The stock market will give you an 8% return or greater during that time. Paying off your student loans in 10 years or less. For example, taking emotion out of the equation. My argument would be too many statements are made as an assumption. David mentions in his article that this is a math problem only, which in this scenario makes him close to being correct. Although I can’t say it’s one I agree with. Paying Off Debt Fast, A Different Approachĭavid Carlson from Young Adult Money makes a good argument against this. This allows the number of months or years needed to reach financial independence to decrease. If your student loans consume $200 of your monthly income and you pay them off, your savings rate increases. If you want your savings rate to be as efficient as possible you should have all personal debt paid off. Money Mustache and Jacob Lund Fisker’s How I live on $7,000 per year document the math and high savings rates that one needs to accomplish such feats. The Shockingly Simple Math Behind Early Retirement by Mr. If however, you are able to obtain a massive savings rate closer to 80% the time frame dwindles down to closer to 5 years. If you are able to obtain a savings rate of 50% then you will find yourself close to 17 years before financial independence. Most early retirement plans are anywhere from 5-17 years in length depending on your savings rate. Most of the research done for this article was based on my experiences and what I find to be working in the early retirement community. I’m going to touch on each point later in the post and where I am in my journey today. This is important to remember when reading my plan and putting it together with your own.
This is not an executed financial statement ready to be published and audited by the SEC.
I wrote the Early Retirement Blueprint as more of a business plan. Because I do not see a blueprint for early retirement I decided to share my very own Early Retirement Blueprint. The reason I think about my investments so much is I always think there might be another option out there.
I don’t think a single day goes by that I don’t think how I can invest and get to financial independence and the option to retire early faster.
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