Dude retired at 33.

Gadfium

colsten wrote: »

I feel very sorry for his 3 kids as they'll probably have to start working very early in their lives instead of being able to go to uni.

Well, thats what he did. If it was good enough for him, then i guess he is thinking that it's good enough for them.

http://rootofgood.com/early-retirement-at-33-an-overview/

gadgetmind

$100k is graduate starting salary for good engineers in many parts of the US, and they will expect stock options on top of that.

gadgetmind

Mind you, I wouldn't fancy trying to retire in those places with only $2m to my name!

Ryan_Futuristics

You can easily get by on £1m .. I quit the day job at less than 1/3rd of that - in London too

I wouldn't call myself frugal, but it amazes me how much money some people manage to get through

Then again I started off on eBay, so I got used to the idea that you avoid paying retail ... So a lot of my food staples I'll buy wholesale - and you don't need anything more than an Amazon account to do that nowadays

There are a lot of false economies (like buying Windows laptops and Android phones ... won't go into that here)

Sometimes if there's a product I get through quite a bit of - like Murray's pomade (no relation to Murray International) - I'll see if I can buy it wholesale and sell on a few crates (habit from when you used to buy an oz and sell it off to get a free qtr)

C-dog

Ryan_Futuristics wrote: »

(habit from when you used to buy an oz and sell it off to get a free qtr)

bwhwhahahaha, funniest thing I've read on here to date. I have no idea what you're talking about though. Honest

YoungBusinessman

I doubt id manage to pack it in if i could accumulate that much in a short time wouldnt you want an extra few years to up your income by xx% a year once you do retire(still before 40)

colsten

gadgetmind wrote: »

Mind you, I wouldn't fancy trying to retire in those places with only $2m to my name!

Agreed, and as someone posted, he's only got $1.4m. Even £1.4m wouldn't be enough for my taste as I expect to live into my late 90s, and I do prefer a very comfortable lifestyle, right to the end of my days. I don't have the choice any longer, but working and saving yourself silly in your twenties and thirties just so you can brag about how early you retired on a shoestring simply doesn't appeal to me.

Each to their own though - I definitely wouldn't want to swap with that guy.

moneyfoolish

Nor would I! I worked for 47 years and never failed to look forward to going into work. As long as I've got enough money to be able to go out to a few nice restaurants every now and then and watch a few sporting events, I don't need anything else. I've known a few people driven by money and they've rarely been very happy.

atush

If they have no health insurance, and all it would take is one of them to get seriously ill and then it would be back to work for him/

My mom spent 3 weeks in hospital and it cost nearly $40K- and that was in the 90s!!!

TheTracker

atush wrote: »

If they have no health insurance, and all it would take is one of them to get seriously ill and then it would be back to work for him/

My mom spent 3 weeks in hospital and it cost nearly $40K- and that was in the 90s!!!

The transcript link in post #3 explains his healthcare, including the information it costs 1k/month, and as his adult kids roll off the plan it will cater for his higher costs as an elderly bod.

My view is he is not really retired as long as his SO is working. Plenty of us have a stay at home SO who looks after the kids while we work. Is my SO "retired" because she has no need to ever work again and is currently a child carer? Perhaps he prefers to label himself as some superhero that retired early rather than "House Husband".