How to retire at Age 35 by Consuming less

I had a nice long post written out, but I'll keep this one simple.

If you don't have a full-time job, the government charges you 80% tax on ALL money that you make.

Quote from kidroach : Would you care to suggest some activities then? Cause I can't think of anything.

You seriously cant think of anything to do? maybe society somehow warps peoples minds when they get on the never ending work<--->consume hamster wheel.

Quote : Vacations would be the biggest thing most people would like to do. Guess what? Vacations = money. Those plane tickets aren't cheap, even if you do back-packing and couch-surfing. Food isn't cheap either when you're traveling. The lifestyle is just not practical.

vacations make up such a small amount of time that its almost irrelevant. most people i know spend about 15 days per year on vacations away from home. they dont spend a lot of time planning how to do it on a budget. this is because they spend the whole year stressed out bouncing around like a pinball trying to maintain their lifestyle, manage 10-12 hrs at a job they dont like, kids, parents, traffic, fast food, home/car maintenance, wife, etc, etc, etc.....the last thing they want to do is budget/plan for a vacation down to the last dollar. vacation is the time for them to get out of the rat race - it needs to be as simple and painless as possible. thus, they pay whatever it takes. while there, they probably hit up the common attractions that are designed to extract the maximum amount of money from their wallet. someone that isnt shackled to so much stress doesnt need to unwind quite so bad and they can plan it out at their leisure.

Quote from kidroach : That vacation doesn't sound like fun at all. Have you personally done this? Was it fun? If you love going to the beach so much, why not move to a state like Hawaii or something? And I love how you keep dropping this line: When "Retirement" is anything from talking with friends all day, volunteering, to volunteering on lecturing your expertise to students, to taking a 10 mile walk, to surfing, to backpacking across Europe for a Year with your Wife. Let me tell you something. No students in the country will listen to you talk if they know you make $10k a year. lol The younger people are, the more they aspire. Your life is reserved for people who have no ambitions and want nothing more than to retire and live. Like I said, you're totally entitled to your opinion. If you want to live like a bum, by all means go for it! When your kid gets a career day at school and have you present to the whole class, what do you say? I'd love to be financially independent, and I'm taking steps in frugality and learning about the stock market, investing, taxes, etc. Albeit not as extreme as you. Then again, my goal in life is not retirement. At 35, I hope to be financially independent and working in a company that I own. I'm an engineer by trade and hopefully, by the end of my career I'd have done something useful for future generations. I like to think that I have inspirations and ambitions. I'd like to someday be someone people actually remembered, not just the guy who make enough for himself and his family and leave this [dailyfinance.com]kind of things after a dinner.

spending a lot of money on a vacation doesn't necessarily make it more fun. i know people who would be bored out of their mind on a $20,000 vaction across europe yet they love going to the local beach on a $750 vacation.

why does the word 'aspire' have to be linked to money? its as if those that arent trying to do things that bring in wealth have no aspirations. why should someone living on a meager amount of money be called a bum and embarrassment to their children? as long as they provide what is needed, who cares how much they make. some people can aspire to have more knowledge and harmony with the world around them or to be a better person, better son, better parent, etc.

and whats the big deal about being remembered? how many of us actually remember people from 200 yrs ago? we might remember what a select few did or invented but we dont remember them as a person.

Please tell me what you can buy and cook for a whole month on $75. The fact that you can't even afford fast food is... oh screw it i'm being trolled.

