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I see this translated to a similar comic for fastlaners:
“100 economics students, guided by a brave professor, were forced to read TMFL. They met 10 years later. This is their story…”
But back to the original comic: 1 guy actually made it. The basic recipe:
- have a cheap marriage, if at all
- don’t have kids
- actively diversely invest in stock early on
- have a cheap car, if at all
- live “kiam sip”
You are set within 10 years having ~1 million in the bank.
Funny how FIRE movement’s living-now premises are super-conservative but their “financial independence” calculations are quite Laisser-faire. I. e. live as frugal as possible for 10 years but then with 1M in the bank you are all set to push through the next 50 years, working 6 months a year and traveling for the rest of the time. Good bet
Why most of us won’t achieve Financial Independence early
Visit the post for more.
thewokesalaryman.com
“100 economics students, guided by a brave professor, were forced to read TMFL. They met 10 years later. This is their story…”
But back to the original comic: 1 guy actually made it. The basic recipe:
- have a cheap marriage, if at all
- don’t have kids
- actively diversely invest in stock early on
- have a cheap car, if at all
- live “kiam sip”
You are set within 10 years having ~1 million in the bank.
Funny how FIRE movement’s living-now premises are super-conservative but their “financial independence” calculations are quite Laisser-faire. I. e. live as frugal as possible for 10 years but then with 1M in the bank you are all set to push through the next 50 years, working 6 months a year and traveling for the rest of the time. Good bet
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