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Old 12-22-2019, 12:27 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,345 posts, read 8,557,056 times
Reputation: 16679

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Quote:
Originally Posted by SaraR. View Post
Cannot conversations remain theoretical?

It doesn't matter how or why he has the money.

Let's just go off of the fun, possibly imaginary numbers b/c curiosity is killing me
You can do theory if you present numbers and demonstrate how it works. We don’t know if he actually has the money.
Throwing out numbers which he constantly changes on his posts isn’t much fun.
If you want fun, pretend how your life would be if someone gave you a few million.
There’s fantasy then there’s telling people how you can make it on 400k, 500k, 700k, 750k, 800k (depending on which post you are believing that he made) and a actually demonstrating how it could work.
If he says he lives on 10k a year, great, but maybe he is leaving out things like utilities or food in that budget.
All we ask is how the numbers break down which he refuses to dilvulge.

 
Old 12-22-2019, 12:32 PM
 
12,547 posts, read 9,927,676 times
Reputation: 6927
Quote:
Originally Posted by aslowdodge View Post
You can do theory if you present numbers and demonstrate how it works. We don’t know if he actually has the money.
Throwing out numbers which he constantly changes on his posts isn’t much fun.
If you want fun, pretend how your life would be if someone gave you a few million.
There’s fantasy then there’s telling people how you can make it on 400k, 500k, 700k, 750k, 800k (depending on which post you are believing that he made) and a actually demonstrating how it could work.
If he says he lives on 10k a year, great, but maybe he is leaving out things like utilities or food in that budget.
All we ask is how the numbers break down which he refuses to dilvulge.
I made it on 400k, 500k, etc etc.

I’m not just telling. I was raised by the internet majoring in logic, efficiency and argumentative prose.
 
Old 12-22-2019, 03:05 PM
 
1,142 posts, read 578,482 times
Reputation: 1559
Quote:
Originally Posted by aslowdodge View Post
You can do theory if you present numbers and demonstrate how it works. We don’t know if he actually has the money.
Throwing out numbers which he constantly changes on his posts isn’t much fun.
If you want fun, pretend how your life would be if someone gave you a few million.
There’s fantasy then there’s telling people how you can make it on 400k, 500k, 700k, 750k, 800k (depending on which post you are believing that he made) and a actually demonstrating how it could work.
If he says he lives on 10k a year, great, but maybe he is leaving out things like utilities or food in that budget.
All we ask is how the numbers break down which he refuses to dilvulge.
Fair enough
 
Old 12-22-2019, 03:14 PM
 
21,109 posts, read 13,549,565 times
Reputation: 19722
Didn't you already have a thread about this?
 
Old 12-22-2019, 03:20 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,345 posts, read 8,557,056 times
Reputation: 16679
Quote:
Originally Posted by eddiehaskell View Post
I made it on 400k, 500k, etc etc.

I’m not just telling. I was raised by the internet majoring in logic, efficiency and argumentative prose.
Yet you learned nothing from it except that you can post up anything you like whether true or not.
 
Old 12-22-2019, 03:54 PM
 
12,547 posts, read 9,927,676 times
Reputation: 6927
Quote:
Originally Posted by aslowdodge View Post
Yet you learned nothing from it except that you can post up anything you like whether true or not.
I’m flattered to have a story that’s unbelievable.
 
Old 12-22-2019, 05:02 PM
 
7,066 posts, read 4,510,340 times
Reputation: 23080
He’s had a bunch of threads on this. On Mr money mustache people sometimes post their case studies in great detail and ask if they can fire? Those are believable because they show all assets, debts, how much saved, how much more they intend to save. Those are interesting because they are based on all the facts. So for people looking for guidance on how it’s done that’s a great blog and forum.
 
Old 12-22-2019, 05:13 PM
 
12,547 posts, read 9,927,676 times
Reputation: 6927
Quote:
Originally Posted by Teacher Terry View Post
He’s had a bunch of threads on this. On Mr money mustache people sometimes post their case studies in great detail and ask if they can fire? Those are believable because they show all assets, debts, how much saved, how much more they intend to save. Those are interesting because they are based on all the facts. So for people looking for guidance on how it’s done that’s a great blog and forum.
Everybody has a story and everybody has a different socioeconomic background. Hard to replicate — like how you could invest in the same stocks as someone else years later but that’s no guarantee you’ll make the same money. The ship has most likely sailed.

I’m simply boiling it all down to a number.

ERT (early retirement trinity) looks at nest egg, income and expenses.

If the ratio is right, one can be self sustaining in the United States — yearly income could be scary low (under $12,000) ...just depends on how you live.
 
Old 12-22-2019, 05:39 PM
 
2,761 posts, read 2,227,987 times
Reputation: 5600
Quote:
Originally Posted by eddiehaskell View Post
If the ratio is right, one can be self sustaining in the United States — yearly income could be scary low (under $12,000) ...just depends on how you live.
More like WHERE you live. Didn't you pay 50-75K for your house? That itself should explain how everything else is so cheap where you live.
 
Old 12-22-2019, 05:44 PM
 
5,907 posts, read 4,427,522 times
Reputation: 13442
Quote:
Originally Posted by Stockyman View Post
More like WHERE you live. Didn't you pay 50-75K for your house? That itself should explain how everything else is so cheap where you live.
The “professor” *snicker* lives in an ivory tower.

Where 400 to 800k invested in a 3.5 percent returning account kicks off a lousy 25k that apparently isn’t subject to massive inflation risk. He’ll still be drawing 25k in 40 years...and be just fine!
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