Gotta love these arbitrary numbers they pull out of nowhere. What if you’re making $35k a year as a technician?• By age 30: Have the equivalent of your starting salary saved
• By age 35: Have two times your salary saved
• By age 40: Have three times your salary saved
• By age 45: Have four times your salary saved
• By age 50: Have six times your salary saved
• By age 55: Have seven times your salary saved
• By age 60: Have eight times your salary saved
• By age 67: Have 10 times your salary saved
“Oh but if you can live off $35k/year then retirement will be a breeze!”
...Please...
Even if you save this magical 10x salary at $100k/year, you still have only $1M to retire on!?!?!
Instead of save! save! save!, Why don’t these people use their hard earned $$$ to buy something that will 3x that amount?
Literally a $200 Craigslist lawnmower can make you $1k mowing lawns over a summer. How does a 500% ROI sound?
But the FIRE Fandom loves to brag about their 7% YEARLY S&P 500 gains...smh