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This 29-year-old super-saver earns $135,000 a year and plans to retire by 35: I’m in ‘the top 1% of the most frugal people’
CNBC ^ | Ryan Ermey

Posted on 11/07/2022 6:36:01 PM PST by nickcarraway

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To: nickcarraway

I guess it’s OK. Not the lifestyle I would choose.

All things in moderation. Including moderation.


21 posted on 11/07/2022 7:05:22 PM PST by Vermont Lt
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To: nickcarraway

I have a son who lets money burn a hole in his pocket and a daughter who saves everything she can.

She doesn’t deny herself and live at poverty level, but doesn’t waste money either and she is saving a LOT of money and doesn’t even earn at this guy’s level.

I lean far more to the frugal side. We don’t eat out much. I can cook well enough and I know what’s in my food that way. I hang out my laundry and it’s impressive how much money one can save by not running a dryer.

I found an older model microwave at a thrift store one day for $8. Works great and is the older technology that is less likely to catch on fire and is more reliable.

Yes, it does take some effort, but planning and being aware of opportunities plays a big role in it as well.


22 posted on 11/07/2022 7:07:47 PM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
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To: nickcarraway

Doesn’t seem like being a software engineer would be a job that you HATE each and every day, and it clearly isn’t the sort of job that wrecks you physically. So they deny themselves the fun and pleasures of life on this obsession with retiring at 35; then what? Watch Netflix for 40 years? He’d be smarter to find a job that provides the kind of satisfaction that he’d actually want to do - past 35, which is really, really young to hang it up.


23 posted on 11/07/2022 7:12:51 PM PST by LizzieD
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To: nickcarraway

that isn’t even CLOSE to what someone would need to retire, much less retire early.


24 posted on 11/07/2022 7:20:20 PM PST by TexasFreeper2009
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To: ConservativeInPA

You semi-retire by buying a turnkey business that has 2-3 hours of real work/day.

That’s my plan, if I was ever able to do that.


25 posted on 11/07/2022 7:20:41 PM PST by Jonty30 (Some men want to see the world burn. It is they that want you to buy an electric car.)
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To: nickcarraway
For 25 bucks a bundle — a bundle is about half a carload — they just give you a ton of food and then you drive off and you have probably half your groceries for the month, if not more, depending on how much you want,” Firl says.

Making a good living and taking advantage of a program clearly designed to help those far less fortunate than his family, is pretty selfishly low-class.

26 posted on 11/07/2022 7:24:20 PM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: All

.
He’s shortsighted.

His family is likely to fall victim to the horrible crime in the area, and the schools are unsafe.

That area is a hellhole, and the inmates are running the asylum.


27 posted on 11/07/2022 7:30:40 PM PST by AnthonySoprano (Statute of Limitations is going to elapse on Hunter Biden )
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To: Secret Agent Man

That’s the Truth!

Obamacare was passed a dozen years ago.

You don’t even have to wait in an Emergency room, right? And all those savings made Healthcare and Surgery dirt cheap.

Barack said his cost savings would ignite the Economy like never before.


28 posted on 11/07/2022 7:34:57 PM PST by AnthonySoprano (Statute of Limitations is going to elapse on Hunter Biden )
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To: Recompennation
Well not in what I do....

I work sometimes in a Hosp. Doesn't cost me anything to work there.

And I trade the stock market....I have the funds to make the trade..but I am not spending any money to trade. Well...I take that back it costs me some $ to get in and out...but it's low.

29 posted on 11/07/2022 7:36:54 PM PST by Osage Orange
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To: nickcarraway

Once he pays off his house entirely he’ll be entitled to deeply discounted health insurance from the state of Minnesota? How does that work? Plus he’ll have $500,00 in the bank?


30 posted on 11/07/2022 7:39:56 PM PST by ladyjane
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To: nickcarraway

Being stingy bastard will definitley up your prospects in ladies dept.


31 posted on 11/07/2022 7:40:47 PM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: Secret Agent Man

I tell that to people all the time

Car accident, medical diagnosis, shoot even a divorce and ..... gone

This is the reaction I get:

🙄


32 posted on 11/07/2022 7:40:59 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: metmom

I have a great plan:

Marry a rich woman.

🤪🤪🤪😬😬😬


33 posted on 11/07/2022 7:42:45 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Secret Agent Man

Amen!

My husband and I labored under catastrophic medical debt due to the premature birth of my second child. Then came life, cancer, miscarriages, another child, we could not get out from under.

We are in a good place now. I’m socking away about $5K a month while still enjoying life. I’ve only got 10 years left (or so the doctors estimate- thanks, Fauci, you evil troll), and enough life insurance to set my husband up for retirement.

My, I don’t have to worry about that anymore, so we are hitting the bucket list while we can.


34 posted on 11/07/2022 7:45:52 PM PST by TheWriterTX (Trust not in earthly princes....!)
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To: SaveFerris

They can’t imagine it. It has to happen to them for them to understand it. Some people are just like that. Theres a blinder on certain parts of their worldview.


35 posted on 11/07/2022 7:54:36 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: nickcarraway

This is extreme saving but it appears to be effortless for this guy. Some people are wired to be able to save. I was.

The amount he needs to retire depends on his spend rate. If he is used to living on almost nothing he won’t need as much saved to continue doing that in retirement.


36 posted on 11/07/2022 7:54:41 PM PST by plain talk
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To: nickcarraway

Good for him.


37 posted on 11/07/2022 7:58:36 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Governor Dinwiddie

Supposedly one of the things that holds marriages together is matching credit scores. If one has a low credit score and the other a high one, the marriage is less likely to last.


38 posted on 11/07/2022 8:02:30 PM PST by ladyjane
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To: TheWriterTX
I’ve only got 10 years left (or so the doctors estimate-

I was told to expect 3-5 years. That was 11 years ago.

Here's hoping we have many more years to enjoy with the people we love.

39 posted on 11/07/2022 8:04:22 PM PST by Tired of Taxes
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To: Jonty30

Nope.

Everyone I know who does such things are moving to Real estate.

Less drama and regulations IF, big if, you have the right tennants.


40 posted on 11/07/2022 8:06:34 PM PST by SPDSHDW (Ya’ll knew he was installed via fraud, and chose to do nothing. Enjoy the roller coaster ride.)
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