tag:blogger.com,1999:blog-4876327247533458481.post2382693930680665236..comments2023-11-03T03:19:01.419-07:00Comments on Working for Rachel: The First 100,000 is the hardest?Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4876327247533458481.post-1905378019460846012010-05-31T14:24:45.653-07:002010-05-31T14:24:45.653-07:00PS A long time ago i figured, using endless online...PS A long time ago i figured, using endless online calculators I still check in with now and then, that I'd really need $1 million to retire on. I track my expenses religiously, have done so for years, and I also average about $40,000 a year in total expenses. (I'm single.) <br /><br />I don't think you could comfortably retire on less if you want to enjoy yourself. It seems like an incredibly long way to go from $425K to $1 million, and doing so in 10 years is my goal, but here's to the next bull market, the power of compounding and my own personal savings rate!Connecticut Bloggerhttps://www.blogger.com/profile/04645853009504991168noreply@blogger.comtag:blogger.com,1999:blog-4876327247533458481.post-86333062013603057062010-05-31T14:22:04.103-07:002010-05-31T14:22:04.103-07:00Good for you for focusing on this at such an early...Good for you for focusing on this at such an early age. I was always a super-saver, thanks to frugal grandparents, from whom I also inherited from. Thanks to them and my frugal habits, I have about $425K in savings/investments plus my home of 15 years has just a $59,000 balance left on the mortgage. I'm 50.<br /><br />I'm sort of treading water right now since being laid off 8 months ago. But by being even more frugal, I've been able to live for 8 months without spending a penny of savings, just living off unemployment, some freelance writing, the occasional medical or market research study and, most recently, 5 weeks of Census Bureau work.<br /><br />I've bookmarked your blog and hope to read more about your early retirement aspirations, which I completely relate to.Connecticut Bloggerhttps://www.blogger.com/profile/04645853009504991168noreply@blogger.comtag:blogger.com,1999:blog-4876327247533458481.post-39806591119119399602010-05-19T09:04:31.891-07:002010-05-19T09:04:31.891-07:00If his commute is only short why not ditch the car...If his commute is only short why not ditch the car (if you sell it there is a potential for a poistive creep in the budget) and bike a bicycle?? I used to ride 20km to work every day (One way!) and it's not hard, plus you can save on gym fees if you have then as he gets all the exercise commuting plus it's a great stress reducer.Anonymoushttps://www.blogger.com/profile/12000596927532231000noreply@blogger.comtag:blogger.com,1999:blog-4876327247533458481.post-25478956562095828642010-05-18T18:56:50.688-07:002010-05-18T18:56:50.688-07:00I can't wait to reach my first $100K. Congrat...I can't wait to reach my first $100K. Congrats on getting there!Anonymousnoreply@blogger.com