\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

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...
vigorous bbw
  07/24/17
what investment strategy are you going to employ brother?
Duck-like menage
  07/24/17
65/35 stocks/bonds, low cost index funds
vigorous bbw
  07/24/17
does that spit out dividend income or sth? what do you live ...
Duck-like menage
  07/24/17
yeah some, or you sell and take gains. Same difference.
vigorous bbw
  07/24/17
seems kinda risky. i wouldnt want to eat away at my capital ...
Duck-like menage
  07/24/17
Makes no difference whether your investments spit out $40K d...
vigorous bbw
  07/24/17
CR. Dividend growth investing is for boomers who don't reali...
copper rehab
  07/24/17
Yep. Too many boomers chase dividend stocks so most of th...
aquamarine impertinent dysfunction corn cake
  07/24/17
Yep. Look no further than GE or IBM.
copper rehab
  07/24/17
lmao these are the exact stocks my boomer in laws' financial...
glittery green foreskin keepsake machete
  07/24/17
Lmao just do assume there are always 10% ROIC projects layin...
onyx doctorate whorehouse
  07/25/17
tbqf i prefer the safety of knowing that my capital is in on...
Duck-like menage
  07/24/17
this is a false comfort though. dividends can easily be cut....
copper rehab
  07/24/17
(guy who has never heard of DEM DIVIDEND ARISTOCRATS)
Duck-like menage
  07/24/17
COP was a dividend aristocrat. CVX still is a dividend ar...
copper rehab
  07/24/17
just do xom lil breh
Duck-like menage
  07/24/17
It's not a preference man, you just are ill-informed.
vigorous bbw
  07/24/17
very likely. im a dim bulb in many ways.
Duck-like menage
  07/24/17
...
Ivory angry parlour
  07/24/17
hmmm. how you gonna retire on that brother?
Godawful step-uncle's house gaming laptop
  07/24/17
Could easily retire on that outside of sf/ny/dc/la live on 4...
violent school mood
  07/24/17
no, 45k is too low
electric really tough guy pit
  07/24/17
you can spend 60k on 1.5M. 4% is fine.
vigorous bbw
  07/24/17
(Boomer buying boats and going on cruses)
Low-t cobalt new version travel guidebook
  08/28/17
*poasts eth address*
Charismatic ocher hell coffee pot
  07/24/17
...
Vivacious cheese-eating internal respiration hall
  07/24/17
wtf? 1.5 million? fucking lol. kill yourself for thinking th...
Shimmering beady-eyed gas station twinkling uncleanness
  07/24/17
Not worth it dude
big buck-toothed stage
  07/24/17
Ship has sailed bro
vigorous bbw
  07/24/17
net worth it
electric really tough guy pit
  07/24/17
Just do move to South America and live like a king.
Appetizing ebony center goyim
  07/24/17
dey keel you
electric really tough guy pit
  07/24/17
I had a cash net worth of $1mm (now $1mm in real estate) but...
aquamarine impertinent dysfunction corn cake
  07/24/17
lol oh yeah inflation has been such a beast the last decade....
vigorous bbw
  07/24/17
I do both, but real estate has returned much more for me tha...
aquamarine impertinent dysfunction corn cake
  07/24/17
Plenty of examples to follow. See ERE forum.
vigorous bbw
  07/24/17
link pls
Duck-like menage
  07/24/17
http://forum.earlyretirementextreme.com/viewtopic.php?t=5061
vigorous bbw
  07/24/17
lol fuck that domain name is hardcore
Duck-like menage
  07/24/17
...
Laughsome lemon boltzmann
  07/26/17
Owner of that site just lives off his wife htfhxoxo
Dashing Theatre Nibblets
  08/28/17
tbf his poast was more sarcasm than trolling.
Duck-like menage
  07/24/17
There are many markets where you can earn an 8-10% cash on c...
spectacular crackhouse
  07/24/17
Such as? This seems false. Cap rates are terrible most place...
Marvelous Ceo
  07/25/17
Mississippi, Ohio, Michigan, etc
Low-t cobalt new version travel guidebook
  08/28/17
Lol brej I guarantee you won't get 6% real returns over the ...
onyx doctorate whorehouse
  07/25/17
Lol if you think the published inflation is the real inflati...
Hilarious Vibrant Fanboi Forum
  07/26/17
(Guy who thinks increases in the prices of specific goods = ...