Quote from ViciousTide : More like spending 75$/ month on food by buying and cooking meals at the apartment. You can socialize and hang out with people, doesn't mean you have to pay "overpriced" services and meals for every meal. To me going to restaurants is a waste of money when done every day, even fast food. Once or twice a month is affordable. Else just cook your meals at home on vacation. Downside to Hotel rooms is they mostly don't have kitchen appliances to cook your own food. I wonder why? Because they want you to SPEND MONEY eating out. Don't be a sheeple consumer while on vacation. "When you have to show up to a fixed location 5 days a week it makes it difficult to just up and travel the world. But, when you're financially independent you could literally go on a long-term travel spree. you could stay indifferent cities throughout your own country, getting to know different geographical areas and filling your brain with woderful memories of experiences that most people can only dream of. Or., you can travel to different countries. There are many ways to trael cheaply, and many countries out there that are likely cheaper than the one you currently live in. I know that compared to the U.S. there are countries like the Phillippines, thailand, or Ecuador tha can be 50% cheaper across the board. Japan is actually more expensive if you plan on spending money left in right, because it's almost like paying double for luxury services like eating out every single day. Vacation isn't about spending money to be extremely happy.

OP sounds more and more like someone who has always spent most of his life putting in more effort to get out of work than it would take to just do the job. Most likely he can't hold a job long enough to ever claim to having a career. He probably just uses all of this FI nonsense as a way of rationalizing to himself why he is chronically unemployed while his wife goes to work every day to support the family.

Quote from Iaaaiws : OP sounds more and more like someone who has always spent most of his life putting in more effort to get out of work than it would take to just do the job. Most likely he can't hold a job long enough to ever claim to having a career. He probably just uses all of this FI nonsense as a way of rationalizing to himself why he is chronically unemployed while his wife goes to work every day to support the family.

I studied hard in High School, studied hard in College with a very hard but rewarding major (electrical engineering), got 3 job offers, picked the best one with considering many work and life criteria,
bought a few high quality, luxury items, that are now a decade old and still working just fine. Learned that not all luxuries/services/electronic products make you happy every day. Learned how Government/Big Corporations earn profits from the taxing of hard labor of others below them, when those at the top don't work that hard themselves. They just sell their Brand Name and minimize risk for overinflated rewards and BS around with Power and Managemental roles. Yelling or enforcing fear by threatening to fire employs gets them to work harder for less pay, and/or giving them a max of 3% raises each year to keep their moral up, when the managers are earning 10-120% from those employees they oversee and control.

The real money for CEO's are in the stocks, and future dividend payouts of the company, that common employees don't EVER receive.
Learned how to be Frugal and Still very Happy. Challenged my "norms" of life, and learned what my levels of deprivation are, and what makes me happy in Life.
Learned how to invest wisely and conservatively with dividend growth Stocks. Learned about Financial Independence and breaking free from the mental trap of working-consuming- and being taxed for all your life. Learned a Solution toward Financial Independence and Complete Freedom. Learned how to be more of a Creditor then a Debitor. Learned about real estate and rental properties. Learned about the fundamentals of Companies and if a company is solid for it's future growth and earning. Learned Month to Month trading and how it's better then Day to Day trading with 10% of my taxable Portfolio. Became Financially Independent with margin for month to month trading

BTW, Wife is FI also.

You should maybe learn how to be, or continue to work and consume and be taxed for working and consuming if that makes you happy. Always wanting more and more and more, and working more and more and more.

Quote from qtbrye : Please tell me what you can buy and cook for a whole month on $75. The fact that you can't even afford fast food is... oh screw it i'm being trolled.

See thread.

It's healthier not to eat fast food.
But, if you want to spend time commuting to the restaurant, pay money to drive to the drive thru, wait 7 min for service, pay $5+ tax for One 1/4lb hamber with toppings serviced by a 16 year old who now can't spend time studying harder or time with their parents, then pay gas and spend time commuting home or to the mall,

then that'll cost you another $278.20 a year to do once a week, $556.40 twice a week, etc.

meaning you'll need to save and invest $9273.33 @ 3% returns to afford or be financially independent from that expense/habbit. ($3974.29 if you learn about investments and get a return of 7%)

So how fast can you save $9272.22? Depends on after tax income and your frugal or overconsuming spending.

You're an idiot.

