Comment on How Much Do I Need to Retire? by Financial Slacker.
I have used 4% as well, although more recently, I have started to think I might feel more comfortable bumping up to 30x spending. Or even better, I am moving my assets toward income generation so I know exactly how much cash flow I have.
Sounds like you’re in pretty good shape. And from my experience, the first 25% is harder than the rest. Once the benefits of compounding start kicking in, the numbers add up much more quickly.
Recent Comments by Financial Slacker
Creating a Better Life By Spending Less Not Earning More
That’s the decision we all make whether it’s intentional or not. Freedom in the future or discretionary spending today.
Avoid the Home Warranty Repair Scam
My only other appliance repair was actually a dishwasher that I tried to repair myself. Unfortunately, after ordering and installing the wrong part, I did finally get the correct part installed. But the new part didn’t fix the problem.
I’ve been working around the issue but at some point, I’ll probably need to bring in someone to actually repair it.
And I still don’t think it will cost $500 to repair.
As difficult as I find it to describe what I’m doing, it’s better than the alternative.
Learn To Profit By Taking Risk
When I posted this, I did think about you ATL. I know you’ve been actively trading options for a while.
It’s a topic that I find intriguing. I’m going to tune it to Tom and Tastytrade a little more.
Thanks for the feedback.
Why Do I Blog and Pour Myself Out There Every Day?
The other benefit of writing often is how much content you create. And just because a post was initially short and written without much in-depth analysis, doesn’t mean you can’t go back, take the idea, and expand into something more extensive.
I used to have a bunch of those short posts sitting in my drafts folder. Now, I’ll go ahead and just publish them.