#Shockingly simple math retirement full#

Q) ItвЂ™s all turbo awesome, but letвЂ™s get back for a moment on the Early Retirement thing.

Q) You keep talking about this вЂњFIRE CommunityвЂќ, what do you mean? Is there some community-like forum or what?.

Q) What about housing? Should I buy or rent?.

Q) Why Mustachian? Why Mustachianism? Why Mr Money Mustache? Why are mustaches so important?.

Q) But I live in a HCOL (High Costs of Living) area, what can I do?.

Q) But I have children, can I dream about FI?.

Q) But IвЂ™m in a relationship (or married) and my partner is spendy / doesnвЂ™t believe in this FI thing / doesnвЂ™t want to move to XYZ / wants to absolutely move to XYZ / Etc.

Q) But I canвЂ™t cut my spending much, I donвЂ™t want to live like a poor or deprive my children and myself of the treats we deserve.

Q) But I donвЂ™t know how much I spend per month/year, what should I do?.

Q) But I donвЂ™t earn much, what can I do?.

Q) But I donвЂ™t know how much money I do have now, what can I do?.

#Shockingly simple math retirement full#

I think we covered a lot of the financial and psychological aspects of FI and ER, but IвЂ™m full of debts. Q) Ok, please tell me more how should I invest my money.Q) So why are you aiming to a 3.5% Safe Withdrawal Rate and a pretty high monthly target allowance (3500 Eur) and consequently high FU Money (1.2M EUR)?.Q) SoвЂ¦ itвЂ™s a 3.25% rule for everybody? Or a 2.5% (like Ben Felix claims)?.Q) What is the Sequence of Returns Risk?.Q) What do you mean by вЂњhigh market valuationвЂќ?.Q) ThatвЂ™s awesome, but why did you say that I should be living on 3-5% of initial nest egg while we just demonstrated that 4% is enough?.Q) Whaaat? Is a Million ($, ВЈ, в‚¬, CHF) really enough?.Q) All these formulas and IвЂ™ve seen no actual number! How much do I need to reach Financial Independence if I make 60k per year, want to use the 4% rule and I spend 40k per year?.Q) Awesome, got it! What is take home pay? Is that my monthly salary? Yearly? Gross? Net?.DoesnвЂ™t that mean that saving and earning are both equally important? Q) Wait, you said that saving is more important than earning and then you said that the only factor that matters is saving rate (S/E).Q) Cool! So I just need to accumulate 25 times my yearly spending! How long does it take? Does it depend on how much I earn? Does it depend on how much I spend? ItвЂ™s better to focus on increase earnings or lower expenses?.Q) But waitвЂ¦ YouвЂ™re telling me that stocks will always go up? What if thereвЂ™s a market crash? How can you guarantee that stocks will go up forever?.How much money should I invest? How? What are the expected returns? Q) IвЂ™m lazy, tell me more about the passive investment strategy.ItвЂ™s all about having more options and freedom. Q) But I donвЂ™t want to do nothing like retirees do, IвЂ™m young and I want to be productive! Why should I aim to early retirement?.Q) But I love my Job, why should I retire early?.But before we move on, why should I want to Retire Early? I have some money in my bank, but what do you mean by вЂњWealth that generates incomeвЂќ? Q) Is that something you just made up or is it an actual thing?.