I won't. While monetary benefits are just one way of seeing work, I just love working. And I don't think I'll be happy without doing what I love. So retirement isn't my cup of coffee. :)
Totally! Retiring on $1 million in my country is sth absolutely doable! but hey, I'm in my 30s, making that cash ain't that easy, haha! Gonna keep hustling and living it up for now.
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@goff_jira yeah keep the hustle going. Meanwhile what country are you from?
There is the 4% rule, popular in the FIRE movement (Financially Independent, Retire Early). It is a rule of thumb of how much you can withdraw from your portfolio per year, taking into account future returns and a 30-year retirement horizon.
So, roughly, will you get by with $40,000/year? If so... maybe you could?
Even within the same country, if you live in a big city versus countryside the cost of living is vastly different. So your milage may vary.
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@stpe this makes a lot of sense. I agree it’s also hugely dependent on the country one is in
No. Definitely not with a family in the US.
I tried "retiring" for a year about 6 years ago, and living off the income of my digital products. I realized it is more exciting to be building.
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@bryanmcanulty definitely more exciting to be building for sure.
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in the Philippines, YES!
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@novie_dizon I agree. It’s gonna be more than enough to live decently
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$1M is where you can start scaling, but not to retire!
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