Comments on: Here’s How Much You Must Earn Over Your Lifetime to Become Financially Independent

By: Zach

Zach — Wed, 07 Nov 2018 17:29:51 +0000

In reply to Get Rich Brothers. Thanks Ryan! And agreed - I will never stop doing productive activities, which will likely result in supplemental income even after I quit my day job.

By: Zach

Zach — Wed, 07 Nov 2018 17:29:05 +0000

In reply to A Purple Life. Thanks APL! Glad you liked this new perspective :)

By: Zach

Zach — Wed, 07 Nov 2018 17:28:47 +0000

In reply to SAHD FIRE. 5% seems like a good expectation to me, 6% doesn't seem unreasonable either. Congrats on being just 6 years away from Semi FI as well. That should come with some increased freedom.

By: Get Rich Brothers

Get Rich Brothers — Wed, 07 Nov 2018 02:16:01 +0000

Hey Zach,

Pretty cool way to frame the concept. I probably come in around $30-40k per year in actual expenses, so it looks like I have somewhere around a million that I need to effectively earn to get the job done based on the metrics above.
That said, I don’t see myself ever entirely stopping productive/earning activities and so there will always be supplemental income.
Keep up the interesting reads.

Take care,
Ryan

By: A Purple Life

A Purple Life — Tue, 06 Nov 2018 16:18:39 +0000

Super cool! I’ve literally never thought of translating savings rates into how much you’ll need to earn overall. A very interesting and fresh way to look at the power of a higher savings rate. I’m motivated to see if I can increase mine more! Thanks so much for your unique thoughts as always.

By: SAHD FIRE

SAHD FIRE — Tue, 06 Nov 2018 14:30:49 +0000

The visuals add a nice touch. I used a 6% inflation adjusted return when calculating our number and hoping to hit our $1.8MM goal in 11 years and be Semi FI in 6 years.