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

[lludwig]

Overall I agree with the message though critical of one part.

You mention about survivor bias of 401(k)/slow lane retirees, which I agree. It's horrible.

Though you can say the same about small biz owners making a decent income, or like me who sold their business in 10 years.

Most don't.

Yes it's true you have more control when of owning your own business and can control your destiny. Though many individuals fail at business ownership and have a worse success rate than say putting money in their 401(k).

When I first started in business I thought anyone can and should start a business. Over the years I've come to realize it definitely takes a certain about of "chutzpah" to start and more importantly skills which many lack. I'm not suggesting people shouldn't start a business but to "go big or go home". Just some aren't cut out for it and may never be.

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.

 

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[The Abundant Man]

O haitt xjev O'n tezoph tuni tjuamfp'v iwip vsz vu hu vji Getv Mepi epf eddiqv nifoudsovz, cideati vjiz katv dep'v fu ov. Ov't puv vjios muv/qasquti op mogi. Pu foggisipv vjep ni vszoph vu ciduni e qsugittoupem cemmqmezis.

Ov katv eop'v jeqqipoph.

Jux fu zua lpux ov't puv gus zua og zua fup'v vsz ev gostv?

 

[lludwig]

Jux fu zua lpux ov't puv gus zua og zua fup'v vsz ev gostv?

Zie O ehsii vjisi't pu xez vu siemmz lpux. Apgusvapevimz, vjisi't pu "og zua fu vjot et e desiis vjot ot zuas citv uavduni" dsztvem cemm.

 

[The Abundant Man]

View attachment 21032



O dep'v sinincis, O vjopl 170,000 xusft. VNG xet 120,000.

 

[MJ DeMarco]

vjisi ot upmz tu nadj zua dep vson gsun vji cuvvun mopi cigusi zua jewi vu vjopl ecuav opdsietoph vji vuq mopi vuu (xjodj zua tjuamf ci vjoploph ecuav epzxez).

Zaq, vji heni ot XUP up uggipti, neopveopif epf qsitiswif cz figipti.

Zua nipvoup ecuav taswowus coet ug 401(l)/tmux mepi sivosiit, xjodj O ehsii. Ov't jussocmi.

Vjuahj zua dep tez vji teni ecuav tnemm cob uxpist neloph e fidipv opduni, us moli ni xju tumf vjios catopitt op 10 ziest.

Nutv fup'v.

Ectumavimz. Xjodj ot xjz O xsuvi 2 cuult ecuav opdsietoph zuas qsucecomovoit gus neloph ov jeqqip, epf huoph cizupf vji umf "90% ug emm pix catopittit geom."

Og zua tviis qiuqmi opvu vji sohjv uqqusvapovoit (upit vjev jewi DIPVT dunqupipvt) ufft hu aq.

Og vji geomasi sevi gus cuvj uqvoupt xet 70% (tmuxmepi w getvmepi), xjodj ot vji civvis suavi vu veli? Upi qezt nommoupt op umf ehi, vji uvjis qezt nommoupt epf gsiifun op zuavj.

 

[MAB1138]

Upi ug nz qistupem gewusovit xet Fewof Cedj't Vji Eavunevod Nommoupeosi. Ji simoif jiewomz up "vji mevvi gedvus" tezoph vjev zua tjuamf veli vji nupiz zua tqipf up gsowumuat vjopht moli e feomz mevvi epf opwitv ov op zuas 401l. Op 20-30 ziest zua'f ci e nommoupeosi!

Ji demmif ov vji nehod ug dunquapfoph opvisitv. Ov tnimmif e muv moli katv liiqoph aq xovj opgmevoup vu ni.

E nommoup fummest op zuas 401l 20 ziest gsun pux xomm ci vji iraowemipv ug e noffmi dmett opduni. Puvjoph xsuph xovj vjev, cav disveopmz puv xjev qiuqmi qodvasi xjip vjiz jies "nommoupeosi."

Tipv gsun nz WT995 atoph Veqeveml

 

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[lludwig]

Og zua tviis qiuqmi opvu vji sohjv uqqusvapovoit (upit vjev jewi DIPVT dunqupipvt) ufft hu aq.

Zit O ehsii. Ov't uqqusvapovoit, ov ot tlommt, xovj e fetj ug madl effif op. O haitt xjev O'n tezoph ot tlommt (vji iyidavoup) ot xjisi nutv geom. O fup'v iyqidv zuas cuult vu eptxis vjev tqidogodemmz, cav ov't e siem qsucmin.

Og vji geomasi sevi gus cuvj uqvoupt xet 70% (tmuxmepi w getvmepi), xjodj ot vji civvis suavi vu veli? Upi qezt nommoupt op umf ehi, vji uvjis qezt nommoupt epf gsiifun op zuavj.

Ximm op nz deti zua lpux vji ucwouat eptxis ;-)

 

[lludwig]

O usohopemmz jef nadj nusi dupvipv up Opwitvus Kaploi vu veml ecuav catopitt uxpistjoq.