Bull headed odious school cafeteria friendly grandma
  08/28/17
How did you get 1.5mm by 30 or whatever you claim? Inheritan...
smoky deranged nowag national security agency
  07/24/17
35
vigorous bbw
  07/24/17
I'm asking inambro. 1.5 by 35 is believable/standard for big...
smoky deranged nowag national security agency
  07/24/17
Not really, no.
Marvelous Ceo
  07/25/17
its not realistic. 1M would be a good outcome by 35
Chrome spot half-breed
  08/28/17
TCR if you are living in NYC or SF, which are the markets wh...
heady genital piercing
  08/28/17
For me, my parents paid for college and my grandmother gave ...
aquamarine impertinent dysfunction corn cake
  07/24/17
UW-Madison followed by Northwestern?
electric really tough guy pit
  07/24/17
Nope, never got an MBA. Top ugrad is all I'll say, no doobs....
aquamarine impertinent dysfunction corn cake
  07/24/17
lol what is the job that you "love"
useless gold institution
  09/16/17
that'd be so fucking CR
hyperactive address
  07/24/17
0x295a9bf1647c3790824DFeD2507338Ff897De075
Duck-like menage
  07/24/17
Gotcha ty ty. Congrats. Yeah seems early inheritance is key....
smoky deranged nowag national security agency
  07/24/17
Yeah, much of it is luck and I won't deny that. Also I r...
aquamarine impertinent dysfunction corn cake
  07/24/17
Did you just 1031 exchange and keep getting bigger tax free?...
Marvelous Ceo
  07/25/17
just do inherit half a million dollars bro, guys in my high ...
trip azure pisswyrm
  08/28/17
...
Diverse unholy knife abode
  07/25/17
*die unhappily.
stirring volcanic crater parlor
  07/26/17
Nice bro. I'm sitting at 1.25MM and I plan to do the same on...
copper rehab
  07/24/17
about a decade ago, this was my dream. it did not work ...
electric really tough guy pit
  07/24/17
relevant to muh interests.... as i asked above - how do you ...
Duck-like menage
  07/24/17
Div/bond yield on 2M is about 45-50k. I'll supplement the re...
copper rehab
  07/24/17
so if i can maek it on just 30k a year i only need 1mn capit...
Duck-like menage
  07/24/17
Yep.
copper rehab
  07/24/17
fma i could have sold all of my eth at 400 and been done wit...
Duck-like menage
  07/24/17
...
plum dopamine laser beams
  07/26/17
Woops!
Deep hospital trust fund
  09/16/17
...
Ivory angry parlour
  07/24/17
Unless you get a wife or a family -- and ever man should hav...
Marvelous Ceo
  07/25/17
180
glittery green foreskin keepsake machete
  07/24/17
how did you saev that much? rich parents? YOU WERE BOR...
hyperactive address
  07/24/17
you can't retire on that, it's not 1960.
Territorial church building liquid oxygen
  07/24/17
...
big buck-toothed stage
  08/28/17
bro i would do ten years in prison for that 180 enjoy lyfe u...
Charismatic ocher hell coffee pot
  07/24/17
...
Duck-like menage
  07/25/17
...
Boyish Station
  07/25/17
...
Laughsome lemon boltzmann
  07/26/17
Paying taxes on qualified dividends and long term capital ga...
pearly box office immigrant
  07/26/17
UNGH
Provocative Out-of-control Hissy Fit Lodge
  09/16/17
why not work a chill job for a few years and use that cash o...
chest-beating senate
  08/28/17
do you plan on having kids? what are you going to tell yo...
Fragrant Piazza
  08/28/17
Just go to Thailand and live like a king on $3 a day.
Amber Faggot Firefighter
  08/28/17
CR
Diverse unholy knife abode
  08/28/17
Pick a low COL place and you'll be fine. I have 3 kids and ...
Passionate Elite Deer Antler
  08/28/17
you can take a low 6 figures job now but you can't retire. ...
Purple police squad
  09/16/17
Youre a clown. Shitty decision. You will never be what you h...
wonderful frisky incel
  09/16/17
Thanks bro
vigorous bbw
  09/16/17
All the $$$$$$$$ in the world will never replace losing the ...
lavender azn toilet seat
  09/16/17
Now imagine losing those years and not having the money.
Deep hospital trust fund
  09/16/17
Even worse.
lavender azn toilet seat
  09/16/17
But presumably they paid off their loans, WORTH IT?
glittery green foreskin keepsake machete
  09/16/17


