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Spend less money, save more money, then retire. I'm retired at 42 and I hardly had a top shelf career, middle of the pack at best. Even if you're starting at
by zhivota 7d ago
Spend less money, save more money, then retire. I'm retired at 42 and I hardly had a top shelf career, middle of the pack at best. Even if you're starting at zero you can do it in 10 years very easily, 5 if you haven't spent every dime up till now and you are aggressive.
- bdamm 7d agoDo you have kids?
- zer0zzz 7d agoThe answer to this question seems obvious. There are no 42 year olds that retire by merely "saving and not over spending" when even one child is involved.
- fragmede 7d agoYes there are. My brother in law sold his startup and is sufficiently retired while raising my nephews. Not a common case, by any stretch of the imagination, but it's not zero.
- zer0zzz 7d agoI used my words carefully when I said "retire by merely 'saving and not over spending'". Your brother in law did not merely save and not over spend, he built a business and sold it for a large payout.
- zhivota 6d agoNope. Before the kids we had an incredible savings rate. Sometimes around 80-90%. Now our spending is much higher but the growth of our investments over the last 10 years has been incredible and outpaced that by a large margin. For a while I thought some startup stock I had was going to fund a lavish retirement but then AI largely destroyed the value of those shares so we're just planning on the boring index funds.
- zer0zzz 6d agoI said “saving and not over spending”; do folks on HN really have trouble with reading and comprehension? I said nothing of investments and growth.
- zhivota 6d agoMy apologies, I thought it was obvious that if you saved 90% of your salary, you would, in fact, then invest it.
- zer0zzz 5d agoAhh, I see what you mean. When I read the original comment it seemed like a regular save and spend less approach. If some saving in index funds was obvious, I am sorry for my assumption.
- zhivota 6d ago2 kids.