I thought about it because of two things that caught my mind
In fact, it forfeits the ambition of most professional life: sacrifice like crazy in your 20’s – 30’s to reap the benefits thereafter.
The blog that was linked to in another thread about the software engineer who retired in his late thirties, and lived in tiny apartments and bicycled to work every day just to achieve it
Don't get me wrong. I fully agree with the concept of living like a resident for the first few years in order to pay back loans and build up a cushion of ready cash. I also agree that a 20-30 % savings rate is good.
But why sacrifice more just to retire early. You get to be in your twenties and thirties only once. Those are the times you are in good physical condition and can travel easily to areas not suited for older adults. Or enjoy the pleasures in life as long as the total amount is reasonable. So why sacrifice things for your spouse, kids and yourself just to say "I am financially independent and can retire in my thirties and forties". Why not save at a steady pace, enjoy all of life and retire a bit later but have a more rounded life.
In fact, it forfeits the ambition of most professional life: sacrifice like crazy in your 20’s – 30’s to reap the benefits thereafter.
The blog that was linked to in another thread about the software engineer who retired in his late thirties, and lived in tiny apartments and bicycled to work every day just to achieve it
Don't get me wrong. I fully agree with the concept of living like a resident for the first few years in order to pay back loans and build up a cushion of ready cash. I also agree that a 20-30 % savings rate is good.
But why sacrifice more just to retire early. You get to be in your twenties and thirties only once. Those are the times you are in good physical condition and can travel easily to areas not suited for older adults. Or enjoy the pleasures in life as long as the total amount is reasonable. So why sacrifice things for your spouse, kids and yourself just to say "I am financially independent and can retire in my thirties and forties". Why not save at a steady pace, enjoy all of life and retire a bit later but have a more rounded life.
Comment