How these penny-pinchers retired in their 30s
- Thread starter OfTheCross
- Start date
CinnaSlim
Queen of Swords
Him and his wife had engineering jobs.
Was reading an article of high career individuals who decide to get out of the rat race by their 40s. They work high finance/tech positions for a about 10-15 yrs while aggressively saving and retire early. Not that they stop working, but they working to pay bills and such. Really, once you pay off your house your good (student loans for the younger generation).
Rickdogg44
RIP Charmander RIP Kobe
Do you have a link? I can totally see it. I'm in my upper 30's
And I totally see it. I've been doing this for 13 years or so... It is soul sucking 
Do you have a link? I can totally see it. I'm in my upper 30's
I'd read the following:
Mr. Money Mustache
financial independence / early retirement
Do you have a link? I can totally see it. I'm in my upper 30's
How to Retire in Your 30s With $1 Million in the Bank
$1 milly doesn't really hold a lot of weight anymore nowadays, you'll blow through that in a few years unless you living frugal.
Like one of the posters said, having a house paid off is what will set you right - and of course, not having any unsecured debt. Get you a nice reliable car, and your good to go.
I think retire here, is used more so in the context of leaving the "rat race". 1 million is sum of money if you have your house paid off.
When i think of retirement - i don't think of "never working again". But more, financial freedom (no CC, car payments and the big one - NO HOUSE PAYMENT).
If you got all three dialed all the way in, you good to go.
Work a nice job with no stress and just take it easy. A lot of poeple work themselves to death because of crazy debt and a house not paid for even into their 60's.
My pops was smart as fukk, breh bought a house back in the day and refinanced to a 15 year plan... he done paid that shyt off and retired civil service. He don't do shyt all day besides comb out his afro, talk shyt and swallow spit
When i think of retirement - i don't think of "never working again". But more, financial freedom (no CC, car payments and the big one - NO HOUSE PAYMENT).
If you got all three dialed all the way in, you good to go.
Work a nice job with no stress and just take it easy. A lot of poeple work themselves to death because of crazy debt and a house not paid for even into their 60's.
My pops was smart as fukk, breh bought a house back in the day and refinanced to a 15 year plan... he done paid that shyt off and retired civil service. He don't do shyt all day besides comb out his afro, talk shyt and swallow spit
This. That's the goal. Just not having any bills is such peace of mind.
Family Lives Matter
#FLM
I'm good work to pay off my mortgage at 30 then suddenly get cancer and I haven't done shyt with my life.
I'm at a good pace and will pay off my mortgage way before retirement and I live comfortably whilst still doing what I want plus I still have the opportunity to progress in my career.
I'm at a good pace and will pay off my mortgage way before retirement and I live comfortably whilst still doing what I want plus I still have the opportunity to progress in my career.
dora_da_destroyer
Master Baker
You can save 50-75% of your income when you have $100-200k+ jobs right out of college, no loans because your parents paid for school, and low mortgage because the down payment for your house your grandparents gifted you. Man, there’s a message board I post on with mainly tech people and a lot of engineers who do this come from money and the above circumstances. Takes more than just being frugal, the video didn’t dive into their incomes nor privilege upon their start to adulthood
And I don’t know, retiring in my 30’s would be kinda pointless, I can see by your mid to late 40’s being a good spot, but no one is gonna sit idle for all those years, so if you’re not someone with a passion/hobby or desire to have your own “business”, might as well work. Maybe opt for a low stress job - go be a government worker
- but no point of not collecting an income just because.
And I wonder how much he makes off his blog selling this dream to the average American.
And I don’t know, retiring in my 30’s would be kinda pointless, I can see by your mid to late 40’s being a good spot, but no one is gonna sit idle for all those years, so if you’re not someone with a passion/hobby or desire to have your own “business”, might as well work. Maybe opt for a low stress job - go be a government worker
- but no point of not collecting an income just because. And I wonder how much he makes off his blog selling this dream to the average American.
REdefinition
Superstar
5% interest on a mill is 50k per year which is doable for a frugal person. If you have the discipline to save a million dollars off a 9 to 5, I doubt you blow through your life savings in a couple years once you reach 7 figures.
TrebleMan
Superstar
This. People's circumstances play a substantial role and nobody tends to bring that up. People's financial obligations look different when compared to another person all around the spectrum.
The parts people keep stressing: having a good career and being frugal are only parts of that story.
In reality, very few people are fortunate enough to be in that position.
Last edited:
