How to retire early, even with 2 kids! Blah blah blah...

[socaldude]

"McCurry used a 3.5% rule. That is, he focused on building up enough savings such that withdrawing 3.5% each year from his nest egg would cover his family’s current annual spending of $40,000. “That’s the point where I said, ‘Yeah, the finances will work,’” he says."

It seems like these days now they are just making shit up. The 3.5% rule? Rule from where? Who?

High probability portfolio? Where do they get this stuff from?

They put a million dollars in just all stocks?

 

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[jpmartin]

 

[The Abundant Man]

Another popular site The Simple Dollar once had an article of how to save money on xmas wrapping paper to save money by using newspaper! Or the other article I remember reading on making your own soap!

Stuff like this just drives me batty with personal finance bloggers.

Focus on generating more income. There's only sooo much fat you can cut before you are sacrificing yourself. But that's a common them in society.

Why I Don't Budget and the Three Things You Should Focus on Instead

I agree with this. It's not a saving problem. It's an income problem

 

[Computerchest]

If you simply think of your personal finances in the same way a CEO thinks about a business you would realise, there is only so much you can trim from the bottom line before you have to think about increasing the top line too (which you should be thinking about anyway).

 

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[Computerchest]

Finally did a video on compound-interest...

And if anyone wants to read that chapter (free, no email required) visit this page:

The Compound Interest Scam: Truth VS Reality



Just thinking about having 90% of my NW in stocks gives me indigestion.

Another great Video Even a basic level of knowledge on portfolio theory, would give advice on a more sensible allocation. The fact they are promoting themselves as role models worries me...

 

[NaPal]

x2 fantastic video MJ.

 

[The Abundant Man]

View attachment 21032



I can't remember, I think 170,000 words. TMF was 120,000.

 

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[jpmartin]

And if anyone wants to read that chapter (free, no email required) visit this page:

MJ, am still going through UNSCRIPTED . Hat's off to you on this! btw, how many words is the book!?! I'm still at 65%!

 

[quanttastic]

Triple M is a trap indeed

Just out of curiosity, what do you find troubling about Mr Money Mustache? (serious question from occasional reader of his blog)

 

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[The Abundant Man]

I guess what I'm saying some shouldn't even try to go the Fast Lane and accept mediocrity, because they just can't do it. It's not their lot/purpose in life. No different than me trying to become a professional ballplayer.

It just ain't happening.

How do you know it's not for you if you don't try at first?