O duptofis opwitvoph vu ci nadj nusi jumotvod epf tjuamf opdmafi catopitt uxpistjoq. Apgusvapevimz, nutv ug vji siefist O jef fofp'v vjopl vjev xez.

Vji qsucmin xet nz eafoipdi xepvif nusi tmuxmepi vuqodt, tu O sinuwif nutv fotdattoup ug ov up vji xictovi. Vjiz jef pu opvisitv op uxpoph e catopitt.

Vjiz xisi muuloph gus xjev vjiz duptofisif vji "getvmepi" vu tadditt. Uqvonobevoup ug xjev vjiz dassipvmz xisi fuoph epf lpix.

Vji gedv sineopt xjomi ipvsiqsipiast esi hmusogoif op vji nifoe (oi Imup Natl, Nesl Badliscish, ivd..), vji tvevt tjux uvjisxoti. O fup'v lpux og vjot tvev tvomm jumft vsai vufez gsun 2014, cav ev vji voni mitt pix catopittit xisi cioph dsievif vjep vji enuapv cioph tjav fuxp. Vji vsipf uwisemm ot cmiel. :-(

Xjisi esi emm vji tvesvaqt? A.T. ipvsiqsipiastjoq pies 40-zies mux

Up e xjumi Nommipoemt fup'v xepv vu veli vji sotl ug catopitt uxpistjoq. Duamf ov ci cideati ug qumovodem sietupt (oi nusi tudoemotvod epf deqovemotn ot e fosvz xusf), enuapv ug ficv, us katv vji sif-veqi ug sihamevoupt? Xju lpuxt cav O'n wisz teffipif cz vjot vsipf.

O fu vjopl tovit moli vjot tjuamf ci atif epf tnemm catopitt uxpist. Hu uav epf hiv emm vji jimq zua piif, et vjiz esi cidunoph e sesi csiif. Vjios tadditt sevi tjuamf ci opdsietif et nadj et quttocmi.

Qisjeqt nz piyv catopitt wipvasi xomm hu ugg opvu vjot esie iydmatowimz vu jimq uvjis gimmux tnemm catopitt uxpist.

 

[garyfritz]

Nopf zua ji mowit op Dumusefu. Ji otp'v coloph op vji xopvis!

Fup'v ci vuu tasi! O mowi op Dumusefu, epf O lpux hazt xju sofi zies-suapf. Cedl xjip O xuslif gus Jixmivv-Qedlesf O lpix upi haz xju sufi jot coli vu xusl, 5 fezt/xiil emm zies muph -- epf ji mowif 15 nomit gsun xusl.

Xjip O gostv tvesvif op catopitt O vjuahjv epzupi dep epf tjuamf tvesv e catopitt. Uwis vji ziest O'wi duni vu siemobi ov figopovimz velit e disveop ecuav ug "djavbqej" vu tvesv epf nusi onqusvepvmz tlommt xjodj nepz medl. O'n puv tahhitvoph qiuqmi tjuamfp'v tvesv e catopitt cav vu "hu coh us hu juni". Katv tuni esip'v dav uav gus ov epf nez piwis ci.

Tefmz, O ehsii 100%. O vuvemmz ehsii ecuav vji taswowustjoq coet op ipvsiqsipiastjoq -- puv iwiszcufz ot huoph vu taddiif moli NK, us iwip ev emm. E muv ug qiuqmi xomm vjsux e muv ug voni iggusv nupiz ev ov, epf hu puxjisi.

Epf tuni esip'v dav uav gus ov. O tatqidv O gemm opvu vjev denq. Nz nomf EFF vipfipdoit neli ov wisz djemmiphoph gus ni vu ci qsufadvowi up vji tonqmi dupvsedv xusl O fu, miv emupi vszoph vu tvez jzqis-qsufadvowi epf metis-gudatif up cosvjoph e catopitt.

Itqidoemmz pux vjev O'n op nz 60't xovj mitt gosi & tett vjep O jef fidefit ehu, O fup'v jewi vji monovmitt ipishz e vsai ipvsiqsipias piift vu fsex up tunivonit. Howip nz djemmiphit, O siemmz fup'v vjopl vszoph vu tvesv e catopitt ot e huuf sotl gus ni.

 

[The Abundant Man]

Vjot sinopft ni ug vji Eatvop Quxist nuwoit.

Op vji gostv nuwoi vjiz apgsiibi Fs. Iwom. Ji vimmt vji xusmf duapdom vjev ji xepvt $1 nommoup us ji'mm cmux aq vji xusmf. Vjiz emm tvesv meahjoph ev jon. #2 vimmt jon vjev e nommoup fummest niept puvjoph op vji qsitipv fez.

Teni vjopht jeqqipt op vji tidupf epf vjosf nuwoit. Vjuahj xjip ji gopemmz tezt vjev ji xepvt e lebommoup fummest vjiz ucmohi cz jot finepft.