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Started By
Message
re: 42-year-old millionaire: I tried to retire early at 34—but failed. Here’s what went wrong
Posted on 12/20/19 at 8:38 am to SlowFlowPro
Posted on 12/20/19 at 8:38 am to SlowFlowPro
quote:
While I understand that it’s our duty to help subsidize others who are less healthy.
Uh, no.
1
Posted on 12/20/19 at 8:39 am to OleWarSkuleAlum
quote:
Here’s what went wrong
quote:
San Francisco
Posted on 12/20/19 at 8:40 am to Engineer
He also admits to hitting a couple big trades right before the dot.com bust.
Posted on 12/20/19 at 8:42 am to bigblake
His portfolio
He makes a good bit off of his e book, but how much do you have to have in bonds to make 50k a year? 5% from 1mm?
He makes a good bit off of his e book, but how much do you have to have in bonds to make 50k a year? 5% from 1mm?
This post was edited on 12/20/19 at 8:49 am
Posted on 12/20/19 at 8:43 am to Wtodd
quote:
Here’s what went wrong
quote:
San Francisco
There's that, but then there's also this:
quote:
If all else fails, we will relocate to Honolulu in 2022, when our boy is eligible for kindergarten. The median price for a single-home family in Honolulu is $835,000 — or 47% lower than in San Francisco. Meanwhile, the price of a private school education (around $25,000) there is also 30% to 45% less.
These people are simply morons, at least wiht money. "Oooohh well the multi-million dollar home we have is too much, let's downsize to an $835K one instead"
Idiots. These people could live in 99% of cities in America (basically excluding manhattan, boston, etc) with zero problems and live high on the hog like KINGS but nah, they still have to keep up appearances.
Posted on 12/20/19 at 8:44 am to Engineer
quote:
If you read his history, his parents owned a house in San Francisco, which he was renting for $10,000 a month a one point.
He worked at Goldman Sachs. Made good money. And smartly negotiated a nice severance.
quote:
He was in the right place at the right time.
Nope.
quote:
misleading given he had access to this one property that set him up very nice.
It’s right on his site.
“ The severance allowed me to keep 100% of my deferred cash and stock compensation that paid out over three years, and 100% of a six figure investment that paid out over seven years. Further, I got a nice lump sum severance check as well.”
No house rental is getting you 3 mill at age 34.
He was working international equities. He was making bank.
Posted on 12/20/19 at 8:46 am to SlowFlowPro
quote:
While I understand that it’s our duty to help subsidize others who are less healthy, the cost has become untenable.
shite like this makes me want to punch people in the face. Here's a news flash: I DON'T OWE YOU OR ANYONE ELSE ANYTHING! Just because you were born doesn't give you claim over my life.
Posted on 12/20/19 at 8:47 am to GetCocky11
With a passive income of 250,000 per year I would move to a lake in North Alabama and chill.
Posted on 12/20/19 at 8:49 am to Aubie Spr96
People are hopping on this statement, but generally he's not hugely liberal from the articles I've read.
Posted on 12/20/19 at 8:51 am to Teddy Ruxpin
quote:
People are hopping on this statement, but generally he's not hugely liberal from the articles I've read
He's still a raging moron
Posted on 12/20/19 at 8:51 am to OleWarSkuleAlum
Good. Stay the frick out of Texas!
Posted on 12/20/19 at 8:51 am to SlowFlowPro
quote:
I’ve finally reached a point where paying so much in health insurance premiums feels like highway robbery, especially since we’re a healthy family with no pre-existing conditions. While I understand that it’s our duty to help subsidize others who are less healthy, the cost has become untenable.
Posted on 12/20/19 at 8:51 am to bird35
quote:
With a passive income of 250,000 per year I would move to a lake in North Alabama and chill.
I'd build a big mountain house and live on the outskirts of Asheville.
Posted on 12/20/19 at 8:52 am to Displaced
quote:
Why the frick are they paying for preschool if neither of them work?
You been around home-schooled kids?
Gotta get that kid socialized.
Posted on 12/20/19 at 8:54 am to OleWarSkuleAlum
Gotta be a troll
No way someone's escape plan from SF prices is to move to fricking Honolulu
No way someone's escape plan from SF prices is to move to fricking Honolulu
Posted on 12/20/19 at 8:56 am to Slingin Pickle
quote:
He's still a raging moron
A "moron" with allegedly more money than me.
I don't want to know what that makes me.
Posted on 12/20/19 at 8:57 am to Slingin Pickle
quote:
He's still a raging moron
Moron who had 3 mill in his early 30s.
Tell us about your accomplishments at that age.
Posted on 12/20/19 at 8:59 am to WG_Dawg
quote:
These people could live in 99% of cities in America (basically excluding manhattan, boston, etc) with zero problems and live high on the hog like KINGS but nah, they still have to keep up appearances.
Not enough farts to sniff in those areas.
Posted on 12/20/19 at 9:07 am to flvelo12
The moral of the story is pay your house off prior to retirement. Then plan on living on 4% of your savings annually. If you can do that you are set. .
Posted on 12/20/19 at 9:07 am to Mr Perfect
quote:
what's so funny. Louisiana edu is a national embarrassment
My private school in Baton Rouge is most likely much better than your public school in California.
Just sayin'
Not like it helped me though
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