Quote from kidroach : That vacation doesn't sound like fun at all. Have you personally done this? Was it fun? If you love going to the beach so much, why not move to a state like Hawaii or something? And I love how you keep dropping this line: When "Retirement" is anything from talking with friends all day, volunteering, to volunteering on lecturing your expertise to students, to taking a 10 mile walk, to surfing, to backpacking across Europe for a Year with your Wife. Let me tell you something. No students in the country will listen to you talk if they know you make $10k a year. lol The younger people are, the more they aspire. Your life is reserved for people who have no ambitions and want nothing more than to retire and live. Like I said, you're totally entitled to your opinion. If you want to live like a bum, by all means go for it! When your kid gets a career day at school and have you present to the whole class, what do you say? I'd love to be financially independent, and I'm taking steps in frugality and learning about the stock market, investing, taxes, etc. Albeit not as extreme as you. Then again, my goal in life is not retirement. At 35, I hope to be financially independent and working in a company that I own. I'm an engineer by trade and hopefully, by the end of my career I'd have done something useful for future generations. I like to think that I have inspirations and ambitions. I'd like to someday be someone people actually remembered, not just the guy who make enough for himself and his family and leave this [dailyfinance.com]kind of things after a dinner.

But a lot of Post-students want to learn how to leave their jobs!!!

And all Adults wish to Retire when they are 60 right!

Again I am not Retired at 35, just Financially Independent, now Mondays are like = sleep in, jog with wife, laugh, educate the daughter, play with the daughter, cook lunch and dinner, eat with family, read a textbook on Solar Magnetic Reconnection from the library, maybe read the news online, etc.

If you want to be FI at 35 and then work at Starting a Business, then that's Great! That's like planting a Tree in your spare time.

Just don't let the Start up consume 40+ hours per week of your life!
What's the point of earning 6 Billion a year, when you have no TIME left? Or Time to enjoy the Free things in life, like Love?

Quote from DWad : You're an idiot.

Your definition of Idiot is a very wealthy man, who earns enough from his wealth to cover his yearly expenses so he has absolutely every minute of his life to do whatever he pleases with whom he loves.

Quote from DWad : I had a nice long post written out, but I'll keep this one simple. If you don't have a full-time job, the government charges you 80% tax on ALL money that you make.

So all the bums and retirees get tax 80%? lol

Check this article out,

http://www.mrmoneymustache.com/20...etirement/

The lovely low taxes of early retirement...


Don't worry, your Passive incomes get taxed a little. Next year all Americans will get taxed a little or a lot more!

Making Passive income is considered your job.

Dude that's not the point at all.
This is boring now. sigh

Quote from ViciousTide : See thread. It's healthier not to eat fast food. But, if you want to spend time commuting to the restaurant, pay money to drive to the drive thru, wait 7 min for service, pay $5+ tax for One 1/4lb hamber with toppings serviced by a 16 year old who now can't spend time studying harder or time with their parents, then pay gas and spend time commuting home or to the mall, then that'll cost you another $278.20 a year to do once a week, $556.40 twice a week, etc. meaning you'll need to save and invest $9273.33 @ 3% returns to afford or be financially independent from that expense/habbit. ($3974.29 if you learn about investments and get a return of 7%) So how fast can you save $9272.22? Depends on after tax income and your frugal or overconsuming spending.

My definition of an idiot, in this particular case, is a person that thinks that they know what is best for everyone, and tells everyone what they 'should' be doing, even though he himself did not follow his own advice.

My definition of an idiot is someone who gives investment advice to others, when he CLEARLY does not understand how investments work.

My definition of an idiot is someone who BLATANTLY lies on an internet forum to try to tell people how to live their life.

My definition of an idiot, today, it the OP.

OP.. you're an idiot.

If becoming FI and retiring at 35 means you have to turn into a complete goober like the OP--someone who everyone hates being around because all they do is preach their personal religion-in this case how to run their financial and personal life--then I will pass.

I have had friends in the past who were obsesses with crap like this and eventually everybody avoided being around them and even made excuses to not have to talk to them for long. It is slightly interesting the first or second time you hear it but like this thread it just gets stupid after a while and everybody stops listening. It kind of reminds me of sitting through one of the old Amway meetings back in the 80s that was going to turn everyone rich.