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by aaren
4453 days ago
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Probably something like this: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-... The basic idea is that if you can save a fraction f of your income for the next n years, then you can live work free for the next n*f/(1-f) years after that. You do this by changing your lifestyle such that f is big and you enjoy your life. Then when you stop getting paid, you can happily carry on like that. Obviously you should increase your income as well! 7 years of work at 90% savings = 63 years worth of cash. Once you're saved a reasonable chunk of money (~$500k) it starts to look after itself (if you invest sensibly) and you can make it last indefinitely. |
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