That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.This quote is hidden because you are ignoring this member. Show Quote
Leave Canada, live where it's cheap
Live in an RV, Cabin, or Boat
No Debts / >30K Year of Income
No Debts / >50K Year of Income
No Debts / >80K Year of Income
Make Due with Government Pension
Work until I die
That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.This quote is hidden because you are ignoring this member. Show Quote
My hope? No Debts / >80K Year of Income
My plan? No Debts / >50K Year of Income
Realistically? No Debts / >30K Year of Income
Yup. You need money to make money.This quote is hidden because you are ignoring this member. Show Quote
Hehe is this from your personal experienceThis quote is hidden because you are ignoring this member. Show Quote
I’m still trying to get to that first mill lol was hoping to get there by 40 but doesn’t look like that’s gonna happen
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
It's a lot easier when your SO helps you get there... not the other way around lol.This quote is hidden because you are ignoring this member. Show Quote
That’s a whole other discussion lol I’ll do it myself! Don’t need no woman to make me rich!
Jk I hope I find the oneThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
7% return will double the first mill in 10 years. The next 10 years will double the 2 mill to 4 mill. Easy peasy.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by max_boost
Hey baller, any problem money can solve is no problem at all. Don't sweat it.
The way things are going by the time I retire 80k/yr won’t even cover my property taxes...
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
I have to remind myself that you, in fact, are not 85 years oldThis quote is hidden because you are ignoring this member. Show Quote
However, if using historical inflation data for Alberta, 80,000 today could be the same as 284,000 in 40 years.
https://inflationcalculator.ca/alberta/
Last edited by msommers; 05-08-2019 at 09:25 AM.
Ultracrepidarian
Retiring at 50, 7% return, 3% inflation, drawing $80K/year the 1st year.
You will run out of $ by:
$1M = 69 years old.
$2M or more = never broke your portforlio will actually be $5M by 70.
But remember that your retirement could evaporate on a single Trump tweet. And you really don't need money after 70.
Live it up while your body can handle it. Money is never yours, experiences are.
Last edited by Xtrema; 05-08-2019 at 09:32 AM.
This mirrors what my parents friends have all said... the first 20 years of working was getting the experience/connections/knowledge and the next 20 was where they really benefited financially from it.This quote is hidden because you are ignoring this member. Show Quote
This is how my wife and I think, we don't buy anything material for one another, we put the cash towards experiences together.This quote is hidden because you are ignoring this member. Show Quote
I have a similar mindset as well but I also realize that a lot of experiences in life are very low cost and even free. Just have to commit the time to it.This quote is hidden because you are ignoring this member. Show Quote
That’s exactly what I am saying, all your costs will go up. And the 2 million you need to retire, might need to be 5-10.This quote is hidden because you are ignoring this member. Show Quote
Let’s not even discuss how much taxes overall are likely to increase on a % basis between now and then to cover all the green new deal type crap people want these days.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Semi-retire by 35
Pump out a couple kids
Enjoy the shit out of life
Make everyone else question their life choices
...
Last edited by Sugarphreak; 08-18-2019 at 04:23 PM.
Sounds good in theory. Kids are going to test your relationship to the maximum. You may not enjoy the shit out of life, they (kids) become your priority. No more yoloing, until they’re a bit older.This quote is hidden because you are ignoring this member. Show Quote
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
Experiences > Things = Bang on
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Only need millions if you want to make the Beyond Ballers list
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
i dont think kids will slow down his lifestyle... and if they do he can ship them off to a top boarding school in europeThis quote is hidden because you are ignoring this member. Show Quote
.
Last edited by Sugarphreak; 06-15-2019 at 11:52 AM.