Hello! This is the story of how an immigrant to this great country started his journey with a $10,000 debt and semiretired with a portfolio of $1,101,000 in less than 10 years! Click in the cow to know how I did it 🙂
Can I retire yet? Try this online calculator
About this calculator
There was a study from Trinity university where they basically simulated investing a chunk of money in different years in the stock market and just took out different percentages of that portfolio. The 100% success rate of not depleting the portfolio in 30 years was a yearly withdrawal rate of 4%. A more conservative withdrawal rate is 3%; for example, if you need $27,000 per year to live you need to have saved $900,000 at 3% withdrawal rate meaning you can get out $27,000 per year and you wont run out of money (considering previous stock market performance). I will talk extensively about this study in future posts so stay tuned!
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I am almost 40 years old and I know now that fortunately (for me) I will not have kids, through my adulthood until now I have been dueling my decision. Sometimes I feel it was an excellent choice but sometimes I feel I made a mistake; while I will never know I can at least… - What you achieve is the result of luck and just then the result of your effort.
Money makes life so easy; I often remind myself how hard life was for me and is for other people in this planet (and, I mean, almost every single human in the planet). We are living in an extremely overpopulated world where supply of workforce is always way greater than the demand; this creates a… - Early Retirement reflections
While researching for safe withdrawal rates I came up with an article of how parents can contribute to a separate investment to provide for free tuition for their kids; while I decided early in life that having kids wasn’t a good idea for me I completely subscribe to the idea of helping the young ones… - Life as an early retiree
Well guys, it has officially been two months; I set task today to describe how is life as a retiree while you still have some juice left. For those stuck at work reading this blog I will tell you: bad boy (or girl), I wish you well and it is certainly possible to retire early…. - Becoming a Millionaire 101 – ETFs
Another type of investments beside stocks is Exchange Traded Funds or ETFs. Basically some investment companies buy several shares of stocks and group them together in categories; for example, they buy stocks for Microsoft, Apple, Google, Cisco, Intel… You get the idea, what do you think this category is? If you guessed information technology you…