How I Saved $380K By Age 29 To Retire Early

[dfrecore]

I mean, you can PLAN to live on $25k/yr, but that's not realistic these days..at least, not if you live in the US. Even if you lived somewhere extremely inexpensive like West Virginia or somewhere rural, $25k does not go very far. It's certainly not enough for a family or even a couple to live off of.

[stevesofia]

It is my dream and now I have to work hard to complete this goal. Thank you for sharing. Great video!

[ss20ts]

One medical problem and that $25K a year will be gone in 30 seconds.

[LevelUP]

For a lot of people, it's not about retirement. It's about freedom.

The freedom to do:

• whatever you want
  
• whenever you want
  
• wherever you want
  

[dfrecore]

For a lot of people, it's not about retirement. It's about freedom.

The freedom to do:

• whatever you want
  
• whenever you want
  
• wherever you want
  

I'm going to say that if you make $25k per year, you cannot afford to do whatever you want.

[rachel83az]

Assuming everything is paid off, I wouldn't feel comfortable with less than $50k/year average. Even then, that's iffy. $50k might be "too much" right now, but how much are things going to cost in 10 years? 20? 40?

Even if $25k theoretically works right now, all you're really doing is buying a few years of unemployment before you have to attempt to return to a job in a career that has forgotten you.

[ss20ts]

For a lot of people, it's not about retirement. It's about freedom.

The freedom to do:

• whatever you want
  
• whenever you want
  
• wherever you want
  

If you're making $25K a year, you don't have freedom to do squat unless you're a nomad and then I'm wondering how you're earning $25K a year. This is below poverty so this is just unrealistic unless you still live with your parents or they buy you a house/pay your rent. And then you're not really living on $25K a year. You're living on someone else's dime. 

I pay around $2500 a year in utilities so that's 1/10 of those funds already gone. Internet is $1020. Cell phone $1170 (for 2 phones). Already at close to $5K and haven't even talked about food, car insurance, car payments, healthcare, rent/mortgage, etc.

[bjcheung77]

There's always a give/take in all situations, people just need to find their medium, here's a couple CNBC Make It articles and videos...

1) 28 year old living in dumpster, what interest me is the lady in the bottom video who owns a $35K back yard tiny property
Link: https://www.cnbc.com/2023/04/29/28-year-...nside.html

2) 22 year old who earned $2M in scholarships, what interests me is the lady in the bottom video who makes just $27K and lives in my home town of Seattle. I remember about two decades ago, I was pretty much doing the same thing. Link: https://www.cnbc.com/2023/05/06/how-a-22...-free.html

[LevelUP]

I pay around $2500 a year in utilities so that's 1/10 of those funds already gone. Internet is $1020. Cell phone $1170 (for 2 phones). Already at close to $5K and haven't even talked about food, car insurance, car payments, healthcare, rent/mortgage, etc.

You can get Cell Phone service for $15 per month per phone.
You can get car insurance for $30 a month in some areas.

[rachel83az]

How much can you actually use a $15/mo. phone? I've looked at things like Mint Mobile where the promise is something like $15/mo... but you run the numbers and, for how much data I'd want to use, it would've cost something like $100/mo.