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That's why when I retired 23 years ago at age 38, I waited until I amassed a portfolio equal to 25 times my annual spending (i.e.,"the 4% rule".) If the Great Depression doesn't happen to arrive, 20 or 30 years down the road your only problem will be whether to buy a boat or an airplane to soak up the excess cash flow.


That's impressive. At 37, I'm not there or even close. But I'm curious if you used 4% of optimal spending level, or minimal spending level to keep the lights on. Here's my thinking:

I also want to balance the idea of living to the fullest while I'm young with the idea of one day getting really, really rich. The latter does not appeal to me. I don't ever want to buy an airplane or a boat. The former is very important to me, even if I have to reduce my spending in some (or all) years. I think full living is about freedom, travel, and doing things that matter to you with people you care about. If I have to stay in hostiles instead of the Ritz, go out for wings and beer with friends instead of caviar and champagne, and maybe even do some part time work somewhere along the line, I don't think life will be any less full.

Interested in your thoughts.

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