178
Would you retire at 30 and live frugally? (lemmy.world)
submitted 1 year ago by to c/asklemmy@lemmy.world
132 comments fedilink hide all child comments
 

If you had the money to retire at 30, your savings would be invested and on an average year your earnings would cover your expenses. You would have health insurance, so no worries there. The only catch is that you would have to keep your expenses at 65% of what you spend right now. Would you take it, or would you rather work a few more years for a better lifestyle and financial security?

you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 1 year ago

I was pretty close to this option, but in the end we moved to a much nicer house. So now our expenses are a lot more. I don't regret it, it's a much better place to raise kids.

I did took a sabbatical for about a year, and will probably do that again in 5 years or so. It doesn't have to be a binary option, you can do sabbaticals (mini retirements) and still work.

  • permalink
  • fedilink
  • source
    •