This is about as thrilling as eating sawdust.<p>I'm really failing to see the point of this article. It's not like there's any particular insights in it. His net worth and retirement status is completely irrelevant to his spending habits.<p>It would've been a slightly more interesting article if it was a yearly breakdown, but a weekly breakdown doesn't tell us anything. The majority of that week's expenses was a hotel stay, which I'm sure is not a weekly expense.
Is this satire? It’s all so silly and over the top it kind of reads like it. Seems to skirt around the $3 million part too, which makes retiring feasible at any age (including 21 if you’re smart).
I'd be interested to know how much of the income is generated by his web properties, and, how reliable is their income in the future. If that goes away, can he still be cash flow positive?<p>Dividends from index funds might be 2%? The S&P overall generates about 2% dividends. Capital gains may double that, but are not reliable as the market goes through its cycles.<p>Interest from cash is likely 1% at best.<p>From the spending analysis, he's spending ~$6,000/month, or, $72,000/year. With a $3,000,000 net worth, his minimum cash return is 2.4%.<p>Assuming he's keeping up with inflation, which I'd say is really important given that he's likely got another 30+ years of retirement to fund, he should budget another 2%, and target 4.4%.<p>I've been stymied, like many investors seeking fixed income, by this protracted low interest rate period. Municipal bond yields are poor, all cash and govm't bonds have very poor yields. I tried peer lending, but was let down by the service company. So I had to get creative.<p>Over the last 3 years, I built a dividend portfolio that currently yields 6%. All the stocks in the portfolio have a history of at least 10 years of increasing dividends, and I expect that the 6% will increase by about 0.2% annually as they raise their dividends.<p>With all that said, it seems like he could get a better cash yield with a different mix of investments.
I am 40yrs old, and "shame-retired" with $1.5M in cash (still single and renting).<p>I say shame-retired because I still feel ashamed to say this out loud. Certainly to members of the opposite sex.<p>I live in a crazy-expensive city. So sometimes panic sinks in and I feel i am heading to a life of poverty. Especially thinking about my peers with 6-figure-$US equivalent salaries.<p>Am i crazy or a realist ?!<p>(To be clear, i have a CS degree, lots of experience, and can go back to tech but only as a developer drone...)
In today's interest rate environment with that kind of net worth you can, with very little risk, get 4%. "How I retired on $120,000/year of economic rents"
Are we supposed to be impressed by this? I'm rather confused. I believe my spending is more fiscally conservative than this guy. Granted I'm not retired, but I don't think he is either given that he appears to be writing articles to promote his websites...