Poast new message in this thread



Reply Favorite

Date: July 24th, 2017 10:27 PM
Author: vigorous bbw

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: Duck-like menage

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: vigorous bbw

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: Duck-like menage

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: vigorous bbw

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: Duck-like menage

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: vigorous bbw

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: copper rehab

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: aquamarine impertinent dysfunction corn cake

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: copper rehab

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: glittery green foreskin keepsake machete

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: onyx doctorate whorehouse

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: Duck-like menage

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: copper rehab

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: Duck-like menage

(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: copper rehab

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: Duck-like menage

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: vigorous bbw

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: Duck-like menage

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: Ivory angry parlour



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



Reply Favorite

Date: July 24th, 2017 10:30 PM
Author: Godawful step-uncle's house gaming laptop

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: violent school mood

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: electric really tough guy pit

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: vigorous bbw

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: Low-t cobalt new version travel guidebook

(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: Charismatic ocher hell coffee pot

*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: Vivacious cheese-eating internal respiration hall



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



Reply Favorite

Date: July 24th, 2017 10:32 PM
Author: Shimmering beady-eyed gas station twinkling uncleanness

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: big buck-toothed stage

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: vigorous bbw

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: electric really tough guy pit

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: Appetizing ebony center goyim

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: electric really tough guy pit

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: aquamarine impertinent dysfunction corn cake

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: vigorous bbw

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: aquamarine impertinent dysfunction corn cake

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: vigorous bbw

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: Duck-like menage

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: vigorous bbw

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: Duck-like menage

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: Laughsome lemon boltzmann



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



Reply Favorite

Date: August 28th, 2017 2:50 PM
Author: Dashing Theatre Nibblets

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: Duck-like menage

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: spectacular crackhouse

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: Marvelous Ceo

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: Low-t cobalt new version travel guidebook

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: onyx doctorate whorehouse

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: Hilarious Vibrant Fanboi Forum

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: Bull headed odious school cafeteria friendly grandma

(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: smoky deranged nowag national security agency

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: vigorous bbw

35

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



Reply Favorite

Date: July 24th, 2017 11:14 PM
Author: smoky deranged nowag national security agency

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: Marvelous Ceo

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: Chrome spot half-breed

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: heady genital piercing

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: aquamarine impertinent dysfunction corn cake

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: electric really tough guy pit

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: aquamarine impertinent dysfunction corn cake

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: useless gold institution

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: hyperactive address

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: Duck-like menage

0x295a9bf1647c3790824DFeD2507338Ff897De075

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



Reply Favorite

Date: July 24th, 2017 11:18 PM
Author: smoky deranged nowag national security agency

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: aquamarine impertinent dysfunction corn cake

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: Marvelous Ceo

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: trip azure pisswyrm

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: Diverse unholy knife abode



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



Reply Favorite

Date: July 26th, 2017 1:28 AM
Author: stirring volcanic crater parlor

*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: copper rehab

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: electric really tough guy pit

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: Duck-like menage

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: copper rehab

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: Duck-like menage

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: copper rehab

Yep.

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



Reply Favorite

Date: July 24th, 2017 11:30 PM
Author: Duck-like menage

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: plum dopamine laser beams



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



Reply Favorite

Date: September 16th, 2017 9:41 PM
Author: Deep hospital trust fund

Woops!

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



Reply Favorite

Date: July 24th, 2017 11:36 PM
Author: Ivory angry parlour



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



Reply Favorite

Date: July 25th, 2017 9:13 PM
Author: Marvelous Ceo

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: glittery green foreskin keepsake machete

180

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



Reply Favorite

Date: July 24th, 2017 11:29 PM
Author: hyperactive address

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: Territorial church building liquid oxygen

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: big buck-toothed stage



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



Reply Favorite

Date: July 24th, 2017 11:36 PM
Author: Charismatic ocher hell coffee pot

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: Duck-like menage



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



Reply Favorite

Date: July 25th, 2017 9:12 PM
Author: Boyish Station



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



Reply Favorite

Date: July 26th, 2017 1:28 AM
Author: Laughsome lemon boltzmann



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



Reply Favorite

Date: July 26th, 2017 7:56 AM
Author: pearly box office immigrant

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: Provocative Out-of-control Hissy Fit Lodge

UNGH

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



Reply Favorite

Date: August 28th, 2017 10:12 AM
Author: chest-beating senate

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: Fragrant Piazza

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: Amber Faggot Firefighter

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: Diverse unholy knife abode

CR

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



Reply Favorite

Date: August 28th, 2017 3:16 PM
Author: Passionate Elite Deer Antler

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: Purple police squad

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: wonderful frisky incel

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: vigorous bbw

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: lavender azn toilet seat

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: Deep hospital trust fund

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: lavender azn toilet seat

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: glittery green foreskin keepsake machete

But presumably they paid off their loans, WORTH IT?

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