive voyeur

Thanks bro

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34227160)



Reply Favorite

Date: September 16th, 2017 9:51 PM
Author: abusive corner

All the $$$$$$$$ in the world will never replace losing the prime years of your life. Sorry man.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226645)



Reply Favorite

Date: September 16th, 2017 9:59 PM
Author: Vermilion passionate elastic band whorehouse

Now imagine losing those years and not having the money.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226696)



Reply Favorite

Date: September 16th, 2017 10:02 PM
Author: abusive corner

Even worse.

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34226717)



Reply Favorite

Date: September 16th, 2017 11:34 PM
Author: Coral trailer park doctorate

But presumably they paid off their loans, WORTH IT?

(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34227182)