He and his wife live in Raleigh, North Carolina with their three children. Not to be outdone, another incredible story comes from Justin at the blog Root of Good. This was the light bulb moment for me: you don’t have to follow the standard life path if you don’t want to. These choices aren’t better or worse than others.
If you want to work until you’re 65, climb up to the highest rung of the corporate ladder, save up your millions, these are perfectly valid choices. A purposeful life is gained one promotion and corporate accolade at a time.You need millions of dollars in the bank to retire.Get a good job - stick with it for decades - if you play your cards right, when you’re 65 you’ll be able to put your feet up and call it quits.Article after article challenged the conventional wisdom that I thought was true: When I first stumbled onto MMM’s website, I simply couldn’t stop reading. If you’re tempted to ditch this course for an hour or two of binge reading, I won’t blame you. The 4% rule: the easy answer to “how much do I need for retirement?”.The shockingly simple math behind early retirement.Getting rich: from zero to hero in one blog post.
If you’re ready to fall down the early retirement rabbit hole, read through: The MMM family can now be found stomping around Longmont, Colorado with their son in tow. MMM and his wife earned normal salaries, managed to save the vast majority of their paychecks through frugal living, invested wisely in index funds, and here’s the good part - they retired at the ripe old age of 30. Money Mustache (MMM), I am pleased to introduce you. We’ll also discuss how you can shape up a plan to do the same. In this lesson we’ll take a look at a couple of inspiring stories of people who managed to leave behind the rat race at stunningly early ages. However, with some careful planning and laser-like focus on the goal, you can get there. Things that are not required (although they sure help): A six-figure salary a whopping inheritance a lucky lottery ticket. Retirement may seem like a hazy dot far off on the horizon, or simply an impossibility. If you’re waving your fingers and toes in the air now, you might find this lesson rather interesting.