Dreamweaver
Dryer sheet aficionado
- Joined
- Nov 5, 2008
- Messages
- 37
... in about 15 years.
I often visit Yahoo Finance and came across the amazing article by Laura Rowley, expert columnist of Money & Happiness, on the 29 year old retiree Madison DuPaix. This article now seems to be mysteriously absent from Yahoo Finance, but when I read it a few days ago, I wondered how did she do it? What did she do differently than me because we're pretty close to the same age? I visited her website and had a couple questions as I'm a numbers person and the numbers weren't adding up for me. I even emailed her, but I think she's too busy responding to posts on this forum. I saw she generated quite a healthy discussion here. Nevertheless her website recommended this forum, and I think this forum is absolutely great.
This forum really seems to bring together lots of information and perspectives and filters out the BS. I, and probably everyone here, have read quite a few "finance" books that really seem to push get-rich-quick schemes on what's hot, whether its tech stocks, real estate, pyramid schemes... without talking too much about the risks. The only book I've read that seems to make sense to me is a Millionaire Next Door style early retirement, and this forum really seems to encourage that lifestyle.
A little about me... finished paying off all my debt this year which I'm thrilled about, except for one type of debt which I just took on this year, the mortgage! Glad to be owning (with my long-time girlfriend) and not renting, and I'm throwing in some extra each month to pay that thing off early. Work is ok, has its good moments, but would rather be enjoying life and perhaps doing something more meaningful. Flexibility and independence sound great. According to my spreadsheet, I have about 15 years to go. My assumptions may need some adjusting after this market but I figure I'm buying cheap so it'll all work out over the years. I see my parents struggling and wishing they could retire, and I'd like to ensure I enjoy a better fate. Just tonight I think I figured out the lingo so that I can say my plan is LBYM so that I can FIRE... and I'll look forward to learning and sharing on this forum.
I've seen a lot of specific questions on this forum about particular topics like investments or expenses, but would like to ask the big question of how do people do it? Outside of the general rule of LBYM, are there examples and case studies out there of people who are willing to share their stories (in perhaps a little more detail than Madison DuPaix) so I can learn from their success?
I often visit Yahoo Finance and came across the amazing article by Laura Rowley, expert columnist of Money & Happiness, on the 29 year old retiree Madison DuPaix. This article now seems to be mysteriously absent from Yahoo Finance, but when I read it a few days ago, I wondered how did she do it? What did she do differently than me because we're pretty close to the same age? I visited her website and had a couple questions as I'm a numbers person and the numbers weren't adding up for me. I even emailed her, but I think she's too busy responding to posts on this forum. I saw she generated quite a healthy discussion here. Nevertheless her website recommended this forum, and I think this forum is absolutely great.
This forum really seems to bring together lots of information and perspectives and filters out the BS. I, and probably everyone here, have read quite a few "finance" books that really seem to push get-rich-quick schemes on what's hot, whether its tech stocks, real estate, pyramid schemes... without talking too much about the risks. The only book I've read that seems to make sense to me is a Millionaire Next Door style early retirement, and this forum really seems to encourage that lifestyle.
A little about me... finished paying off all my debt this year which I'm thrilled about, except for one type of debt which I just took on this year, the mortgage! Glad to be owning (with my long-time girlfriend) and not renting, and I'm throwing in some extra each month to pay that thing off early. Work is ok, has its good moments, but would rather be enjoying life and perhaps doing something more meaningful. Flexibility and independence sound great. According to my spreadsheet, I have about 15 years to go. My assumptions may need some adjusting after this market but I figure I'm buying cheap so it'll all work out over the years. I see my parents struggling and wishing they could retire, and I'd like to ensure I enjoy a better fate. Just tonight I think I figured out the lingo so that I can say my plan is LBYM so that I can FIRE... and I'll look forward to learning and sharing on this forum.
I've seen a lot of specific questions on this forum about particular topics like investments or expenses, but would like to ask the big question of how do people do it? Outside of the general rule of LBYM, are there examples and case studies out there of people who are willing to share their stories (in perhaps a little more detail than Madison DuPaix) so I can learn from their success?