Cant wait to stack up enough to reach 4% withdrawal rate.
Couldnt care less about a career. I just wanna live spartan, read, take long walks, cook slow food, do yoga, travel by bike, mediate and get away from stressful big city and pollution. Wanna be able to turn my phone off for days.
Who else is working towards the permanent portfolio 4% solution?
Other urls found in this thread:
pastebin.com
coinmarketcap.com
twitter.com
i don't know what fucking gay meme your talking about, I'm just making as much money as I can
Good goyim. Keep running for them shekels. Too much is never enough.
why are you posting here if you're doing anything different?
Don't know what you even mean.
What the fuck is a permanent portfolio. That sounds like some really heavy bags.
4%'s only tested for a 30 year timeframe. 3-3.5% is what you'd need for retiring earlier than that without lifting a finger ever again.
>do yoga
>instead of lifting weights
what the fuck?
great to hear. But also depends on inflation.
What coin is this ?
3% of what?
I have $300,000 and I'm 21. i'm thinking about doing this. Is this enough? How much do I need?
I'm quoting figures from the Trinity Study (and the researcher who did it), which used a 60/40 stock index fund/bond portfolio from like the 1870s to the present day. For every $100,000, you could withdraw $3-$3.5k in constant real value per year without having to touch the principle.
Need a bit more. I just hit $420k, 31, and you'll take your yearly expense and divide it by 3.5%. So for me living in bumfuck no where, $20k/yr. expenses at 3.5% is about $571k. That is living on a tight budget but if you pick up odd jobs and shit, the freedom is worth it.
So this coin is proof of stake
I am !
Harry B ftw ! :)
600k for 3k a month is my goal
How much do you make a year? How much are you able to save/invest?
I want to do this so badly. I will never be content until I have "fuck you money" or enough to retire whenever
Put together a spreadsheet where each row is a year of your age, then add columns for salary (previous year's salary + whatever raise), expenses (previous year's expenses + whatever inflation), savings (salary - expenses), investment (savings + previous year's investment * rate of return), and retirement income (investment * 0.035 or whatever).
Then drag the rows down and badda bing badda boom, you're done.
So I'd need 10 million dollars to withdraw $100k a year?
How did you calculate that? more like 3 million for 100k before tax
Oops I meant 3 million. I guess I need 6 million due to taxes.
Thats my goal as well. Didnt realize how bad I wanted to retire until this year, but I do. Since then its all been amount accumulating and saving. Its all I think about now.
I'm gonna make it simple for you goys
Unless you want to live like a poor fella
you're gonna need 1.7M at roughly 25 (adjust depending on your age)
3M lets you lively quite nicely
5M very nicely, in terms of living expenses you probably wont need above this to cover it
10M+ you'll probably just end up spending that money in other investments
If somehow you are taxed 50% on $100k worth of non-employment income (bond interest + long term capital gains), then yes.
You'd also be in some sort of socialist hellhole like California, so I recommend moving.
That graph, jesus christ. "The virgin wagecuck".
I'm hoping referrals will be my passive income for this year.
See? Us wagies can "10x" too. In only twenty years!
this. the brackets dont work like that, don't really know for burger but at a rough estimate would clear 85 off 100
I'd be taxed 25%. How much do I need to take home $100k per year?
something like 135... why would you be taxed 25% flat though?
1) Where the fuck do you live?
2) Do you understand how tax brackets work? Protip: You can never "lose" money by earning more money that puts you in a higher bracket.
Half of the top tax bracket which is around 50%
Ok so I'll need 4.5 million. I think I can do that with Crypto plus wages. And that's leaving the whole 4.5 million to my family when I die. If I want to leave nothing it would be less.
I guess so, if you've worked the brackets out properly, I'm not sure that you have
Inb4 30 year Japanese-Style bear market hits.
Couldn't the "stocks" portion of the portfolio just be internationally diversified? Then that sort of risk drops to basically 0.
mostly this, but it's still not really ideal to just income too much and eat a high rate for no reason
it better be.
Otherwise, one would be like these 20-something enthusiastic Japanese people who started investing in the late 80's and now that they are 60 have literally no return to show for.
how is this sustainable or reliable in an environment like crypto?
Japan just has an autistic home country bias. Note: Burgers investing in a purely "domestic" S&P 500 end up getting some international exposure by default due to multinationals and shit.
Just turned 19 and got 800k saved up. Is this enough?
Japanese save like 50% of their paycheck in a savings account. Stocks are too risky.
Can't answer that without more info.
Where do you want to live? Use Padmapper or Zillow to lookup rent & house prices, then cost of living calculators for other shit. That should give you a ballpark figure for expenses living on your own.
but what exactly do you do with that money? how much does that mean annually?
because their fucking wives blew it up going all in
look up 2008
Yes, look at it in OP's picture...
>what is inflation
about half a percent in japan
I know how to make a spreadsheet, I spend probably an hour messing around in excel every day.
I'm not employed, I just got discharged from the army about a week ago and university doesn't begin until fall. Makes it hard to calculate a savings, let alone salary..
Anyway, anyone /frugal/ here? How much do you manage to put away every month?
Crypto (high risk/high return) is where you make the bank roll. Keep some play money in crypto but you have to build a permanent portfolio outside crypto for it to actually work
I was shilling pfr and prl here for you on /biz since both were 0.07 and 0.01 respectively. Get profit on egas and make me (and you) rich.
Take a look@ coinmarketcap.com