>34>250k in savings>col around 2.5k/monthDo I have enough money to quit my wagecuck job and become a NEET?Also, how should I invest it to enable this goal?
>>61488865>I make 30k a year before taxes and have too much in assets/too young to qualify for public assistance programs can I live off this?What do you think dumb ass?
>>61488865
>>61488890Well, in absolute terms, I have 100 months of living expenses in savings. That's 8 years.Can't I extend it indefinitely by investing these savings at a rate superior to inflation? There has to be a way
>>61488865All in jepq and pray there's never another downturn. Realistically no you cannot.I have 3x that amount same age and am not willing to all in jepq
Well let’s see, you live on 12 percent of your savings annually. Can you get more than 12 percent returns annually in perpetuity? That’s incredibly tough. That’s Warren Buffett returns. The only safe withdrawal rate is 2.5 percent a year. You basically need $1.2m to live on your cost of living.
>>61488948This is the typical advice, except I'd say 3% is a more common swr, but it basically assumes that your goal is to maintain your principle indefinitely. If you assume that your goal is to die with nothing in the bank, to use every last cent of your savings, then obviously you would need much less, but I'm not sure how to do that math. Further, if you have enough paid into social security, then you really only have to make it to your 60s until you can start drawing off that. And to go even further beyond that, these calculations assume that you will have zero income for the rest of your life. If you're a creative guy you're probably gonna be learning new things and pursuing different projects, so those may pay off. Even if they don't, you can work part time if it starts to look like you're gonna need more income later on. I don't know how to take these ideas and make a better formula, but the (yearly expenses) x (24) math always seemed a little too conservative for a single, childless dude to me.
>>61488865Why do you think investing means returning?investing means throwing your money into a pit>you were never supposed to get a returnThat's why it's called "investing"
>>61488979>work part timeProbably much much worse than whatever corporate job you escaped. All my part time teenager jobs sucked.
>>61488865>high-trust societynot true. i was around at that time and also bought chainlink at ico
>>61489023Well you can also just go back to your full time job assuming you have a good resume and an in-demand skillset. I'm just saying it's not as risky as it seems to try and make it on your own for a while.
>>61489296>just get your old job backNo way the employment gap is a permanent black mark on your resume. It's equivalent to posting the nigger word on LinkedIn. Although with the shitty job you could at least bang sluts so maybe it would be better.
>>61488895we must retvrn
>>61488895>Died at 100More like 20, 30 if you are chieftain
>>61488865Have you thought about retiring abroad? You could stretch that money in somewhere like Thailand or Vietnam with the right approach.
>>61489454That's just ridiculous. If you offer value, you will be compensated for it. Maybe you're referring to some corporate culture thing that I'm not familiar with, but if you're in an industry like that, you should probably be looking to get out of it anyway.
>>61488865Feudal serf:>lives in a literal shack held together with mud>eats gruel and stale bread every day>is lucky to not die of dysentery, smallpox or bubonic plague>no safety nets, no reserves, no insurance, one bad harvest means your village dies of famine>lords can punish and abuse you, nobody will care>constant neighbouring wars in feudal Europe, raiders can burn your crops, loot your village, rape your wife and daughters and kill you>life expectancy is 30-35, definitely not 60
>>61489863When will this myth die? Almost no one died at 20-30. They either died young or lived to 70-80.
>>61489965feudal serfs lived in houses bigger than a mcmansion costing more than 1M today. They worked very little, and were mostly left alone by the ruler. Life expectancy in the middle ages was well into the 60s, it is just skewed by the high infant mortality - if you lived past 5, chanches were you lived also past your 60s. The middle ages are demonized and they lie about the living conditions of the period because middle age society is poison to the kike - a high trust, local, cohese and decentralized society that is nigh impossible to corrupt.All my facts are easily verifiable btw, just educate yourself if you're not arguing in bad faith.
>>61488948That's too much money. I don't know if I can survive wageslavery until I'm able to get to 1.2m
>>61489965Imagine being this much of a midwit
>>61488895serfs couldnt choose their own professions. they were completely tied to the land they 'owned'
>>61492570>im a retard and have retard opinions that means a smart person in a monk robe also has these opinions and theyre right!!
>>61492824they worked from home. also they were given their own plot of land to work. keep coping.
>>61492832what if i dont want to be a farmer tho
