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There is some level of subjectiveness involved and the results are not clearcut, just as it’s hard to point out where exactly a sea ends and land begins, or where exactly lays the border between baltic sea and the ocean.
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Jim: Perhaps Johnny Depp’s first three Pirates of the Caribbean may supply the appropriate vibe.The Anglicans are their own special breed. If you drew this on a graph, it would not be a straight line, it would be nice curved exponential graph, like this one from the Early Retirement Extreme book:
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It can quickly become a runaway exponential snowball of income.Īs soon as this income is enough to pay for your living expenses, while leaving enough of the gains invested each year to keep up with inflation, you are ready to retire. Then the earnings on those earnings start earning their own money. As soon as you start saving and investing your money, it starts earning money all by itself. In between, there are some very interesting considerations.
#The shockingly simple math to early retirement for free
If you are spending 0% of your income (you live for free somehow), and can maintain this after retirement, you can retire right now. If are spending 100% (or more) of your income, you will never be prepared to retire, unless someone else is doing the saving for you (wealthy parents, social security, pension fund, etc.). Money Mustache explores the shockingly simple math behind early retirement - which relies on some shocking simplifications to arrive at it shocking simplicity: