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Old 11-06-2018, 03:57 PM   #41
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Some info about the author—sort of interesting imo. He’s early 40s and worked at Lehman Bros. His book about Lehman might be interesting.


From Bloomberg: Jared Dillian is the editor and publisher of The Daily Dirtnap, investment strategist at Mauldin Economics, and the author of "Street Freak" and "All the Evil of This World." He may have a stake in the areas he writes about.

From dailydirtnap.com, his website about his newsletter ($795/year, started in 2008):...He graduated from the United States Coast Guard Academy in 1996 with a B.S. in Mathematics and Computer Science, and from the University of San Francisco in 2001 with a Masters in Business Administration, concentration in Finance. Jared worked for a small floor market maker on the Pacific Options Exchange from 1999-2000
Normally one owes 5 years active duty after graduating from a service academy...was he separated before fulfilling his contract?

If so, that usually means he'd have to pay back the entire cost of his education, assessed in the low 6 figures.

No wonder he's a proponent of continuing to work...
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Old 11-06-2018, 04:56 PM   #42
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His bio here About — Jared Dillian says he served out his five-year commitment “mostly on the West Coast.” (I always snoop into the puff piece authors’ backgrounds—not saying he’s right or wrong or supporting his POV, just for background). I think a lot of young people who found themselves unemployed in 2008, and there were so many of them, might be skittish about never having a source of income again, though.
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Old 11-08-2018, 09:25 PM   #43
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When I first started working at my post-PhD non-profit job, they let us fly business class on long-haul flights. So on a flight back from Asia we got bumped up to first class on our BKK-NRT-SEA flight. Which was great until about mid-way through the first leg, which was when the food poisoning from the shrimp cocktail they had served as an appetizer on the first meal kicked in.

I ended up missing the opportunity to walk in my Ph.D. graduation ceremony a few days later.


I haven't really missed first class since, though the few times I got bumped to business were sure more comfortable than economy. I don't eat shrimp cocktail on long haul flights anymore, though.
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Old 11-08-2018, 09:53 PM   #44
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i think it's accurate - it doesn't imply that one should fly first class, just that one could if one chose to
No, it implies you've done something 'wrong' if you don't, the way I read it. JMHO.
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Old 11-09-2018, 09:31 PM   #45
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What’s up with the connection to a tiny home. Too high price per square foot on those. I think most people here just don’t see the value in consuming just to consume. Nothing worse than a mundane structured life revolving around working, paying taxes, spending it plus tax, then working again.
Retired at 34 18 years ago, just came back Sunday from 7 week vacation to Europe because We had the time, and you guessed it- flew first class.
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Old 11-10-2018, 06:30 AM   #46
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What’s up with the connection to a tiny home. Too high price per square foot on those. I think most people here just don’t see the value in consuming just to consume. Nothing worse than a mundane structured life revolving around working, paying taxes, spending it plus tax, then working again.
Retired at 34 18 years ago, just came back Sunday from 7 week vacation to Europe because We had the time, and you guessed it- flew first class.
That is amazing that you were able to do it. But I don't think it is possible anymore. Saving, that much of your salary and generating good investment returns on top of it is a tall order in today's conditions. I would consider myself lucky if I could FIRE at 50 and I don't include flying business class even, in my plans.
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Old 11-10-2018, 09:43 AM   #47
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That is amazing that you were able to do it. But I don't think it is possible anymore. Saving, that much of your salary and generating good investment returns on top of it is a tall order in today's conditions. I would consider myself lucky if I could FIRE at 50 and I don't include flying business class even, in my plans.
People like Justin (RootOfGood), Sam Dogen and countless others who don't have blogs are doing it in today's environment at around the same age. It is certainly a challenge, but it is achievable.
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Old 11-10-2018, 09:49 AM   #48
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Not sure about "today's conditions" - economic conditions are actually better than some "todays" in my memory bank. But it certainly is a challenge for a modest income. The temptation, for some, would be to overreach on risk, and lose it all. In fact, I know someone who did just that. He had to marry a woman who owned her own home, to make up for it

For 50-and-earliers, "Freedom" rather than "Business class air" may be the prime motivator

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That is amazing that you were able to do it. But I don't think it is possible anymore. Saving, that much of your salary and generating good investment returns on top of it is a tall order in today's conditions. I would consider myself lucky if I could FIRE at 50 and I don't include flying business class even, in my plans.
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Old 11-10-2018, 10:15 AM   #49
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In my opinion, and I may be completely wrong, people who are high achievers and earn well, often enjoy their work and are not the types that RE. Those that don't like working (that's me) and in it only for the money, are highly motivated to RE. So we were never high achievers or made a lot of money to begin with. Hence, my perception of FIRE guys are often frugal and not the types who take business class for travel.

But reading this thread and some others makes me realize, that there are people who were high achievers and still decided to retire early.
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Old 11-10-2018, 10:31 AM   #50
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People like Justin (RootOfGood), Sam Dogen and countless others who don't have blogs are doing it in today's environment at around the same age. It is certainly a challenge, but it is achievable.
Some are quite open that they had a working spouse to help pad the nest egg for a few years after they lost their jobs and sone developed “side hustles”—some did both.
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Old 11-10-2018, 12:56 PM   #51
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Some were high achievers just so they could retire early. Front-loading your work life, so to speak.

I wouldn't have worked so ridiculously hard for promotions, if my pension were not to be based on what I was earning at retirement.

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But reading this thread and some others makes me realize, that there are people who were high achievers and still decided to retire early.
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