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by koolba 1969 days ago
Only if you learn to permanently live as a miser. You might have acquired the skill by necessity, but it takes a strong will to keep it up once you have income flowing.

The basic math of it would be to earn X, and live off of X/5 (both after taxes). After 10 years you’ll have 40+ years of income accumulated. There’s some additional complexities with health care, but the core plan is to earn, not spend a dime, and get used to it.

1 comments

This comment should be on top. Most of the FIRE people I know have most of their basic necessities paid by the company they work for (house, car, phone, etc...)

That's the easy way to do it.

What type of company pays for the house other than the military?
"Paid by the company they work for" probably means people pay off their mortgage, car loan etc. via the salary that their company pays them.
Isn't that literally just "a job"?