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<blockquote data-quote="lavidaloca" data-source="post: 811020" data-attributes="member: 565">Heres the thing about retiring by 35 which is a dream of a lot of people. The people doing it are almost exclusively couples. Why? Live on one income bank the other. Saving $1,000 a month is a retirement plan not a retire by 35 plan. Add another 4k or so to that a month and you are in business for early retirement. For a single guy to save 5k a month hes probably gotta make atleast 120k a year before taxes and then live very minimalist. That is not going to be easy for most people. You need a highly valued skill if you want to retire early.I've battled the decision to walk away and party my brains out for 10 years travelling the world or work to the point where my investments will be sustainable to withhold the level of spending I wish to make. I chose to work. For me it's paying off. In most things in life there are going to be people who win and people who lose. It's a gamble for most people as to whether it pays off because most people are employees and that places some restriction on how much control of their destiny that they have.I'd recommend just learning a skill you can do remotely after saving a modest investment portfolio. Spend 5 years save 100k. Invest it in a rental or equities etc. Don't touch it though and go live on your remote income. That seems the most practical way for people to get the best of both worlds to me.</blockquote>

[QUOTE="lavidaloca, post: 811020, member: 565"] Heres the thing about retiring by 35 which is a dream of a lot of people. The people doing it are almost exclusively couples. Why? Live on one income bank the other. Saving $1,000 a month is a retirement plan not a retire by 35 plan. Add another 4k or so to that a month and you are in business for early retirement. For a single guy to save 5k a month hes probably gotta make atleast 120k a year before taxes and then live very minimalist. That is not going to be easy for most people. You need a highly valued skill if you want to retire early. I've battled the decision to walk away and party my brains out for 10 years travelling the world or work to the point where my investments will be sustainable to withhold the level of spending I wish to make. I chose to work. For me it's paying off. In most things in life there are going to be people who win and people who lose. It's a gamble for most people as to whether it pays off because most people are employees and that places some restriction on how much control of their destiny that they have. I'd recommend just learning a skill you can do remotely after saving a modest investment portfolio. Spend 5 years save 100k. Invest it in a rental or equities etc. Don't touch it though and go live on your remote income. That seems the most practical way for people to get the best of both worlds to me. [/QUOTE]

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