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Are you already in your late 50s with no savings (in which case I can understand it)? But if you are still in your 20s or 30s or even your early 40s, I think it is possible that you could retire before 65 (my definition of retiring early).

Some people think retiring early means you retire in your 20s or 30s -- and that's really lucky for them, but most of us can not and were not able to do that. But some of us have managed to retire at least a few years early.


I have to agreed with you on this one. In my early 40s I had a negative net worth, and am now retiring in two months, just before 62.

Unfortunately for many on this board, it didn't happen through being liberal, or by LBYM either.

It happened through taking personal responsibility. I realized that working extra hours at my job was a fool's errand, all this will do is suck your time away and produce minimal financial reward. It happend through developing a money-making sideline, investing in it, and working in it.

Maybe one could call it LBYM because I increased my available means through more work, but I saved & invested the excess, rather than spending it. Anathema to most liberals, I also reduced my taxes relative to my real income, by putting sweat equity into my sideline. I never felt deprived, because I had the same , or even more, disposable income than my peers, but my real savings rate was quite high. This is not LBYM as I understand the traditional use of the term.

I have never me a self-made millionaire who was liberal. There are plenty of liberal millionaires, but most of them got there through sheer luck, or inheritance. There are many who I have not met, lots of actors, Soros, etc. The problem there is a lot of sheer luck is involved. Intercst was lucky enough to invest in a stock which really took off. He may tell you it was investing skill, but I have never heard him say he ever repeated this feat, so I believe there was a lot of luck in it. Overall, I believe that self-made wealth is overwhelmingly associated with conservatism and personal responsibility.

While there may be a "liberal" plan for early retirement, I have not seen this addressed so far in this thread, and I am not certain there really is a practical one.

I have outlined above one working conservative plan for early retirement, and there are many other practical ones.
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