Living the Good Life on $24,000 a Year? Retire in Your 20’s or 30’s?

[rachel83az]

Agreed, you never know what life can bring. Some people can wind up with a property tax bill that costs several thousand a year after property values in the area go up and their property is reassessed. Or maybe you buy a house now and in 10 years it gets seized by eminent domain for a public works project. They'll compensate you, sure, but not what it's actually worth. So, now you're homeless and only have maybe 80% of the money it now takes to buy another home.