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Old 02-05-2008, 11:34 AM   #101
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We're hoping to raise our children to already be in ER as they start work. By putting everything they earn into savings/investments, and living off of only the interest.
I presume you mean "we're hoping to raise our children to be working towards FIRE as soon as they start work". Otherwise, I don't understand the above (how can someone start work and simultaneously enter early retirement?).
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Old 02-05-2008, 12:00 PM   #102
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I presume you mean "we're hoping to raise our children to be working towards FIRE as soon as they start work". Otherwise, I don't understand the above (how can someone start work and simultaneously enter early retirement?).
Yes, I guess it may be better put that way. Keep in mind that if I had saved all my income when I was a kid until I left my parents house I could have lived off of the interest alone (which would have paid for rent/utilities/food. While I was single. Although I did earn about $12/hr when I moved out of my parents house (at 23).
One caveat. I was also in the service for a couple of years, wherein I rarely spent any of the money because I hardly ever went off base.
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Old 02-05-2008, 03:31 PM   #103
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I was also in the service for a couple of years, wherein I rarely spent any of the money because I hardly ever went off base.
I know all about that!
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Old 03-17-2008, 01:50 PM   #104
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Milton, the bio on Saint-Exupéry's is pretty amazing. Seems light a romantic character looking back.
News item: BBC NEWS | World | Europe | Wartime author mystery 'solved'.
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